Due to the market's generally positive corporate results for 2022, several stocks are starting to seem nice and are reasonably valued when compared to their earnings.
That appears to have been the primary driver of last week's heightened activity, as evidenced by the more than two-fold rise in transaction size.
It is anticipated that the market's momentum will depend on how remarkable enough financial results are to astonish investors, as the fiscal year 2022 earnings season draws to a close and first-quarter financials start to be revealed.
A variety of attractive stocks are now available to investors who want to look for deals and take a strategic stance; a few of these are mentioned below.
The selection, which is the result of the analytical market watch, provides guidance on joining the market and assuming calculated positions with the expectation that stocks will appreciate over time, especially in the near term.
This is a guide to stock investing, not a buy, sell, or hold suggestion. It might be necessary to consult with your financial advisor before making any investing decisions.
Ecobank Transnational Incorporated (ETI)
This week's winner is ETI, which is selling near its lowest price in 52 weeks and provides a smart entry point for investors looking for companies with potential for capital growth.
The lender's earnings per share (EPS) are N5.4, and its price-to-earnings (PE) ratio is now 2x.
Dangote Sugar Refinery
Dangote Refinery is one of the listed companies that is now trading substantially below its intrinsic value, indicating that there is a good chance that it will appreciate significantly in the near future. The company's EPS is N4.5 and its PE ratio is 3.8x.
Flour Mills Nigeria
This week's stock pick includes Flour Mills Nigeria since it is currently trading below its intrinsic value and near to its 52-week low.
The food company now has an EPS of N5.13 and a PE ratio of 5.8x.
United Bank For Africa (UBA)
This week's list includes UBA after the bank reported a 29% gain in first-quarter profit, from N41.5 billion to N53.6 billion. The EPS is N4.84 and the bank's PE ratio is 1.8x.
Custodian Investment
Custodian Investment is included in the selection since it is presently trading far below its actual value.
At present, its EPS is N1.81 and its PE ratio is 3.1x.
Fidson Healthcare
Fidson qualifies since its present price is less than its real worth. At the moment, the drugmaker's EPS is N2.43 and its PE ratio is 3.7x.
CONOIL
Conoil is included in the selection since it is now selling below its intrinsic value, increasing the likelihood that its price will rise in the future.
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