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) […]
Updates
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 […]
Kenya’s Safaricom says EBITDA for H1 up by 30.8 percent
November 4, 2016/Reuters By George Obulutsa Kenya’s Safaricom said on Friday that earnings before interest, tax, depreciation and amortization (EBITDA) for the first half of the year are up 30.8 percent on the same time last year, at 50.8 billion shillings ($502 million). The company’s net income in the same […]
