Wednesday 11 January 2012

ANALYSES AND REPORTS




The percentage of Polish entrepreneurs who plan to increase the employment is still higher then of those expecting reductions. The majority of companies expects no change in the level of employment.
Of the 750 Polish employers surveyed 14 percent expect to add to their workforces in the coming quarter, 11 percent plan reductions and 71 percent expect no change in payrolls in the January-March time frame.
The strongest optimism for 1st quarter of 2012 is reported by employers from the Transport, Storage & Communication and Finance & Business Services industry sectors. Job seekers in the Construction (+8%) industry sector may also expect some offers in the quarter ahead; the Outlook declines slightly from previous quarter, but improves from Q1 2011 by 8 percentage points, suggesting employers may be moderately more confident in their ability to justify adding to their payrolls compared to last winter season.
Regional Outlooks are modest and indicate the first-quarter hiring pace will slow. Positive hiring intentions are reported in five of the six regions. The strongest regional Outlook is reported in the South region (+7%). (Manpower Group)


According to HSBC Global Research Poland offers the cheapest equities in the CEE.
The authors of HSBC report “Mispriced. CEEMEA equity projections” find Polish valuations among the cheapest on emerging markets what bears testimony to its attractiveness and great investment opportunities compared to the rest of Europe.
Furthermore, the HSBC’s experts note relatively good macroeconomic data: remarkably steady growth, inflation and interest rates under control.
Valuations are attractive by historical standards, and both domestic and foreign liquidity could provide support.
In 2011 EPS (Earning per Share) growth is 27,7%, while the forecasts for EMEA is 20,5%, and for emerging markets 10,4%.
Our key overweights are Russia, Turkey and Poland - the HSBC’s analysts report - we are reducing Hungary to neutral. Czech and Egypt stay neutral(HSBC)

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Thursday, 1/12/12 
Tuesday night, 1/17/12 


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