GUINNESS | Guinness Nigeria - Company Update : Strategic acquisition to unlock upside potential
In its 9M'23/24 results, Guinness Nigeria Plc (GUINNESS) recorded a 27.2% YoY revenue growth and a pre-tax loss of N60.4 billion.
Nigeria | NGX
AIRTELAFRI | Airtel Africa Plc - Company Update : Localisation of debt to ease FX pressures
AIRTELAFRI's financial results for FY'23/24 showed a downturn in earnings, largely due to multi-currency weaknesses in some of its operational regions.
PRESCO | Presco Plc - Company Update : Expansion opportunity highlights upside risks
The odds are in favour of PRESCO in 2024, as we see legroom for higher domestic CPO prices and improved RBDO production. Furthermore, the proposed acquisition of a 100.0% equity stake in Ghana Oil Palm Development Company Limited (GOPDC) bodes well for growth in the near term. We have a 12-month TP of N384.20 and a BUY rating on the ticker.
FLOURMILL | Flour Mills of Nigeria - Company Update : Improved earnings outlook spurs rating revision
FLOURMILLS has proven resilient in the face of tough macroeconomic terrain by developing new products, expanding its market reach, and boosting export earnings.
ETI | Ecobank Transnational Incorporated - Company Update : Diversification advantage remains compelling
In FY'23, ETI's earnings defied notable currency weaknesses in Zimbabwe (- 89.0%), Nigeria (-50.0%), and Ghana (-29.0%), expanding by 11.0% to $406.9 million.
STANBIC | Stanbic IBTC Holdings - Company Update : On track for a robust earnings growth
STANBIC crossed an earnings milestone (above N100.0 billion) in FY'23, aided by strong revenues from both net interest income (NII) and non- interest revenue (NIR).
