By 2022, overall, with strong corporate results, a good number of stocks in the market are becoming attractive and at low prices considering their earnings.
This appears to have been the main driver of increased activity last week, with transaction sizes more than doubling.
As the fiscal year 2022 earnings season draws to a close and first quarter financials begin to be released, the momentum in market activity is expected to be impressive enough to excite investors.
Investors looking to bargain hunt and take strategic positioning now have access to a basket of promising stocks, some of which are listed below.
PREMIUM TIMES has rounded up a number of stocks with potential funds and others, taking key analytical insights to save you the trouble of randomly picking stocks for investment.
Selection, a product of analytical market surveillance, provides a guide to entering the market and taking strategic positions in the hope that stocks will gain value over time, especially in the short term.
This is not a recommendation to buy, sell or hold, but rather a stock investment guide. You may need to involve your financial advisor before making any investment decisions.
Ecobank Transnational Incorporated (ETI)
ETI capitalizes on the strength of this week’s close to its 52-week low, providing a strategic entry point for investors looking for stocks that offer opportunities. capital appreciation.
The price gains of the donor (PE) is currently 2x, his earnings per share (EPS) is N5.4.
Dangote Sugar Refinery
Dangote Refinery makes the list because it trades significantly below its intrinsic value, meaning it has significant short-term appreciation potential.
The company’s PE ratio is 3.8x, while its EPS is N4.5.
Flour Mills Nigeria
Flour Mills Nigeria is trading on double the strength of this week’s stock pick near its 52-week low and is currently trading below its value.
The food company’s current PE ratio is 5.8x, and EPS is N5.13.
United Bank for Africa (UBA)
UBA makes this week’s list to post a 29 percent rise in first quarter earnings from N41.5 billion to N53.6 billion. The bank’s PE ratio is 1.8x, while EPS is N4.84.
Investment of the Guardian
Choosing a Guardian Investment appears to be trading significantly below its true value today.
Its PE ratio is currently 3.1x, while its EPS is N1.81.
Fidson Healthcare
Fidson makes the cut to trade below its real value. The drugmaker’s PE ratio is currently 3.7x, and EPS is N2.43.
CONOIL
Conoil appears likely to trade below its value, brightening its chances of good price appreciation in the future.
Its PE ratio is currently 3.7x, and its EPS is N2.4.
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