These Three Stocks Could Make You Laugh to Your Bank
By Dipo Olowookere
It is another new trading week and as usual, analysts have penned down three stocks they feel could make you laugh all the way to your bank because of the returns they could fetch you at the end of the year.
It is no news that the market is not encouraging at the moment, but for wise investors, the best time to buy equities is when the market is down and every one wants to exit.
This is because these shares are offered for sale at prices relatively lower than than their normal value and as a result of fear, some holders offload to reduce their losses, while others mop up to sell when things are back to normal.
In the stock picks of analysts at Meristem Research, the three stocks could give a combined yield of 100.90 percent if things turn out as expected.
First on the watchlist is Dangote Cement, which is projected to hit a target price of N217.27k or 30.49 percent.
Also on the radar is GTBank, which they said could fetch holders 25.63 percent return is acquired because it has the potentials of selling at N35.05k per unit later in the year.
Last on the list is NEM Insurance, which Meristem Research said could hit a target price of N2.91k to yield 44.78 percent for its buyers.
In all, what those of us at Business Post will always advise investors is to conduct proper due diligence when buying stocks at the market.