Trigon DM analysts identify undervalued stocks on Warsaw Stock Exchange

Analysts from Trigon DM have released a series of recommendations for companies listed on the Warsaw Stock Exchange, noting that many stocks remain undervalued despite recent market highs. The November report suggests a more constructive approach to markets, particularly in the US, as valuation indicators have decreased while global investment cycles support economic growth.

Among the specific recommendations, Enter Air is highlighted as a potentially undervalued candidate. Analysts suggest a target price of 73 PLN, significantly higher than its market valuation of approximately 49 PLN. The airline has reportedly mitigated high fuel costs through hedging and fuel surcharges, and management expects improved results following a solid summer season.

Trigon DM maintains a list of 15 top picks for November, which includes Allegro.eu. While the firm sees potential in various sectors, it notes that the Polish market may face short-term challenges regarding attractiveness to foreign investors due to domestic political tensions and pressure on the currency and bond markets.