Browsing: Meristem Securities Limited

AIICO Insurance Rated Hold as Analysts Estimate Limited Upside. AIICO Insurance Plc. (AIICO) reflated its earnings performance in the first half of 2020

AXA Mansard Earnings Lift, Prospect Earned Analysts’ Buy Recommendation. Mansard Insurance Plc. (MANSARD) recorded a marked year on year growth of 15.52% in the first half of 2020, as gross premium income rose to ₦22.73 billion.

Wema Bank: Weak Earnings, Bleak Outlook Validate Concerns on Vulnerability – Meristem
Lender’s Suffered Regulatory-Induced Risk Straining Earnings
₦89.14 billion CRR Debit Against Lender, Earned Zero Interest
Equity Analysts Downgrade Stock to SELL
Topline Outlook Revised from Modest to Bearish Due

Analysts Maintain Buy Rating on Sterling Bank, Set Price Target to ₦1.43

Revenue from Oil Could Only Finance 8.78% of Nigeria’s Budget 2020

Regulatory Risks Cloud Outlook of Nigerian Banks – Meristem. Following the decision of the Monetary Policy Committee (MPC) to hold key macroeconomic parameters, including the cash reserve ratio, analysts have remarked that regulatory risks continue to cloud the outlook of the Nigerian banking sect

FMN Struggles to Find Value as Rising Costs Squeeze Earnings. Flour Mills of Nigeria (FMN) Plc, the largest food and agro-allied company listed on the Nigerian Stock Exchange could be bought for ₦80.162 billion.

NASCON: Steep Rise in Finance Cost Dwarf Shareholders Returns. Equity analysts’ have set ₦13.60 price target for NASCON Allied Industries (NASCON), a member of the indigenous conglomerate, Dangote Industries Limited for 2020.

Nestlé NG: Most Profitable Consumers Goods Leader Sets for Bumper Harvest. Amidst bumps and bruises in the economy, Nestlé Foods Nigeria Plc is leading competition to finding value for its shareholders.

GSK: Analysts Upgrade Stock as Earnings Swing Despite Revenues Drop. GlaxoSmithKline Consumer Nigeria Plc (GSK) topline came weak, though the pharmaceutical company’s profit improves in the first quarter of 2020.