Culled—Proshare November 7, 2016/FBNQuest Research Further downside likely from current levels We expect the market to focus only on asset quality metrics for Diamond going forward, much more than in previous quarters, given the scale of the negative surprise in the bank’s Q3 2016 results. Management has updated its asset […]
Updates
Cadbury Nigeria Plc – Low Expectations for FY 2016
Culled—Proshare November 7, 2016/FBNQuest Research Headwinds weigh on earnings forecast Cadbury Nigeria’s (Cadbury) Q3 2016 sales beat our forecast by 15.5%. In addition to base effects, our channel checks indicate that the company likely gained some share following price increases by close competitor Nestle for its Milo product during the […]
IOSCO consults on Other CRA Products and their use by market participants
November 7, 2016/IOSCO The Board of the International Organisation of Securities Commissions (IOSCO) today published a consultation report titled Other CRA Products, which seeks further insight into how market participants use non-traditional, products or services offered by credit rating agencies (CRAs). The objective of the consultation report is to clarify […]
