The technical analysis team at Thndr has put together a list of the 11 top companies to invest in in 2021. If someone invested equally in all these 11 companies at the beginning of 2021, they would have guaranteed a 40% return, according to the investment platform.
The list is based on the closing price of the stocks on 31-12-2020. Thndr stated “We do not recommend the use of technical analysis as a sole means of making investment decisions. We do not recommend making hurried trading decisions. You should always understand that analysis expires once the target price is reached.”
Without further ado, here are the top 11 companies:
Dice Sport and Casual Wear
The apparel and luxury wear company is at the top of the list, with an estimated return of 53%. The company is valued at $69.3 million.
Sedi Kerir Petrochemicals
The oil and gas company was founded in 1997 and today, it is estimated to value $5.82 billion. It’s estimated return on investment is 50%.
Ezz steel
It’s no surprise that the leading manufacturer of steel in the region made it to the list. Ezz Steel’s estimated return according to Thndr is 49%.
Speed Medical
Speed Medical started trading its shares on EGX in December 2020 and yet it has made it onto this list. It is the company that emerged a winner from the pandemic. Its estimated return on investment is 46%.
Elsewedy Electric
The Elsewedy company is another company that company that is expected to be on this list, with an estimated return of 43%.
TMG
Talaat Mostafa Group is one of the biggest conglomerates working in real estate, construction, manufacturing and agriculture. Its estimated return on investment is 40%.
Egyptian Natural Gas Holding
The company is valued at $731 million and has an estimated return on investment of 38%.
Alexandria Mineral Oils Company
The oil and gas company which has over 500,000 square meters of manufacturing facilities has an estimated return of 35%.
Ghabbour Auto
The car manufacturer is valued at $3.88 billion with an estimated return on investment of 33%.
EFG Hermes
The financial services company operated in 12 markets across 4 continents. Thndr’s estimated its return on investment at 30%.
SODIC
The real estate company founded in 1996 has an estimated return on investment of 25%.
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