According to Proshare For the Financial Year 2013, the Construction/Real Estate sector recorded a relatively low and unimpressive performance on the Nigerian Stock Exchange with an average return of +2.52%.

The sector which is expected to directly impact the life and living conditions of the Nigerian populace, with an aftermath effect in the result performance of firms engaging in the business,remains untapped by most investors due to its poor performance.

A delve into the monthly returns of stocks in the construction/real estate sector reveals that JBERGER recorded the highest figure with +8.97% average returns recorded,followed byUAC-PROPwhich recorded +3.15% average return.On the other hand, COSTAIN records-3.38% average returns in the year, while ARBICO recorded -1.58% negative returns to both lead from behind. ROADS and SMURFIT also recorded negative return during the period, while the remaining stocks in the sector closed flat.

 

A supplementary examination on the YTD returns of the stocks listed in theconstruction/real estate sector reveals that JBERGER posted the highest return with+99.13% YTD gains, closely followed byUAC-PROPwith +53.81% YTD gains recorded.COSTAIN recorded a negative return of -59.02% while ARBICO, ROADS and SMURFIT also recorded negative returns.

A re-examination of the best performers in construction/real estate stocks under the result screener tool shows that UAC-PROPtops the best performers table, while ARBICOfollows withSMURFIT and PNG making third and fourth spots, respectively.

The worst performers review was led byGCAPPA, while COSTAIN and ROADS follow closely on the worst performers list.

 

UHOMREIT had the highest EPS figure with 945.57k recorded, while SKYESHELT and JBERGERboth recorded 4.66k and 3.15k EPS respectively, as GCAPPAand three other stocks recorded negative EPS figure.

Amongst the stocks listed in this sector,JBERGER is the most capitalized stock with N82, 800.00 mln Market CAP while PNGand UAC-PROPfollow closely with N33, 340 mln and N25, 341 mln Market CAP, respectively. SMURFIT and ROADSare the least capitalized in the sector.

The performance in the sector is not investor friendly,since most of the stocks are not doing well based on revelations from latest analysis. However, opportunities abound in the sector since the country is still developing, with majority of the populace still in need of most of the services rendered by the companies in the sector.

 

2014-01-04