16 Octombrie 2009
Top 10 stocks to buy at BSE
Wall-Street has listed the top 10 stocks with a “buy” rating at Bucharest Stock Exchange, after a fundamental analysts carried by Andrei Radulescu, analyst at Target Capital. According to findings of the analysis, the least traded stocks have the highest potential returns.
10. Prospectiuni (ticker: PRSN) - ROE 39%
Prospectiuni reported a net profit of 22.27 million lei (€5.26 mln) in the first six months t his year, a 12-fold increase from the same period of last year, after 86% boost in sales.
9. Aerostar (ticker: ARS) - ROE 42%
ARS reported net profit of 1.36 million lei (€322,000) in the first six months, up 48% from year-ago period.
8. Zentiva (ticker: SCD) - ROE 48%
During August 12 – September 22, the company carried an initial public offering, in which Zentiva Romania’s majority shareholder Sanofi Aventis Europe acquired 3.4% equity for 9.9million lei. Sanofi’s stake in Zentiva currently stands at 78%.
In the first half, SCD shares led the bull run at Bucharest Stock Exchange, with 132.3% growth.
7. Azomures (ticker: AZO) - ROE 50%
Azomures’ sales fell 45% in the first half this year, to 326.65 mln lei (€77.22mln), while net profit crashed to 16.82 mln lei (€3.98 mln).
6. Argus and Cemacon (ticker: UARG; CEON) - ROE 54%
UARG reported first-half loss of 4.71mln lei (€1.11mln), from 23.4 mln lei net profit a year-ago period, as sales fell 41%.
Building material supplier Cemacon Zalau (ticker: CEON) has a potential ROE of 54% and a 12-month price target of 0.14lei/share.
5. Avicola Buzau (ticker: AVZU) - ROE 73%
The company reported first-half loss of 385,000 lei (€91,000), ten-fold lower from 4.1mln lei loss a year ago period, following 16% cut in spending.
4. Impact (ticker: IMP) - ROE 76%
The developer of Greenfielf homebuilding in Bucharest reported a pre-tax profit of 3.27 mln lei in first half, 3% above forecasts. The company’s debt load narrowed by around 30% from 244 mln lei in 2008, to 174 mln lei at the end of June 2009, short-term debt accounting for 25%.
3. Nutricom (ticker: NUTE) - ROE 81%
“Buy” rating and high price target reflects the first-half strong performance and clean balance sheets of the grain fodder producer.
Jan-Jun data show sales increased by 24% year-on-year to 75.8 mln lei (€19.6 mln). In the same period, profit stood at 4.16 mln lei (€0.98 mln), nearly 12-fold higher than a year earlier.
2. Upet (ticker: UPET) - ROE 91%
UPET reported first-half loss of 5.4 mln lei (€1.27 mln) from 14mln lei profit in the same period of last year, due to 58% decrease in sales.
1. Ecopack (ticker: AMCP) - ROE 111%
AMCP reported last year a net profit of around 3 mln lei (€812,500), up 92% from 2007, after 12% increase in sales.