|2023/01/16 / Erste Group Research|
ATX 2023: Indexpotential von 3.700 Punkten
2022 kam der ATX mit einem Minus von 19% stark unter Druck. Aktuell notiert der Wiener Leitindex auf KGV-Basis 2023 auf historischem Tiefstand von rund 7,1x. Vorausgesetzt es kommt zu keiner neuerlichen Eskalation des Ukraine Konflikts oder anderen geopolitischen Verwerfungen, erwarten wir 2023 ein Indexpotential von 3.700 Punkten für den ATX. Ein leicht negatives Gewinnwachstum 2023 ist nach dem Rekordjahr 2022 auf aktuellen Kursniveaus bereits vielfach eingepreist. Generell bevorzugen wir auf Jahressicht eher ‚Value‘ Aktien gegenüber ‚Growth‘ und ‚Zykliker‘ gegenüber ‚defensiven Werten‘.
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|Author||Erste Group Research|
|Topic in focus||Equities|
|Economy in focus||Austria|
|Currency in focus||Euro|
|Sector in focus||Automobiles & Parts, Banks, Basic Resources, Chemicals, Construction & Material, Food & Beverage, Health Care, Industrial Goods & Services, Insurance, Oil & Gas, Real Estate, Technology, Telecommunications, Travel & Leisure, Utilities|
|Name||ISIN||# Erste Group products|
|Vienna Int. Airport||AT00000VIE62||0|
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