Merrill Lynch analyst advises to invest in Polish shares

APA - Austria Presse Agentur
opublikowano: 02-02-2005, 12:11

Warsaw (Puls Biznesu) – Jacob de Tusch-Lec, Merrill Lynch strategist, warns that 2005 will not be as good for the stock market as 2004. World economy will grow more slowly, therefore he advises to buy companies, which do not depend on the economy growth very much. Besides, emerging markets, and Poland especially, will remain growth regions.

Warsaw (Puls Biznesu) – Jacob de Tusch-Lec, Merrill Lynch strategist, warns that 2005 will not be as good for the stock market as 2004. World economy will grow more slowly, therefore he advises to buy companies, which do not depend on the economy growth very much. Besides, emerging markets, and Poland especially, will remain growth regions. ‘Paradoxically, it is good for you to be loosely connected with world’s economy. Despite political and budget problems, Polish economy has more solid growth bases than Slovakia, the Czech Republic and Hungary’, Jacob de Tusch-Lec said. In his opinion, London investors appreciate Polish shares, which are relatively cheap, while economic growth dynamics is the highest.

However, among 30 companies, which the investment bank enumerates as those, which will grow thanks to EU enlargement, there is no Polish firm. PKN Orlen fuel giant has disappeared from the list. ‘We are interested in big companies with big liquidity, which is rare on the Warsaw bourse. Investors do not have to buy companies from the region to take advantage of its dynamic growth. It is enough to invest in Western European companies engaged in Central and Eastern Europe’, the analyst explained.Poland/Economy/Stock market

 

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Podpis: APA - Austria Presse Agentur

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