This note is about investing, not trading or event-driven ideas. We believe our OI rated stocks will outperform the market on a risk-adjusted basis in the next 12-18 months. We recommend you own OPAP, Jumbo, PPC, Alpha Bank and ADMIE. We downgrade OTE given it is trading at our target price. We assume the pandemic will be less of a risk; we consider the end of free money and elevated costs and reiterate cash flow conversion as our #1 criterion.

With this note we briefly share our views on all the names we cover. We start with our OI picks, followed by Radar and DOI names. We have added several names in our Universe, most of which on a Not Rated (NR) basis.

Conclusion: we reiterate our…

If you are still wondering why Greek Banks have not
recouped their pre-pandemic P/BV multiples (0.40x), you should look no
further than Bank of Greece’s latest Financial Stability Review (published
July 16); on pp. 7-8…contact@researchgreece.com

In the supply business, PPC with…