Polish broker Ipopema rates real estate developer Impact higher by 59%

Polish brokerage Ipopema Securities sees shares of real estate developer Impact Developer & Contractor (stock symbol IMP) at a fair value of 0.32 RON, up about 59% from the current trading price. The analysts' recommendation is buy. 

"The company reported net results significantly below our expectations, mainly due to weaker apartment sales in Q3/24 in combination with a higher interest expense, partially offset by lower OPEX. (…) According to the press statement of November 7, 2024, 73 apartments were sold in October 2024, which means that the problem of unsold apartments has been solved, and Q4/24E should be strong and different from the recent trend," notes Ipopema. 

Source: zf.ro