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Investment Houses Recommendation

08/10/05

From: Yedioth Ahronoth - 8 October 2005
 

Investment houses are recommending where to invest, while maintaining careful optimism.
 

The Hebrew New Year started with peak levels in the Tel Aviv Stock Exchange (TASE). Analysts find it hard to predict what the future will bring in terms of market developments, but they can safely say that there have been positive developments in the Israeli market in the last two years. This factor, alongside the results of the government’s economic policy, will strongly influence the
Israeli economy.

The positive direction that characterized the last two years is predicted to continue next year. Unemployment will slowly decrease and governmental deficit levels will be stable. The stock market is expected to continue showing positive returns, however, due to high prices, portfolios should be carefully examined. The estimated return from the market is around 10%-15%, according to analysts from Clal Finance – Batucha.

Last year, Tel Aviv 100 companies were the stars of the TASE, thanks mainly to overseas investors who invested substantial funds. However, from a long-term view, it appears that secondary stocks (Yeter 30) yielded higher returns to investors.

Analysts recommended three companies from the secondary list:

SCOPE METALS TRADING & TECHNICAL SERVICES LIMITED.

GOLAN PLASTIC PRODUCTS LTD.

ELSPEC LTD., POWER QUALITY SOLUTIONS

Investment houses that participated in the survey are: Clal Finance - Batucha, Dash-Ipex, Psagot - Ofek Investments House Ltd., Ilanot - Discount, IBI, HSBC, CIBC, Union Bank.