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 […]
Updates
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 […]
The US$30bn Question or a No-Brainer
Culled—-Proshare 3/11/2016/FBNQuest Research The FGN is looking to borrow US$30bn externally over the 2016-18 period. This has brought some criticism on the grounds that Nigeria could fall into a second debt trap. We note that the external debt stock/GDP ratio for Ghana is now worse than before the application of […]
