ANALYST VIEW – Wood confirms ’Hold’ rating on Hungary’s Graphisoft

Wood confirmed its HUF 5,285 target price, nearly 66% above their current market price, and recommends holding Graphisoft’s shares.

“While we expect to see further revaluation losses booked in the next 6-18 months, we believe Graphisoft Park is likely to retain most of its tenants. As long as we are right, and the rates remain low, we believe the drop in values should not exceed 5-15% of the portfolio value. We believe that Graphisoft Park is currently trading at attractive levels. Further developments and, potentially, a takeover by a larger peer, could be the key triggers for a rerating, we believe,” Wood said in its flash report.

GSPARK

Source: Portfolio-Teletrader Kft.