How to Analyse Financial Statement of Companies In Stock Market – Learn How to Check Latest Quarterly Statements of Nigerian Companies – Profit or Loss, Balance Sheet & Cash Flow
I love Nigerian stocks that consistently beat analyst estimates, outperform NSE index without getting ahead of their fundamentals nor risking a massive sell-off. The best stocks to buy are not companies that are rising fast on the temporary news but the ones with sustainable market-beating gains, with robust and improving financial metrics that support strong price growth.
In this guide, I will be sharing practical tips (using Transcorp & Dangote Sugar stocks) to analysing your current stocks so you can quickly get a first-hand buy or sell alert before others.
Transcorp and Dangote Sugar Refinery Plc had just released there audited financial statements to the investing public, you can check it out on the official Nigerian stock exchange website right here for Transcorp and here for Dangote Sugar.
If you own stocks in either or both of these companies, you may want to quickly check whether these stocks are good to hold, or sell-off since the financials tells you how they have performed compared to a previous period. Well, I have been following the companies and can confidently say that, up till their Q3 result, they are absolutely great stocks to own.
Transcorp is not just a profitable penny stock but one of my selected turnaround stocks that are poised to do well this year. One of its subsidiaries is Transcorp Hotel, a hospitality unit that will definitely enjoy higher room booking from top politicians in the forthcoming election. Dangote Sugar was also a top performer, delivering over 200% return in 2017.
Now that they have released their audited statement, should I continue to hold these stocks, you may ask?
Let’s take a look at what the recent results of these stocks tell us about their potential for future gains or sell-off.