Presco, Learn Africa and UBA are the top stocks to watch this week

Nigerian stocks were 0.22% lower last week as the market slipped into correction territory after weeks of successive gains.

As a large number of corporate earnings are still pending, the trajectory of price movement this week could be largely determined by the strength of earnings reports to be released 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.


Presco leads this week’s pick based on posting a jump of more than half in net profit for the three months to March

The palm oil processor posted an after-tax profit of N5.9 billion after revenue more than doubled to N19.6 billion.


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.


UBA is on the pick this week for currently trading significantly below its true value. Friday’s PE ratio was 2.3x, while EPS is N3.49.


Oando makes this week’s pick to currently trade well below its true value

The stock has an EPS of N2.32 and a PE ratio of 2.7x.

READ ALSO: Cutix, United Capital and Oando are the top stocks to watch this week


Flour Mills is poised to trade significantly below its true value, increasing its chances of seeing good price appreciation going forward.

The company’s PE ratio was 5.7x at the end of the last trading session, while its EPS is N6.53.


Fidson features of the pack to currently trade well below its intrinsic value. On Friday, the drugmaker’s PE ratio was 2.1x with an EPS ratio of N5.35.


Sovereign Trust makes the selection to currently trade significantly below its true value, making it cheap for investment. Its PE ratio in the last trading session was 3.3x while its EPS is N0.09.

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