We feel that at their present prices, CEZ (CZK 87) and KB (CZK 735 this morning) are very attractively priced. With CEZ, our recommendation consistently “buy”, with a target price of CZK 144 per share. In the case of KB, our recommendation (short-term hold, long-term accumulate) is to accumulate in times of the stock’s periodical weakness, and in light of our target price (CZK 955 per share), we consider yesterday’s closing price attractive enough to purchase the stock. (These recommendations and target prices do not represent a change of our investment opinions.)
(Ondřej Daťka)