In this post I would like to cover my polish stocks (as time of publishing this article), which represent an above average growth profile at very attractive valuations.
Great article! I'm from Poland and agree fully with your analysis. I also own these 4 companies.
One thing to be aware of is that the polish large cap index (WIG20) is 60% state owned companies (and a lot of banks) and these tend to do what's good for politicians and not shareholders :) That's why investing in something like IShares Poland ETF, which is concentrated in WIG20 is ok but not great in my opinion. The mid/small cap segment (MWIG40 and SWIG80) on the other hand is full of companies like Ambra / Toya - cheap private companies with good fundamentals. This segment has visibly outperformed the large caps in the last few years.
Great article! I'm from Poland and agree fully with your analysis. I also own these 4 companies.
One thing to be aware of is that the polish large cap index (WIG20) is 60% state owned companies (and a lot of banks) and these tend to do what's good for politicians and not shareholders :) That's why investing in something like IShares Poland ETF, which is concentrated in WIG20 is ok but not great in my opinion. The mid/small cap segment (MWIG40 and SWIG80) on the other hand is full of companies like Ambra / Toya - cheap private companies with good fundamentals. This segment has visibly outperformed the large caps in the last few years.
Thanks, excellent info!