Sunday, November 25, 2007

Falling banks and developers.

Trading at Czech Stock Exchange goes in similar direction like in other stock markets. Mainly banks and developers are dropping. Look at Erste bank which lost 35% in last month. Company's fundamentals are healthy with P/E ratio 11 and P/BV 1,7. Contrary is Komercni banka (Société Générale) which is traded close to all time high.
Developers Orco, ECM lost on average 10% in last week. On the other side commodities price rise is helping others. Energy giant CEZ and petrochemical and oil company Unipetrol are gaining even during sell off.


1 Response to "Falling banks and developers."

Anonymous said... November 26, 2007 at 8:40 AM