Culled—Proshare November 11, 2016/FBNQuest Research Underperform rating maintained despite valuation rollover Broadly speaking, International Breweries’ underlying Q2 2017 (end Sep) results were stronger than we expected. Consequently, we have increased our EBIT forecasts for the 2017-18E period by 16% on average. Although we have attempted to reflect a negative surprise […]
Updates
FDI still lagging behind
Culled—Proshare November 11, 2016/FBNQuest Research The NBS recently released its latest Capital Importation Report which covers Q3 2016. The data was obtained from the CBN and compiled using information on banking transactions. The total value of capital imported into Nigeria in Q3 2016 was estimated at US$1.8bn; this represents an […]
October 2016 Inflation Rate to Increase Further to 18.17% – FSDH
Culled–Proshare November 11, 2016/FSDH Research We expect the October 2016 inflation rate (year-on-year) to increase further to 18.17% from 17.85% recorded in the month of September 2016. The expected increase in the inflation rate will be driven by higher prices within the Food and Non-Alcoholic Beverages division, as well as […]
