November 4, 2016/research@proshareng.com Stock market activities closed negative in the month of October 2016 as the key market indicator, NSEASI, dropped by -3.94% as against +2.67% gain recorded in the month of September 2016 while market YTD performance extends further to remain in the red zone and stands at -4.97%. […]
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Revision to DANGCEM Plc Estimates delivers a HOLD Recommendation
November 4, 2016/Cordros Research We have revised forecasts for DANGCEM going into 2017, considering (1) price action and competition (from LAFARGE whose production faced repeated interruptions in 2016) in Nigeria, which should impact sales volume; (2) likely price weakness in Pan Africa markets on intense competition; (3) higher (than expected) […]
Fidelity Bank Plc is Maintaining Underperform Rating on Weak Q3’16 Results
November 4, 2016/FBNQuest Research Modest cuts to our EPS forecasts and price target Following Fidelity Bank’s (Fidelity) Q3 2016 results which showed that PBT was broadly in line with our estimate, we have made modest cuts to our 2016-17E earnings forecasts. Our price target is unchanged at N0.9. Although the […]
