Latest News

Analysts Advise Traders forward of Firms’ Earnings Releases

Goddy Egene

As corporations put together to announce their monetary efficiency for 9 months ended September, analysts at Meristem Securities Restricted, have suggested traders to realign their portfolios to accommodate worth and earnings shares.

Most of the listed corporations are at the moment of their closed durations forward of the discharge of third quarter monetary stories in just a few weeks.

In response to the analysts, difficult enterprise atmosphere, sluggish financial progress and Nigeria’s susceptibility to grease worth volatility stays the important thing dangers going through the nation. And these, they mentioned had led to the weak performances witnessed throughout the totally different sectors of the economic system.

“Economic activities have been largely dampened by delays in the implementation of the government’s capital budget. Likewise, the increased competition and weak infrastructural spending have also hampered growth in the industrial goods sector. Similarly, consumer spending has remained tepid since the exit from recession and this has led to weaker revenues for the fast-moving consumer goods players,” they mentioned.

“In the light of all these, our earnings expectation in the third quarter is quite modest, as we do not envisage a reversal from the prevailing market conditions. While the appointment of the ministers and the economic team by the Presidency should provide clarity on fiscal policy, the need to implement structural reforms that will unlock growth and boost investor confidence remains pertinent,” they added.




Supply hyperlink

Tags
Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Close
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker
%d bloggers like this: