Where's the Love for the Malawi Stock Exchange?
Stockbrokers Malawi notes that in spite of the World Bank and IMF’s recent cancellation of 90% of Malawi’s $2.9 billion foreign debt, the country’s stock index has not even budged. They go on to mention that observers predict interest rate reductions in the near future.
Our take: With all that good news and the Malawi Stock Exchange valued at less than 10x historical earnings, it’s time to take a nice long look at the market.
Stockbrokers Malawi suggests snapping up some shares of Press Corporation Limited (PCL).
2 comments:
I would tend to agree the the Malawi Stock Exchange is being overlooked. There is an argument that I hear from time to time; the Malawi Market is so small that any trading is likely to cause such huge returns. However, there is another argument which I tend to value-that bargains will only be found under the logs no one has yet turned over.
Interesting look at stock exchange.
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