Jul 27, 2006. /Lesprom Network/. The Baltic investment company Hansabank Markets has issued a ‘hold’ recommendation for shares in the Lithuanian hardboard and toilet paper manufacturer Grigiskes, but warned that it is still a risky investment, Baltic Business Weekly reported. Analysts at Hansabank Markets put the fair value of the company at LTL 3.10 ($1.14) per share, some 5% above its market price, the Verslo Zinios business daily reported. Grigiskes’ shares, quoted on the current list of the Vilnius Stock Exchange, closed at LTL 2.85 ($1.05) on July 14. "Based on the company’s performance forecasts for 2006 and the current price of Grigiskes’ shares, we say that the shares are fairly valued and recommend holding on to the shares. We rate it as a medium-risk investment," the analysts said. Grigiskes and its subsidiary Baltwood forecast a 23.2% decline in annual net profits to LTL 7.7 million this year. The paper manufacturer is based in Grigiskes, a suburb of Vilnius.