Category Archives: Telecommunications

Agriculture, Banking, Capital Markets, Consumer goods, Industrial Goods, Oil and gas, Telecommunications

2023 High Conviction Stocks: November Performance Review

Posted on by R. Daniels Chidozie
01
Dec

Our conviction stocks closed higher in November, gaining 1.8% m/m, underperforming the ASI by 1.2ppts. Our picks have yielded a return of 71.2% YTD, outperforming the ASI by 32.0ppts. Starting with the Consumer Goods sector, it was a mixed month as DANGSUGAR eased 7.94% m/m, while NESTLE (+9.5% m/m) closed in the green. All in,...

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Telecommunications

MTN NIGERIA COMMUNICATIONS PLC Q3’23 Earnings: Data income fuels impressive revenue growth

Posted on by R. Daniels Chidozie
25
Nov

Analyst: Victoria Ejugwu* Target price: ₦315.74 Rating: BUY MTNN’s 9M results largely mirrored our expectations. The company reported a 22% y/y increase in revenue to ₦1.8 trillion (Vetiva estimate: ₦1.8 trillion). The data segment remained the primary driver for topline growth, with data revenue rising 36% y/y to ₦750 billion. Voice services also expanded 11%...

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