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Top-5 Nigerian Equities League for the week commencing 13 January, 2014

Category: Stock PICKS


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Top-5 Nigerian Equities League for the week commencing 13 January, 2014

Monday, January 13, 2014 / Morgan Capital**

Bellwethers rally, as market closes trading week in the green
The Nigerian Stock Market closed the trading week in the green; the all share index ended the week at 41,480.62 with stocks of bellwethers like Unilever, WAPCO, Guinness and Flourmills all recording moderate gains. Oando also rebounded in the course of the week as investor’s optimism on the stock continues to move the price of the stock to new highs. Going into the new trading week, we expect investor’s optimism on stocks with good dividend history to sustain another week of gains

We urge our subscribers to continue to invest based on the principles of sound fundamentals at good entry prices bearing in mind that in a bear market, stocks with good fundamentals have the capacity to retain value, and even when their prices crash, they are the quickest off the mark in price appreciation when the market sentiment becomes bullish.


Top 5 Nigerian Equities League for the Week commencing [13/01/2014]


Commentary

FBNH, climbs to the top of the log on the league table for this week with a potential upside of 24.60% from current price to our estimate fair value. Our dividend expectation for FY 2013 is N1.00 per share

Dangote Sugar drops to the second position on our league table. The company currently has an upside potential of 17.99% from current price to our estimate fair value. Our dividend forecast for the stock is 60K

Total Nigeria climbs up a notch to the third position on the league table for this week. The stock remains well positioned in the downstream oil marketing sector despite its many challenges. Total stock has a potential upside of 12.68% from current price to our estimate fair value. Our forecast dividend for FY 2013 is N12.50

Access Bank comes in at the fourth position on the top-5 league table this week after the stock made its debut on the league table some weeks back. The Bank currently has an upside potential of 10.83% and our dividend expectation is 50K

Julius Berger returns to the league table after the construction company shed some weight in the course of the week. The Company currently has an upside potential of 9.39% and our dividend expectation is N3.00.

For other stocks that make up the top ten on our league table and other company specific research reports, investors can send their enquires to customercare@morgancapitalgroup.com. Our research is based purely on fundamentals and emerging verifiable information.

Kindly note that our league table is subject to change based on fluctuations of market prices and/or a review of our fair value estimates. These reviews are based on fundamentals and verifiable information coming from the companies
.

Click Here to Download Full Report

Related News:
1.
Top-5 Nigerian Equities League for the week commencing 6 January, 2014

** Disclaimer/Advice to Readers:
While the website is checked for accuracy, we are not liable for any incorrect information included. The details of this publication should not be construed as an investment advice by the author/analyst or the publishers/Proshare. Proshare Limited, its employees and analysts accept no liability for any loss arising from the use of this information. All opinions on this page/site constitute the authors best estimate judgement as of this date and are subject to change without notice. Investors should see the content of this page as one of the factors to consider in making their investment decision. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions. This article is published with the consent of the author(s) for circulation to the online investment community in accordance with the terms of usage. Further enquiries should be directed to the author whose e-mail is MorganCapital Group [research@morgancapitalgroup.com} 



Tags: Top-5 Picks,  Nigerian Equities,  investors,  Equities market,  banking stocks,  Nigerian Bourse,  P/E multiples,  JBERGER,  FBNH,  DANGSUGAR,  ACCESS,  TOTAL, 



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