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ALEGF - EPOL: Polish Equities Are Riskier But Remain Undervalued
Allegro.eu Ord
Polish stocks continue to appear undervalued.
The market seems to be either pricing in a significant political risk premium and/or pessimistic earnings forecasts.
Even if we take more pessimistic assumptions on future earnings growth versus analyst consensus estimates, EPOL looks like it should offer well over 20% upside in the medium term.