2024-04-30 05:12:57
Despite the fact that the General Index on the Athens Stock Exchange meters profits of 12.5% in 2024figuring in highest level in 13 yearsit’s clear that several stocks are still underperforming, offering plenty of upside and serving as a valuable fallback.
For example, her stock Alpha Bank it is almost 8% away from the 12-month and 4-year highs of 1.79 euros, at the same time that the remaining three systemic banks are constantly “piercing” their ceiling, with consecutive multi-year records. All this, while Alpha Bank has a P/E multiple ratio of 7x and a P/BV ratio of 0.5x.
The same is the case with him OTE, whose share, although close to the highs of the year (14.4 euros), is still short of the “peaks” of 2022 (18.4 euros). After all, the change in the listed company in the last 12 months is considered disappointing (+8%) compared to the rest of the blue chips (+33%) or the General Index (+32%).
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At the same time, its stock EYDAP, conspicuously ignoring the rally of the past several months, is well off the 10-year highs of €9 hit in mid-2021, with its market capitalization having fallen to the €600m range. In fact, the stock is still below 6 euros, having a gap of 5.5% in relation to the highs of 2024.
The same applies to ELVALHALCOR, which despite a strong start to the year, has fallen into a state of prolonged accumulation, unable to break the 2 euro resistances. Somehow, the distance from this year’s high of 2.4 euros exceeds 20%. At about 14%, the gap from the highs of the year is determined and at Viohalcothe valuation of which (1.46 billion euros) undoubtedly does not reflect the true value of the Group.
THE Participation Quest, finally, it is also among the stocks that have a consistent underperformance, as it is at least 10% away from the 12-month “peaks” of €6.70 and has a change of just +6% compared to the beginning of the year, resulting in the stock market value not to exceed 650 million euros. And this, despite a strong presence in the thriving and promising IT sector.
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This year’s change in listed companies, which have room for growth
• OTE +11.1%
• Viohalco +7,7%
• Alpha Bank +7,0%
• Quest Participations +6.7%
• ELVALHALCOR +4.2%
• EYDAP -5.5%
(The above is a product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)