Czech markets  |  4.4.2013 19:31:24

Domestic market, despite a number of positives still can not / EXPERT - shares: Week 1 4th 2,013


Although many global markets recently recorded multiyear highs, domestic stocks rather to the end of March saw six months minimum. This is despite the expected annual dividend spring season. The context and record low interest rates, the lack of it may seem surprising. In addition to its positive impact on the dividend rate are of course other factors such as CEZ negative developments in the energy sector or the Balkans, or in TELEFÓNICA O2 particular uncertainties regarding LTE auction. Today, in my next "duck" regarding the sale of shares by the Spanish company Telefónica would logically but should subside. In particular, the above-mentioned two titles in my dividend experienced inadequate fall and expected dividend yield is that they got at historically above-average level.

The domestic market seems to be underestimated in comparison with neighboring foreign markets. Shares in Poland this year, like losing domestic market. In terms of profitability (of P / E) or even mentioned dividend yield seem to be in the region was the only competitors. When comparing the above mentioned parameters with the Hungarian, Austrian and especially the German stock market otherwise PSE now appears to be the most attractive (the cheapest).

Looking at the domestic market in terms of "art" in February PX came from the growth trend of that in recent months, mainly looking after both Austrian titles. PX hopefully found at levels 950 points support and see you with him in the near future a higher value. Boundaries 1000 points now, however, will be very strong resistance.Approaching the decisive date for entitlement to the dividend by many titles, including the PX, could help now above. Podividendová subsequent correction but instead will have a negative impact on the index. Recall that only about 6 weeks following the decisive date for dividend "hit" Erste, KB, VIG, PHILIP MORRIS and TMR. The dividend later this year, is still waiting for companies CEZ, Telefonica O2, and FORTUNA PEGAS. Of the 14 originally catchment emissions as dividends to shareholders this year will also see just 9 of them, which is not a bad result.

George Ramakrishnan BH Securities


Expert opinions on the future development of selected stocks on the Czech capital market in the next month and a half, a week from 1 4th 2013th


The estimate for the period from 1 4th to 29 4th 2013 (1 months)

Name
Attractiveness
Price
(Tuesday)
Definitely
buy
Buy
No
action
Sell
Definitely
sell
UNIPETROL
^
169
1
2
2
1
0
NWR
^ 17
71
1
1
3
1
0
PEGAS NONWOVENS
^ 17
502
1
2
1
2
0
ERSTE BANK GROUP
^ 17
574
0
4
0
2
0
VIG
0
982.5
0
2
2
2
0
CETV
ˇ -8
83.4
0
2
1
3
0
ČEZ
ˇ -25
597.5
0
1
2
2
1
TELEFÓNICA O2 CR
ˇ -25
307.2
0
1
1
4
0
COMMERCIAL BANK
ˇ -42
3,930
0
1
1
2
2
PHILIP MORRIS CR
ˇ ˇ -67
11519
0
0
1
2
3


The estimate for the period from 1 4th to 30 9th 2013 (6 months)

Name
Attractiveness
Price
(Tuesday)
Definitely
buy
Buy
No
action
Sell
Definitely
sell
NWR
^^ 50
71
1
4
1
0
0
PEGAS NONWOVENS
^ ^ 50
502
1
4
1
0
0
ERSTE BANK GROUP
^ 42
574
1
3
2
0
0
VIG
^ 33
982.5
0
4
2
0
0
UNIPETROL
^ 25
169
1
1
4
0
0
CETV
^ 17
83.4
0
2
4
0
0
ČEZ
^ 8
597.5
1
2
1
1
1
COMMERCIAL BANK
0
3,930
0
1
4
1
0
TELEFÓNICA O2 CR
ˇ -25
307.2
1
0
1
3
1
PHILIP MORRIS CR
ˇ -25
11519
0
1
1
4
0

Rating this week performed:

  • Michal Chrvala - Active Capital
  • George Ramakrishnan - BH Securities
  • Hana Hradilová, Milan Nedbálek - FINANCE Zlín
  • Patrick Hudec - Generali PPF Asset Management, a fund manager společnost
  • Karel Handbag, Miroslav Hlavoň - CAPITAL GRANT
  • Dušan Reactive - UniCredit Bank Czech Republic

Statistics deals with ten of the most liquid stocks traded on the PSE. The tables contain a summary of the estimates of experts listed. The column "Price" the Monday course selected titles from which to its estimates experts came out. With this value estimates will be after a period of one to six months, compared to evaluate success. The column "Attractiveness" the weighted average number of views and can take values ??from -100 to +100. Number of views "Sell", "Buy", etc. is published in other columns.
Note: Ratings are in the form of non-binding opinions, whether a security would be advisable to buy or sell with regard to the expected development 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.

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Domácímu trhu se i přes řadu pozitiv stále nedaří / EXPERT - akcie: týden od 1. 4. 2013

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