April 24, 2017/Cordros Report Click here to download full PDF Report EQUITIES The Nigerian equities opened the first trading session of the week positive, with both released (see WAPCO and STANBIC) and expected Q1-17 results (as we expected) acting as tailwind. The All Share Index advanced by 2.21% (largest this […]
Updates
Equity markets, euro rally in wake of French election
April 24, 2017/Reuters By Chuck Mikolajczak | NEW YORK Global equity markets rallied on Monday, boosting a gauge of world stocks to a record high, while the euro briefly jumped to a five-month peak against the U.S. dollar as the first round of an election in France went to the […]
Nigerian Breweries Plc | Q1-2017: Price Hike; Good Start to the Year
April 24, 2017/Cordros Research Click here to download full PDF Report In our view, NB’s reported Q1-17 result impressed on two main fronts: (1) 18% y/y revenue growth and (2) 255 bps q/q expansion of gross margin. Both were ahead of Cordros’ (+3% y/y and +38 bps q/q respectively) and […]
