As the earnings season unfurls, more release of financial statements by corporate
Even though financial performance has been broadly impressive in the first nine months of the year, a couple of sectors have been particularly impressive. In an economy facing a revenue squeeze, the deciding factor for most smart investors will still remain watching out for companies with strong earnings prospects.
PREMIUM
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. You may have to involve your financial advisor before taking investment decisions.
AIRTEL
Airtel tops this week's list for the twin factors of posting a more than twofold rise in after-tax profit for the nine months to September and for deciding to pay its shareholders an interim dividend of
The wireless carrier's profit for that period stood at
MTN Nigeria
MTN Nigeria features on the selection on the basis of a potentially huge boost to its earnings power this quarter and beyond following the telco's Friday receipt of approval-in-principle from the central bank to start a payments service bank.
The conglomerate reported a 671 per cent surge in post-tax profit for the nine-month period that ended in September, supported by an increased turnover of N85.6 months.
Currently priced at N1.04 per share, the stock has an EPS of N0.19 with a PE ratio of 5.52.
UNITY BANK
The lender's earnings Per Share (EPS) stands at N0.21 and its price-to-earnings (pe) ratio at 2.64 before the start of trade Monday. Its unit price is N0.55.
CAP appears on this week's list for currently trading close to its lowest price in 52 weeks, which makes it cheap and a promising entry point for potential investors. The stock is currently priced at N19.50.
Courteville makes this week's pick for trading below its real value. The stock is priced at N0.39 per unit with a PE ratio of 4.64 and an EPS of N0.08.
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