BRD (up 25%) and TLV (up 15%) deliver

This is what we said on 7 Dec “This may seem hard to believe, but both TLV and BRD are the best potential outperformers according to the latest pair grid. This is in sharp contrast to the other two financial companies viz. BVB and BRK. The brokerage major and the listed stock exchange company are both the top ranked performers and hence the most expensive in the list of 54 assets we cover in Alpha Romania. We continue to look at an underperformance in BRK and BVB and would reduce it in our Rieki portfolio. We anticipated outperformance in BRD and TLV and will increase the allocations for the respective stocks.  The Pair grid carries the best with the worst. ”
BRD is up 25% since 7 Dec, while TLV is up 15%. This was a clear example of how performance cycles work. The worst outperforms and the best underperforms.
In the latest report we have illustrated Jiseki performance cycles for individual stocks and also for the pair between BRD and TLV. Both BRD and TLV are still positive on performance cycles. Among BRD- TLV (Fig. 3), BRD is still outperforming TLV and is up 25% against TLV since July.
We have updated the latest Alpha Early Economic with other financial majors and BETFI.
Enjoy the latest Alpha Early Economic Update.