As we approach the financial publications of listed companies for the H1-17, we recommend building-up a portfolio of stocks which will almost certainly out-perform the market forecast in terms of earning growth.
We believe that the equity market will continue to attract cash inflows in a context where the bond market remains less attractive. Contrary to the previous period during which the overall market had benefited from the recovery, we believe that the next months will be more selective in terms of performance.
We have selected 4 stocks which will send positive signals to the market during the next month. These are: Cosumar, Total Maroc, CMT and Sonasid. This stock portfolio displays both attractive valuation levels as compared to the Equity market and positive outlook in terms of dividend distribution.