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Alibaba Continues Solid Core Businesses Growth, Ups Share Repurchasing in June Quarter

Taobao and Tmall Group reported strong online GMV growth and stabilizing market share Alibaba Cloud’s revenue growth accelerated with AI-related product revenue up triple digits YoY August 15, 2024/alizila.com By Elizabeth Utley Alibaba Group reaped the early rewards from multi-pronged investments in its core businesses, the Hangzhou-based holding company reported […]

International Breweries Plc HI 2024: FX Loss Still a Big Clog in the Wheel

August 15, 2024/CSL Research International Breweries demonstrated a relatively stable performance across key metrics in H1 2024. The company, known for its Trophy Lager, reported a remarkable 92.2% y/y Revenue growth, reaching N223.2bn, up from N116.13bn in the same period of 2023. On a q/q basis, revenue also increased by […]

Bears Sustain Hold as Nigerian Bourse Declines -0.1%, Dragged by OANDO

August 14, 2024/Cordros Report EQUITIES   The bears continued to dominate the local bourse as the All-Share Index dipped by 0.1% to close at 97,248.82 points. Today’s market performance was undermined by losses in OANDO (-10.0%). Sequentially, the Month-to-Date and Year-to-Date returns moderated to -0.5% and +30.1%, respectively. The total […]