(WSE:SGN) Warsaw Stock Exchange – Sygnity| FXMAG.COM

Sygnity's stock price has skyrocketed >60% in the last three months versus a 14% loss on the WIG index.

We do not find sufficient justification for such huge outperformance and we maintain our bearish view on SGN.

We will soon update our financial forecasts for the company to reflect new assumptions for the risk-free rate and the equity risk premium, with the changes to valuation expected to be negligible.

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This analysis was prepared by mBank at the request of the WSE as part of the Exchange's Analytical Coverage Support Programme

PaweÅ‚ Szpigiel +48 509 603 258 pawel.szpigiel@mbank.pl

GPW’s Analytical Coverage Support Programme 3.0

The Warsaw Stock Exchange's (GPW's) Analytical Coverage Support Programme 3.0 supports investment firms in drafting analytical reports which are financed by GPW. The objective of the Programme is to improve the availability of research covering less liquid companies, facilitating investors' informed investment decisions based on a reliable independent source of issuer information. Eligible to participate in the Programme are companies listed on the GPW Main Market (other than WIG20 participants) and on NewConnect. The Programme covers up to 50 issuers.

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Poland gpw wse warsaw stock exchange polish stocks polish stock exchange wse:sgn sgn stock sygnity stock