Buy, hold or sell? – Parquet

Buy, hold or sell? – Parquet

Buy, Hold or Sell? Here is the latest recommendations of analysts for the shares of the Warsaw Stock Exchange.

Source: Fotorzepa

by Gregory Psujek

Here is the latest recommendations of the analysts for the shares of the Warsaw Stock Exchange.

Grow valuation Ciech

Specialists DM mBank in the report of 29 September ahead to 41.6 from 35.9 zł zł price target Ciech. I still recommend keeping them in their portfolios. On Friday, the chemical company’s securities could be purchased after 40.49 zł. “Good results for the second quarter and accelerate key investments schedules prompted us to increase EBITDA forecasts for the years 2015-16, and also in the context of a booming corporate bond market also adopted a more optimistic assumptions for the parameters of refinancing debt” – the report says. The authors indicate that in the coming quarters, there may be a slight negative surprise at both the income statement and cash flows. “Risk are also outlined plans for international expansion that could sustain market concerns about the issue of shares” – you can read in the explanatory memorandum. According to analysts DM mBank in 2014. Ciech will have 3.14 billion zł revenues (3.5 billion zł year ago) and 90 million zł net profit (49.4 million zł.) In 2014. turnover decrease to 3.04 million zł but net earnings will reach nearly 143 million zł.

DM PKO BP commercial companies

Analysts DM PKO BP in the report of 26 September ahead to “hold” from “sell” recommendation for Eurocash earlier. Price Target shares rose to 32.1 against 31.7 zł zł previously. recently on the dance floor commercial advantages of the company’s cost 32 zł. Experts consistently recommend also buying securities Emperia that valuations to 69.1 zł. An earlier report target price reached 51 zł. On the Stock Exchange on Friday, the share was 49.51 zł. authors expect that the second half may be for Eurocash slightly better than the first six months but it will be mainly the merit of the low base of last year. According to analysts, the company did not improve and in the second half of the year cash flows. By the end of fall may, however, net debt in relation to income. In the case of Emperia, due to market stagnation and deflation trade in food prices in the second half of specialists do not expect a significant recovery in sales growth. They assume that in the coming quarters Emperia will systematically decreased logistics costs. Since the beginning of next year, the company can start making money on their own logistics solutions.

“Buy” Bogdanka

Specialists Societe Generale started from the recommendation “buy” recommendation for the issuance of Bogdanka. On Friday, the values ​​of hard coal mining company paid 112.75 zł.

It is better for Decora

Analysts DM BOS in the report of 25 September ahead to “buy” from “hold” recommendation for Decora. Still valuations of its shares for 9.28 zł or 43.8 percent. more expensive than the stock market (6.45 zł).

“Buy” Global City Holdings

Specialists DM PKO BP in a report ahead of the September 25 to 44 1 zł from 42.6 zł earlier valuation of Global City Holdings. consistently recommend buying them. On the previous session values ​​cinema operator cost on the Stock Exchange at 39.31 zł.

“Buy” WSE

Analysts DM PKO BP in the report of 25 September reiterated “buy” recommendation for the WSE. Price target company’s shares has been set at 46 zł. On the dance floor securities can be purchased on Friday after 37.85 zł. The authors write in the explanatory material that, taking into account the risks that could result from a potential alliance of our stock exchanges of Vienna (valuation, integration, supply-side overhang), the decision to withdraw from the transaction evaluate positively. In their opinion, better than the worst-case scenarios also proved to be the final entries to pension funds (in the system will remain approx. 23 percent. Previous contributions). Experts point out that the new board has announced an update strategy at the turn of October and November. Expect that will contain information on the dividend policy, the potential acquisition package NDS, improve liquidity in the spot and futures markets and the acquisition of new issuers.

Grow valuation KGHM

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