Weekly Market Review & Stock Recommendations – June 20, 2022

Weekly Market Review & Stock Recommendations – June 20, 2022

Some of our recommended stocks are mentioned below; 
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BUA Foods Plc Q1 2022 result showed that revenue advanced by 28.30% from N70.2bn in Q1 2021 to N90.07bn in the current period. Operating profit increased by 14.46% to N26.1bn in Q1 2022 from N22.81bn in Q1 2021. Profit before tax advanced by 16.87% from N21.25bn recorded in Q1 2021 to N24.84bn in the current period. Likewise, profit after tax grew by 18.61% from N19.26bn in Q1 2021 to N22.84bn in Q1 2022. Consequently, earnings per share went up by 18.69% from N1.07 in Q1 2021 to N1.27 in Q1 2022. Bua Foods Plc has a BVPS of N12.42, P/BV of 4.43x and P/E ratio of 10.83x. 
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 MTNN Plc Q1 2022 results showed an increase in revenue by 22.23% from ₦385.32bn in Q1 2021 to ₦470.98bn in Q1 2022. Operating profit advanced from ₦133.11bn in Q1 2021 to ₦179.33bn in Q1 2022, reflecting an increase of 34.72%. Profit before tax grew by 39.42% from ₦102.99bn in Q1 2021 to ₦143.59bn in the current period, despite a 28.65% increase in finance costs. Profit after tax rose by 31.28% from ₦73.75bn in Q1 2021 to ₦96.82bn in Q1 2022. EPS increased by 31.49% to ₦4.76 in Q1 2022 from ₦3.62 in Q1 2021. MTNN has a BVPS of ₦17.54, P/BV of 12.60x and P/E ratio of 11.61x.

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