In fact, the stocks above have all the sex appeal for investors this year. They say the counters still have a lot of upside to burn and will pay a cool dividend or simply give good return on investment.
Analysts polled by businessdigest this week picked the counters based on revenue projections for at least three years and various valuations in order to arrive at the pick.
AICO, CFI, Dawn, Delta, Innscor, Starafrica, Rio Zim, CBZ and FBC are the top ten choices. But CBZ and FBC have been classified as speculative buys for this year.
And no, Econet did not make it to the top 10 picks. But analysts say they are some counters that they cannot risk omitting like Econet.
This is because although fundamentals might point otherwise, technology counters worldwide attract investor interest and enjoy positive investor sentiment.
Meanwhile, insurance concern Fidelity Life Assurance, according to Kingdom Stock Brokers ratings, became the top performer on the bourse between February and December 2009 with its stock recording a 500% growth pushing share price to $0,06 this week.
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Cement manufacturer PPC followed closely reaching a 450% growth during the same period under review. Cash-rich Econet, Natfoods and Nicoz also topped the list.
On the flip side, Steel engineering company Gulliver and Redstar became the worst performers both registering 94% in the negative. Interfresh and NTS which showed signs of positive growth in the last quarter followed after the two entities. Struggling financial concern CFX followed the two registering -86, 67%.
Chris Muronzi & Bernard Mpofu
