Baltic Business Analysis: Apranga (APG1L) - Q1 2010 Update and Comment, Target Price

June 9, 2010 - PRLog -- Content of the report:
- The Share Price Remains Underestimated;
- Q1 2010 Net Loss Was Reduced To 0.65 Million LTL;
- Retail Turnover In May 2010 Decreased 6.3%;
- Distribution Contract With Promod;
- “Hugo Boss” In Estonia;
- Long-Term Growth Possibilities Remain Weak;
- BBA Investment Rating.

Summary of the report:
The authors of this report are confident in Apranga's five years growth, but in terms of three years the revenues are considered not likely to significantly exceed current level. The main reasons are poor economical condition of Baltic States, drop in prices, and low demand in main markets.

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Baltic Business Analysis provides independent information and analysis on East European public companies and markets.