Shareholders should have a 3-year view / market’s eyes on the reports of three listed companies

According to Tejarat News, the total stock index this week was about four percent negative. Experts believe that the 9-month reports of large companies, which will be published by Friday, will determine the course of the stock market in the coming weeks.

Mostafa Majd, a stock market expert, said that many companies published their 9-month reports. Meanwhile, the reports of some large companies such as Bank Mellat, Arfa Steel and Zobahan were not good reports.

He continued: The eyes of the market are on the few remaining companies, including Tehran Oil Refinery, Isfahan Mobarakeh Steel and Zagros Petrochemical. If the reports of these companies are positive, the Saturday market will have a balanced and growing trend. Otherwise, the Saturday market is a bloodbath.

The stock market expert stated: The P / E of most shares is currently around three and four. The stock is likely to trade at the same P / E for the next three years. The view of shareholders must be more than three years. Go for stocks that have a good P / E and a good, consistent dividend. Although they may not be well for the next three years, they will get better after that.

Read the latest stock market forecasts every day at 5:00 PM on the Forex Trading News page.