HOW TO SELECT BEST STOCK TO BUY THROUGH BRANCH NETWORK AND GLOBAL PENETRATION
In these modern times the world has been reduced to a global village. The better a quoted company expands and develops locally and internationally (OFF SHORE) the more a higher returns will impart positively on the organization in the interest of the shareholders. It is therefore expedient for an investor to find out how the company he or she needs to buy its shares is expanding its business both at domestic and international level. For instance, in the banking industry in Nigeria First Bank of Nigeria (FBN) and United Bank of Africa (UBA) plc have maintained their leadership positions in local branch network and their global penetration. No wonder UBA plc pride itself as the African Global Bank. It is note worthy to mention here that the income from foreign exchange transactions their off-shore market will impart positively on their operations result to put a smile on their shareholders. Recently, Oando Nigeria plc as return to West African Countries. It is expected that their 2008 financial report will definitely surpass the result of the 2007 reports. The investors should know that deep penetration into an off shore market is an indication of formidability, strength and juicy promise to the shareholders.