United Capital, Fidelity Bank and Presco are the top stocks to watch this week
Over the past week, interest in stocks, as measured by trading volume, rose 28.7% week-over-week.
This confirms investors’ growing confidence in the outlook for equities at this time, making it easier for them to position themselves ahead of further declarations of dividends and bonuses as the market waits for further corporate results.
United Bank for Africa’s financial report for last year is due shortly and that of Dangote Cement could be delivered around the weekend, two major corporate actions that could indicate the direction of the market this week. .
PREMIUM TIMES has brought together a number of stocks with fundamentals and other potentials, taking key analytical approaches to save you from having to choose haphazardly which stocks to invest.
The selection, a product of market intelligence, offers a guide to entering the market and taking strategic positions in the hope that stocks will rise in value over time, especially in the short term.
This is not a buy, sell or hold recommendation, but a stock investment guide. You may need to involve your financial adviser before making investment decisions.
United Capital tops this week’s selection on their recent dividend declaration N1.50 per share for 2021 compared to the N0.70 it paid the previous year.
Last week he announcement an after-tax profit of N11.3 billion for last year, 44% more than in 2020.
The investment bank earnings per share (EPS) Friday was N1.71, with a price/earnings ratio The ratio (PE) is 7.02x.
Fidelity Bank is choosing to currently trade significantly below its true value, which improves the possibility for its shares to appreciate significantly in the future. The lender’s EPS at the end of the last trading session was N1.32 with a PE ratio of 2.29x.
Presco is on the trade list below its true value at the moment, bolstering the prospect of seeing reasonable improvement in its share price going forward.
The palm oil processor reported a 258.6% growth in profits for fiscal 2021 after a nearly double increase in revenue.
On Friday, Presco’s PE ratio stood at 5.51x at EPS of N18.87.
Sterling Bank is in the pick to currently trade below its true value, making it cheap for investment. The lender’s PE ratio at the end of the last trading session was 3.59x, while its EPS is N0.45.
REGENCE INSURANCE INSURANCE
Regency Assurance is currently trading well below its real value. Its EPS is N0.10, while its PE ratio was 3.98x at the close of trading on Friday.
TOTALENERGIES MARKETING NIGERIA
TotalEnergies makes the selection to currently trade below its intrinsic value. On Friday, the energy company’s PE ratio was 5.38x at EPS of N49.26.
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