Nigerian stocks were 0.22 per cent weaker last week as the market slipped into correction territory after weeks of successive gains.
As a great number of corporate results are still outstanding, the trajectory of price movement this week could be largely determined by how strong earnings reports that will be issued this week turn out to be.
PREMIUM TIMES has assembled a number of stocks with fundamentals and other potential, adopting key analytical approaches to save you the hassle of randomly picking equities for investment.
The selection, a product of analytical market watch, offers a guide to entering the market and taking strategic positions in hopes that equities will gain value with the passage of time, particularly in the short term.
This is not a buy, sell or hold recommendation but a stock investment guide. You may have to involve your financial advisor before taking investment decisions.
PRESCO
Presco tops this week’s pick on the basis of recording a more-than-a-half jump in net profit for the three months to March
The oil palm processor posted an after-tax of profit of N5.9 billion after revenue soared by over twofold to N19.6 billion.
LEARN AFRICA
Learn Africa appears on the selection for trading well below its intrinsic value, making it a good entry point for investors. The publisher’s price-to-earnings (PE) ratio at the end of the last trading session was N0.46, while its earnings per share (EPS) is 4.9x.
UNITED BANK FOR AFRICA (UBA)
UBA features on the pick this week for currently trading significantly below its real value. The PE ratio as of Friday was 2.3x, while the EPS is N3.49.
OANDO
Oando makes this week’s selection for currently trading well below its actual value
The stock has an EPS of N2.32 and a PE ratio of 2.7x.
Source: Premium Times
