Czech markets  |  December 09, 2010 15:55:16

PSE growth abroad may envy, lags / BIG EXPERT - shares: a week from 6 12th 2010


The Prague Stock Exchange was reflected from the boundary over 1100 points, a level close to this year's lows, which came at the end of the month under pressure from debt problems PIIGS countries, expanding the spreads on bond markets and central weakening currencies. Since then, PX, driven mainly by better sentiment in bank titles, strengthened by about 6% to around 1170 points. Revenue +5% since the beginning of the year, however, compared with U.S. markets, or even the German DAX index lags when there are more than 10% below their peaks this year from the end of April. For calming the situation were supportive action of the ECB and the positive developments and macrodata fiskálu for 2011 in the USA. Banks have also benefited from the results of stress tests, which reaffirmed the fundamental strength of the Czech banking sector and capital good amenities.

While there is an incoming macroeconomic data for the Czech Republic generally perceived as weaker - a decline in retail sales, instead of the expected growth, lower growth of industrial production and unemployment at the level of expectations - on the Czech stock market is not, as is already customary, moreover, no effect.

From corporate events worth mentioning NWR rejection of the tender to take over the Polish Bogdanka, interjections about 3% stake in Unipetrol market price (traded daily volume of nearly 6 million units by far the largest in four years) and especially the events in the ECM Real Estate Development. First Municipal Court in Prague stopped a proposal to its insolvency, and then the developers managed to zrestrukturalizovat debt.Development of the shares in the company so it is simply described as a very volatile: the rapid decline of CZK 100 CZK followed under 85 soared up to 115 CZK per share.

Life was also on the part of analysts, while Commercial Bank, Erste Bank and Cyrrus in recent days updatovaly their models and introduced new recommendations for the Czech titles. Unipetrol sold with cílovkou 173 CZK from commercial banks and reduce by Erste Bank. Buy recommendations given by Erste Bank Cyrrus. Erste Bank has recommended commercial bank to hold (with a view of 3850 CZK) and Cyrrus buy (CZK 4,500). If O2 is the recommendation from Cyrrus and Erste Bank consistently accumulate (with a target price of close to 450 CZK) and finally, CEZ, which has received stick from the Commercial Bank (816 CZK) and accumulate from Erste Bank and Cyrrus.

Patrick Hudec, Generali PPF Asset Management,
fund managers společnost

Expert opinions on the future development of selected stocks in the Czech capital market in the next month and a half, a week from 6 12th The 2010th


The estimate for the period from 6 12th 2010 to third First 2011 (1 month)

Name
Attractiveness
Price
(Monday)
Definitely
buy
Buy
No
action
Sell
Definitely
sell
NWR
33
229
0
4
2
0
0
FORTUNA
17
93.39
0
2
4
0
0
CETV
17
376
0
2
4
0
0
CEZ
17
778.6
0
2
4
0
0
COMMERCIAL BANK
8
4293
0
A
5
0
0
TELEFÓNICA O2 CR
0
389.4
0
0
6
0
0
PEGAS NONWOVENS
0
444
0
0
6
0
0
PHILIP MORRIS CR
0
10 299
0
0
6
0
0
UNIPETROL
-8
202.9
0
A
3
2
0
ERSTE BANK GROUP
-17
814
0
0
4
2
0


The estimate for the period from 6 12th 2010 to 6 6th 2011 (6 months)

Name
Attractiveness
Price
(Monday)
Definitely
buy
Buy
No
action
Sell
Definitely
sell
NWR
50
229
A
4
A
0
0
FORTUNA
50
93.39
A
4
A
0
0
CETV
50
376
A
4
A
0
0
CEZ
50
778.6
A
4
A
0
0
TELEFÓNICA O2 CR
50
389.4
0
6
0
0
0
PEGAS NONWOVENS
42
444
A
3
2
0
0
ERSTE BANK GROUP
17
814
A
2
A
2
0
COMMERCIAL BANK
8
4293
0
3
A
2
0
UNIPETROL
8
202.9
0
2
3
A
0
PHILIP MORRIS CR
0
10 299
0
2
3
0
A

Comparison:

Look also to the estimates made ??last and before last week.
All estimates can be seen in the section Expert BIG .


Reviews carried out in this week:

  • Michal Chrvala - Active Capital
  • Libor Bucek, John Mach, Milan Nedbálek - FINANCE Zlin
  • Patrick Hudec - Generali PPF Asset Management, a fund manager společnost
  • Charles handbag, Miroslav Hlavoň - CAPITAL GRANT
  • Premysl Nevlud - LUTHERUS
  • Dusan Reactive - UniCredit Bank Czech Republic

Statistics deals with the ten most liquid stocks traded on the PSE. The tables contain a summary of estimates of experts listed. The column "Price", says Monday's rate of selected titles from which experts in their estimation was based. With this value are estimates after a period of one to six months compared to evaluate success. The column "attractiveness" the weighted average number of different views and can take values ??from -100 to +100. Number of views "Sell", "Buy," etc. is published in other columns.
Note: Assessment takes the form of non-binding opinion, whether a security should be to buy or sell in anticipation of developments in the next one month and a half year. The fact, however, may substantially differ from the estimates of experts. Experts even Kurzy.cz assume no responsibility for these differences.

Was this article: 10 | 8 | 6 | 4 | 2 | 0




Pražská burza může zahraničí růst závidět, zaostává / BIG EXPERT - akcie: týden od 6. 12. 2010

Diskuze a názory

Na dané téma nejsou žádné názory.


Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze
Kurzy.cz - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2017

Kurzy.cz, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688