Culled—Proshare May 2, 2017/FBNQuest Research High teen increases to our earnings forecasts After a subdued Q4 2016 (once one-off gains are stripped out), Access Bank impressed with its Q1 2017 results, especially with both revenue lines contributing. Although loan growth remains subdued (flat in Q1 q/q) and some key fee […]
Investors Bite
Strong earnings power global shares higher
May 2, 2017/Reuters By Nigel Stephenson | LONDON Stocks rose in Europe and Asia on Tuesday after technology industry shares hit record highs on Wall Street and investors focused on strong corporate earnings while shrugging off weaker-than-expected Chinese factory activity data. European stock markets opened higher after the May 1 […]
Dangote Sugar Refinery Q1 2017 Sales of N59.5bn Grew by 83% YoY
Culled—Proshare May 2, 2017/FBNQuest Research Event: Dangote Sugar Refinery reports Q1 2017 results Implications: Positive reaction by the market likely Positives: Q1 sales of N59.5bn grew 83% y/y and 9% q/q respectively Negatives: Gross margin contraction of -758bps q/q to 13.2% Late last week, Dangote Sugar Refinery (DSR) published its Q1 […]
