FLOUR MILLS OF NIGERIA PLC 9M’24 EARNINGS – Topline expansion momentum sustained
Analyst: Oluebube Nwosu* o.nwosu@vetiva.com Target price: ₦35.91 Rating: SELL TL;DR Revenue: ₦594.6 billion, marking an [...]
Mar
NIGERIAN BREWERIES PLC FY’23 EARNINGS – Price increases mask volume decline
Analyst: Oluebube Nwosu* o.nwosu@vetiva.com Target price: ₦25.64 Rating: SELL TL;DR Q4’23 revenue grows by 26% [...]
INTERNATIONAL BREWERIES PLC FY’23 Earnings Release – Price increases boost gross margin
Analyst: Oluebube Nwosu* o.nwosu@vetiva.com Target price: ₦5.90 Rating: HOLD TL;DR Impressive 38% y/y growth in [...]
Mar
A Cursory Glance at Nigeria’s New Cost of Healthy Diet Index
Analyst: Ibukun Omoyeni i.omoyeni@vetiva.com The Nigerian Bureau of Statistics (NBS) recently introduced a valuable tool [...]
Mar
GUINNESS NIGERIA PLC H1’24 Earnings Release – Navigating growth amidst cost challenges
Analyst: Oluebube Nwosu* o.nwosu@vetiva.com Target price: ₦5.90 Rating: HOLD TL;DR Robust 27% y/y revenue growth [...]
Mar
Anheuser-Busch InBev SA/NV FY’23 Earnings Release – Volume slump, higher costs drag full-year performance
Analyst: Oluebube Nwosu*o.nwosu@vetiva.comTarget price: R1251.04Rating: HOLD TL;DR Q4’23 revenue declines 1% y/y to $14.5 billion. [...]
Mar