Culled—Proshare May 3, 2017/Vetiva Research Top and bottom line beat estimates, up 49% and 41% y/y respectively OPEX and Interest cost pressures persist Loan loss expense in line with estimates We revise our target price to N28.00 (Previous: N27.25) Earnings beat, supported by strong top line growth ZENITHBANK released its […]
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Nestle Nigeria Plc – Strong Topline Growth Drives Performance
Culled—Proshare May 3, 2017/FBNQuest Research Neutral rating maintained Nestle Nigeria (Nestle) posted earnings growth of 25% y/y in Q1 2017 thanks to a strong topline growth of 69% y/y. This topline growth completely offset negatives on both the gross margin and opex lines. Price increases across all categories were the […]
NSE ASI revs by 58.4 bps amid bullish activities
May 3, 2017/Cowry Asset Overall equities market performance measures, NSE ASI and market capitalisation, revved by 58.4 bps amid bullish activities. Elsewhere, NIBOR moved in mixed directions across the tenor buckets. On the otherhand, NITTY fell for most of the maturities amid renewed bargain hunting. Meanwhile the OTC FGN bond […]
