View all companies
Olabisi Ayodeji
Equity Research Analyst, Banks (Africa) @ Tellimer Research
Olabisi focuses on Nigeria banks, having previously covered consumer companies in Nigeria and cement companies across SSA. Her experience in covering multiple sectors of the Nigeria economy has deepened her understanding of the market, allowing her to contextualise key macroeconomic trends while providing insights to investors. Prior to joining Tellimer, Olabisi was as an associate at PWC Nigeria.
Hide filters Show filters
Latest from Olabisi Ayodeji
Seplat: Eland Oil & Gas acquisition to support growth; reiterate Buy
Seplat’s US$484mn cash acquisition of Eland Oil & Gas(Eland) should support management’s ambition of becoming Nigeria’s leading indigenous oil & gas company. Eland’s higher cost of production (US$9.5/bbl vs. US$6.5/bbl in 2019f) as well as Seplat’s i...
Ayodeji Dawodu @ Tellimer Research 19 November 2019
Ecobank Ghana: Q3 19: Non-interest income boosts earnings as operational efficiency improves
EGH recorded Q3 19 PAT of GHS 118mn (up 18% yoy),in line with our forecast, driven by increases across major revenue lines. The key positives were: (1) strong non-interest income growth (up 36% yoy); (2) an increase in net interest income (up 8% yoy)...
Nkemdilim Nwadialor @ Tellimer Research 31 October 2019
Stanchart Ghana: Q3 19: Earnings improve on robust loan growth and lower net impairment charge
SCB’s Q3 19 PAT was up 88% yoy at GHS69mn,well ahead of our forecast due to a 66% drop in net impairment charge (vs our expectation of a 52% increase). Key negatives were: 1) a reduction in margins, which fell 1.25ppts yoy to 7.4% on our estimates du...
Nkemdilim Nwadialor @ Tellimer Research 29 October 2019
GCB Bank: Q3 19 results: Non-interest revenue growth boost earnings; reiterate Buy
GCB’s Q3 19 PAT rose 39% yoy to GHS96mn, above our GHS78mn forecast due to higher-than-expected net fee income, which rose by 33% yoy (94% above our forecast) and lower-than-expected net impairment charges (17% below our forecast). Pre-provision prof...
Nkemdilim Nwadialor @ Tellimer Research 29 October 2019
Fidelity Bank: Revenues drive good Q3 19 results; reiterate Buy
Fidelity’s Q3 19 net income rose 13% yoy to NGN7.1bn, above our NGN6.4bn forecastdue to lower-than-expected cost of risk of 0.2% (vs 0.5% forecast). Stage 3 loans fell 3% qoq, driving a 0.5ppts decline in the bad loan ratio to 4.8%, while provisions ...
Olabisi Ayodeji @ Tellimer Research 29 October 2019
Nigeria Tier 1 Banks: Looking to the rest of Africa for growth
Exposure to the rest of Africa is growing. Access should stay flattish at 12%, due to the absorption of Diamond in Nigeria. For Tier 1 banks, we forecast PBT/assets of 4.0% for the rest of Africa in FY 19f-22f, a 0.6ppt improvement over the prior thr...
Olabisi Ayodeji @ Tellimer Research 28 October 2019
Filter by tags
Olabisi Ayodeji
Africa
Nigeria
Financials
Banks
Sub Sahara Africa
Equity
Rahul Shah
Ayodeji Dawodu
GTB
Zenith Bank
Materials
Ghana
Diversified Financials
