Stocks To Watchout For in 2018, Thanks To The National Budget

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There are a couple  of stocks, that could likely benefit from the government spending. During the presentation of  the 2018 budget to the National Assembly. President Buhari, during his speech highlighted his administration’s achievements in the agricultural sector so far and the plans to do more. Towards the end of his speech, the President again emphasized the need for the Nation to feed itself.

Due to The focus of this budget we think that these are the stocks that will most likely gain from the budget:

Presco Plc: Presco was incorporated in Nigeria on the 24th of September, 1991 as Presco Industries Limited as a private limited liability company, and became a public limited liability company in February 2002. Siat Group holds 60%, while the Nigerian public holds 40%.
The company’s activities include the cultivation of oil palm, and the extraction, refining and fractionation of crude oil palm into finished products.

Okomu Oil Palm Plc: Okomu Oil Palm Plc was incorporated as a private limited liability company on December 3, 1979 as a private limited liability company and converted to a public limited liability company in 1997. Socfinal group of Luxembourg holds 60% of the company’s shares, while 40% is held by Nigerian shareholders. The company is listed on the Nigerian Stock Exchange.

Livestock Feeds Plc: Livestock Feeds Plc was incorporated on 20th of March,1963 and commenced business on 20th May,1963. The companywas quoted on the Nigerian Stock Exchange in 1978. Livestock Feeds is engaged principally in the manufacturing and marketing of animal feeds and concentrates, and is a subsidiary of UACN Plc.

Infrastructure: The 2018 budget devotes a large chunk of capital expenditure to power, works, housing and transportation.While a total of N2.4 trillion was devoted to capital expenditure, Power Works and Housing takes the lion share of N555 billion while Transportation has been allocated N243 billion.

Dangote Cement Plc: Dangote Cement Plc (“the Company”) was incorporated in Nigeria as a public limited liability company on 4th November, 1992 and commenced operations in January 2007. Its parent company is Dangote Industries Limited. Its ultimate controlling party is Alhaji Aliko Dangote.

Lafarge Africa Plc: Lafarge Africa Plc was incorporated in Nigeria on26th February 1959, and commenced business on the 10th of January, 1961. The company is into the production of cement, ready mix cement and Fly Ash.

Julius Berger: Julius Berger was incorporated as a private limited liability company in 1970, and converted to a public company in 1979. The company is into the design, planning and construction of civil engineering and building works.

Cutix Plc: Cutix Plc was incorporated on November 4, 1982 as a private limited liability company. The company was initially quoted on the Nigerian Stocks Exchange and later migrated to the first tier on February 18, 2008.The company is into the manufacturing and marketing of electrical, automobile and telecommunications cable and related products.

 

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Adekemi is a Pastor by calling and Dentist by profession. She is the Co-founder of ‘Komplete Woman’ an organization whose aim is to inspire and mentor young women to discover their purpose early. She is an associate fellow of the Royal commonwealth society. She is passionate about God, writing, poetry and influencing the younger generation to fan the flame of their potential.