TP SA shares rise supported by healthy financial data

The bullish trend for TP SA has been observed since August 16, 2004, when the price of shares started to grow steadily and brought the company a 29.5% share price increase. That made TP SA the second fastest growing company in terms of price in the WIG20 group. According to analysts, the good positioning of TP SA on the WSE is a result of the company's improving financial situation, net revenue standing at zł.921 million for Q1, Q2 and Q3 2004, as well as its investments in its mobile phone branch PTK Centertel and data transmission. The share price of TP SA is estimated to remain on the upward trend, receiving share price recommendations from Deutsche Bank Securities at zł.20.4 per share, and zł.19 per share from IDM Kredyt Bank. "The company is relatively cheap in comparison with similar companies in the Czech Republic or Hungary," claims IDM Kredyt Bank analyst Grzegorz Lityński. (Parkiet p.1) M.G.