FRANKFURT (dpa-AFX) - The analysts at Warburg Research named their favorite investment ideas for the coming year in a study on Friday. There are no stocks from the Dax, but there are some from the MDax and SDax - two indices that are clearly lagging behind their big brother, the Dax, in the current year. While the latter has risen by more than 20 percent, the MDax has only gained 8 percent so far in 2023 and the SDax around 14 percent.

From the MDax, Kion, Lanxess, Puma and the soon-to-be index returnee Krones are among the "Best Ideas". From the SDax, Adesso, GFT Technologies, SAF-Holland, Schaeffler and Süss Microtec have been added to this group of candidates.

The other favorites Bertrandt, Einhell, Instone and KSB are not included in any of the three major DAX indices. KSB will, however, move into the SDax next week. The list therefore consists of a total of 13 German stocks. All of them are rated "buy".

2023 was a difficult year for stock selection, as the large stock corporations performed better than those in the second and third tiers, wrote analyst Michael Heider. Smaller and mid-cap German stocks fell out of favor in 2023 as the country's high energy costs and high export ratio impacted growth and profitability.

Despite negative geopolitical factors, the Warburg experts assume that the global economy will recover in 2024 as inflation rates fall. There are therefore great investment opportunities for investors, particularly among smaller borrower stocks. The list of favorites is made up of quality stocks that should benefit from cyclical demand growth and have a particularly attractive valuation level.

With a "buy" rating, Warburg Research expects the share price to rise over the next twelve months.

Analyzing institute Warburg Research /tih/jsl/men

Publication of the original study: 15.12.2023 / Time not specified in study / Time zone not specified in study

First dissemination of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study