Lithuanian Traders Recommend Agribusiness, Verslo Zinios Says

Lithuanian equity traders predict shares of local agriculture-related companies will rise in the next six months, according to a survey by Verslo Zinios.

Of 20 brokers and fund managers asked on March 13-14 to make recommendations for a six-month investment horizon, the largest number, 17, suggested buying shares of Linas Agro AB (LNA1L), an agribusiness holding company, the Vilnius-based newspaper reported today.

Lender Siauliu Bankas AB (SAB1L) was second in the survey, with 15 ’buy’ recommendations, followed by 10 ’buy’ ratings each for clothing retailer Apranga AB (APG1L) and dairy companies Rokiskio Suris AB (RSU1L) and Zemaitijos Pienas AB (ZMP1L), Verslo Zinios said.

A majority of the traders recommended holding shares of energy-terminal operator Klaipedos Nafta AB (KNF1L) and furniture maker Vilniaus Baldai AB (VBL1L), and selling the shipping company Lietuvos Juru Laivininkyste AB (LJL1L) as well as Dvarcioniu Keramika AB (DKR1L), a producer of ceramic tiles, according to the newspaper.

To contact the reporter on this story: Bryan Bradley in Vilnius at bbradley13@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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