In stocks we trust
Economists with BZ WBK AIB Asset Management are putting construction, trade, IT, media and banks on the 'buy now' list. They are also forecasting growth nearly as strong as the past two years when the market was recovering from a severe recession.
Foreign investors are expected to continue their commitment on the local market due to the large number of IPOs planned for this year and the high liquidity of the market. The trend to move production to Poland for lower costs will continue.
And while the team at BZ WBK AIB are forecasting reasonable GDP figures of five percent, they suggest the stock exchange will show a significant jump in value of 15 percent in 2005.
However, most analysts agree that results are unlikely to match last year's figures. "The expectations have been fulfilled in large part," says Piotr Knopik of BPH Brokerage House. Some companies have already reached very high profit margins that would be difficult to beat. Also, the pre-accession effect has begun to lose its vigor, with a distinct dwindling towards the end of 2004. Knopik is more cautious on speculations for the future. In his opinion, the WSE will grow five to 10 percent in 2005.
B.K.
Foreign investors are expected to continue their commitment on the local market due to the large number of IPOs planned for this year and the high liquidity of the market. The trend to move production to Poland for lower costs will continue.
And while the team at BZ WBK AIB are forecasting reasonable GDP figures of five percent, they suggest the stock exchange will show a significant jump in value of 15 percent in 2005.
However, most analysts agree that results are unlikely to match last year's figures. "The expectations have been fulfilled in large part," says Piotr Knopik of BPH Brokerage House. Some companies have already reached very high profit margins that would be difficult to beat. Also, the pre-accession effect has begun to lose its vigor, with a distinct dwindling towards the end of 2004. Knopik is more cautious on speculations for the future. In his opinion, the WSE will grow five to 10 percent in 2005.
B.K.
