Browsing: Meristem
NEM Insurance Rated Hold as Analysts Forecast Marginal Upside. NEM Insurance Plc. has been rated hold by analysts as they cited that higher reinsurance cost pressure underwriting margin.
Inflation Rate to Tick Up by 0.08% in July – Meristem. Analysts at Meristem Securities Limited have projected an uptick in July inflation rate by 0.08% to 12.64%. The nation’s headline inflation has been on ascendancy for 11-months straight before it peaked 12.56% in June, according to NBS
May & Baker: Equity Analysts Upgrade Stock on COVID-19 Advantage. May & Baker Nigeria (M&B Plc) was the first pharmaceutical firm to set up an anti-retroviral plant in Nigeria and the first to initiate local vaccine production.
Equity Analysts Advise Investors on 57% Upside in ARDOVA’s Stock. Ardova Plc, an indigenous energy group, recorded a 22.31% year on year increase in revenue to ₦52.05 billion in the first quarter (Q1) of 2020.
AIICO Insurance: Analysts Estimates 83% Surge in Stock Price. Analysts at Meristem Securities Limited have advised investors to buy AIICO Insurance Plc stock to reap more than 83% upside. AIICO current capital position of ₦19.24 billion places the insurer comfortably above the regulator’s ₦18.00 billion recapitalization threshold required of composite businesses.
Ahead of the rescheduled Monetary Policy Committee meeting of the Central Bank of Nigeria, Meristem Securities, Vetiva and others have predicted that the policy rates would be maintained.
Average prices of foods, transportation and health care among other needs have been projected to increase for month. Investment bankers have estimated uptick in headline inflation rate for the month of May, projected to spike to 12.43%.
Fidelity Bank: Analysts lower lender’s estimate on assets quality concern. Fidelity Bank is facing steep cost pressure that is diluting lender’s margin, though analysts recognised that growth in earnings asset drove top line performance in the first quarter of 2020.
Bearish stock market mirrors Nigeria’s economic performance – Meristem
CBN’s cap on SDF not likely to drive real sector lending, Cardinalstone says