FBNQuest Shares Attractive Investment Opportunities for Stock Investors
By Modupe Gbadeyanka
The need for investors in the stock market to increase their portfolios now that prices are depressed has been emphasised by the FBNQuest research team.
At a virtual interactive session with financial journalists recently, the analysts said prices of some stocks in the banking and telecommunications sectors are currently undervalued.
According to them, stock market investors can accumulate shares of companies under these sectors and a few others because of their huge future value.
“Information drives an investor’s ability to read and monitor the market. We think our research capability sets us apart in the Nigerian market and underpins our value approach to investing in private and public companies.
“We are delighted to share our views and add value to the socio-economic discourse,” the Head of Equity Research at FBNQuest, Mr Tunde Abidoye, stated.
While speaking on the outlook for the financial markets and the economy, the FBNQuest research team projected a moderate economic recovery in 2021 for Nigeria as influenced by the COVID-19 pandemic.
On her part, the Managing Director of FBNQuest Funds Limited, Ms Ijeoma Agboti, said the company was raising awareness on the opportunity of private equity for portfolio enhancement, in addition to the use of traditional investing assets.
She said FBNQuest Funds is focusing on developing a broad platform that will provide diversification and return-enhancing products for clients through various alternative asset classes.
“Since we were established in 2003, FBNQuest Funds Limited has deployed in excess of N20 billion in over 70 companies and assets across various portfolios, and we have continued to partner with our portfolio companies to deliver growth, capital and provide value-creation support.
“We believe in working closely with our clients to deliver solutions that fall within their specific risk tolerance boundaries and meet their overall portfolio objectives,” Ms Agboti said.
FBNQuest has been recognized for outstanding transactions delivered, receiving the award for Deal of the Year – Africa – Restructuring.
It also received three awards from EMEA Finance for the Best African Sukuk for the FGN N100 billion Sukuk, Best Local Investment Bank (Nigeria) and Best Asset Manager; as well as the FMDQ Gold Award for Most Innovative Registration Member.