january 2006 ncb stockbrokers ltd 3 george s dock ifsc dublin 1 member of the irish stock exchange london authorised by financial services regulatory authority under act 1995 regulated for conduct investment in uk analyst certification and other important disclosures see section at end document equity sales 353 670 2233 44 207 423 5200 equities more to play outlook table contents further gains prospect page 2 market 10 picks financials life & permanent bank ireland our top 4 construction building materials crh stands out again 8 industrials transportation ryanair dcc tullow favoured 9 food beverage iaws c&c lead 11 pharmaceuticals healthcare good momentum 13 media telecoms technology inws pick 14 iseq 20 etf low cost effective option proves attractive 16 economy remains bouyant 17 companies