August 6, 2024/FSDH Research FSDH Capital Limited is pleased to inform you that the Access Holdings Plc (“Access Holdings” or “Access Corporation” or “the Corporation”) Rights Issue of 17,772,612,811 ordinary shares of 50 kobo each at N19.75 per share on the basis of 1 new ordinary share for every 2 existing shares held as […]
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Mix of Price and Volume Increases Drive Strong Top-Line Growth for Cement Manufacturers
August 6, 2024/CSL Research In the first half of 2024, the Nigerian cement industry experienced significant topline growth, with total revenue of all the listed players in the sector rising significantly by 76.67% y/y to N2.42 trillion, compared to N1.37 trillion in the same period in 2023. This robust increase […]
Strong Potential Upside Despite Cuts to Earnings Forecasts
August 5, 2024/FBNQuest Research Downward revisions to our FY 2024 EPS forecast and price target: FCMB Group’s (FCMB) Q2 2024 earnings aligned with our forecasts. Nevertheless, we have cut our FY ’24-25f EPS forecasts by an average of -25%, primarily because of significant downgrades to our funding income forecasts Q2 2024 […]
