Equity
Buda-Cash rates MOL ‘Accumulate' short and long term
Török said that considerable corrections were likely in MOL's full-year targets, as January-September results already exceeded goals for the whole of 2004.
He added that uncertainties about possible 2005 forecasts were large, as it was unpredictable how long favourable conditions in the industry would prevail.
The Hungarian state is to part with its remaining MOL stake in 2005, but if market sentiment remained good, there would be no negative impact of this move on the share price, Török said.
MOL shares rose nearly 20% since the beginning of November T0r0k said the sale of gas units and the company's outstanding performance in Q3 (and Q1-Q3) now justify a share price of around HUF 13,000 which was thought to be exaggerated only a few months ago.
He added that uncertainties about possible 2005 forecasts were large, as it was unpredictable how long favourable conditions in the industry would prevail.
The Hungarian state is to part with its remaining MOL stake in 2005, but if market sentiment remained good, there would be no negative impact of this move on the share price, Török said.
MOL shares rose nearly 20% since the beginning of November T0r0k said the sale of gas units and the company's outstanding performance in Q3 (and Q1-Q3) now justify a share price of around HUF 13,000 which was thought to be exaggerated only a few months ago.
