2022 to be the year of normalization in the markets: analysts
18:47
Ipopema analysts have selected companies that are worth betting on and those that are better avoided.
"If the signaled acceleration of Fed restraints on bond purchases and the associated early interest rate hikes in 2022 did not plunge markets into anxiety or panic, this would be the ideal scenario for central banks. But the dangers lurk. As long as inflation remains uncomfortably high, central banks may be less willing to pursue dovish monetary policy, even at the risk of markets experiencing wider, more severe falls,” Ipopema analysts wrote.
They estimate the value of the index at the end of 2022 at 2,365 points, i.e. about 6.6 percent more than the current quotes.
The favorites from the banking sector are Pekao, PKO BP, Alior, and ING, with analysts pointing out that they are more cautious about the industry, and the game for a low valuation and higher rates is over.
Top picks from the WSE are: PKO BP, Pekao, Alior, ING, PZU, CEZ, Lotos, Dino Polska, Huuuge, Ten Square Games, 11 bit studios, Orange Polska, PolTreg, Ryvu, Mo-Bruk, Wittchen, Atal and Develia (positive) and CD Projekt, PGE, Tauron, KGHM, JSW, mBank, Mabion, Śnieżka, Astarta (negative).
