TO take advantage of low prices of stocks, FBN Quest research team emphasised the need for investors in the stock market to increase their portfolios.
At an interactive session held virtually, the analysts said prices of some stocks in the banking and telecommunications sectors are currently undervalued.
They believed stock market investors could accumulate shares of companies under these sectors and a few others because of their huge future value.
According to the Head of Equity Research at FBNQuest, Mr Tunde Abidoye, 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.”
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.
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