Weekly Market Review & Stock Recommendation – September 26, 2022

By Yahya Abdulrahman All Research, Weekly Report and Stock Recommendation Comments Off

Some of our recommended stocks are mentioned below;

Dangote Sugar Plc is projected to have a Q3 2022 revenue of N266.87bn, up by 36.50% from N195.5bn in Q3 2021. Profit after tax is estimated to grow from N15.51bn in Q3 2021 to N23.27bn in Q3 2022 with an EPS of N1.74.Dangote Sugar Plc Q2 2022 results showed an increase in revenue by 40.55% from N131.95bn in Q2 2021 to N185.46bn in Q2 2022. Operating profit advanced from N23.48bn in Q2 2021 to N34.12bn in Q2 2022, reflecting an increase of 45.29%. Finance income increased by 286.06% to N1.95bn in Q2 2022 from N504.46 million. PBT went up by 58.54% from N18.76bn in Q2 2021 to N29.73bn in the current period. PAT grew by 60.58% from N12.61bn in Q2 2021 to N20.24bn in Q2 2022. EPS rose by 61% to N1.67 in Q2 2022 from N1.04 in Q2 2021. Dangote Sugar Plc has a BVPS of N11.26, P/BV ratio of 1.47x and P/E ratio of 4.96x.

FCMB Group Plc is projected to have a Q3 2022 revenue of N186.71bn, up by 24.91% from N149.47bn in Q3 2021. Profit after tax is estimated to grow from N13.81bn in Q3 2021 to N17.24bn in Q3 2022 with an EPS of N1.92. FCMB Group Plc Q2 2022 result showed that gross earnings rose by 34% to N126.22bn in the current period from N94.23bn in Q2 2021. Interest income advanced by 35% from N72.67bn in Q2 2021 to N98.09bn in the current period. Net interest income grew by 39.93% to N60.17bn in Q2 2022 from N43bn in Q2 2021. Profit before tax increased by 73.15% from N8.91bn recorded in Q2 2021 to N15.43bn in the current period. Profit after tax advanced by 80.8% from N7.56bn in Q2 2021 to N13.66bn in Q2 2022. Consequently, earnings per share went up by 81.58% from N0.38 in Q2 2021 to N0.69 in the current period. FCMB Group has a BVPS of N12.77, P/BV of 0.25x and P/E ratio of 2.35x.

Please find here our weekly market & stock recommendation.

Weekly Market Review & Stock Recommendation – September 26, 2022

Weekly Market Review & Stock Recommendation – September 26, 2022

Share this post

Author

Related Posts