Culled—Proshare March 30, 2017/FBNQuest Research Earnings upgrade to meet management’s guidance Stanbic IBTC’s Q4 2016 profit before provisions was 4% ahead of our estimate. We have increased our 2017-18E forecasts for this line by 4% on average as a result; we expect higher margins to compensate for slower non-interest income […]
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Barclays in talks to sell Zimbabwe bank to Malawi’s First Merchant Bank
March 28, 2017/Reuters Barclays is in exclusive talks to sell its stake in its Zimbabwe unit to Malawi-based First Merchant Bank, the lenders said on Tuesday, as the British bank continues its exit from Africa. First Merchant Bank said in a statement on its website it was in exclusive talks […]
Weekly Market Wrap-InvestmentOne
March 27, 2017/InvestmentOne Research Trade ideas for the week We remain positive on both quality Banking and cement stocks on continued elevated interest rate regime and potential for increased government capex spending. We continue to sell Consumer names on pressure on disposable income and limited FX supply for input materials.. […]
