Report Category Directory

PT change / Equity

• WOOD Flash – Ford Otosan: share split – new price target at TRY 155.40/share by Wood and Company
• WOOD Flash – Mavi: share split – new price target at TRY 63.50/share by Wood and Company
• WOOD Flash – Coca-Cola Icecek: share split – new price target at TRY 88.65/share by Wood and Company
• WOOD Flash – Romgaz: share split; new price target at RON 4.76 by Wood and Company
• Bank of Cyprus: keep calm and return capital (stays BUY) by Wood and Company
• WOOD Flash – Alkaloid: rating and price target changes by Wood and Company
• WOOD Flash – Jahez: approves split of company’s shares by Wood and Company
• WOOD Flash – Tupras: bonus share distribution, price target reduced by Wood and Company
• WOOD Flash – Graphisoft Park: 4Q22 – 0.5x P/NAV, 15% FFO yield, 6% dividend yield, stays BUY (PT changed to EUR 10.5) by Wood and Company
• WOOD Flash – ONE United Properties: issues new shares; new price target at RON 1.08 by Wood and Company

Recommendations / Commodity

Reiterate / Equity

• DO & CO: flying with flavour (stays BUY) by Wood and Company
• Wizz Air: despite setbacks, upside risks may prevail (stays BUY) by Wood and Company
• cyber_Folks: e-commerce first – a new chapter begins (stays BUY) by Wood and Company
• Shoper: new investor, new opportunities (stays BUY) by Wood and Company
• Erste Bank Group: smart leverage, strong thesis (stays BUY) by Wood and Company
• Polish Food Retail: turning the corner (initiating on Zabka with a BUY, Eurocash and Jeronimo stay BUY, Dino stays SELL) by Wood and Company
• Gentoo Media: one step back, two steps forward (stays BUY) by Wood and Company
• InPost: international level (stays BUY) by Wood and Company
• Halyk Bank: efficient frontier (stays BUY) by Wood and Company
• Wirtualna Polska: shifting up a gear for e-commerce growth (stays BUY) by Wood and Company

Drop / Equity

• WOOD Flash – Alkaloid AD Skopje/ Hellenic Bank/ ONE United Properties/ Photon Energy/ Sirma Group Holding/ Sopharma AD/ Telecom Egypt: coverage discontinued by Wood and Company
• WOOD Flash – AUGA Group: coverage discontinued by Wood and Company
• WOOD Flash – Terna Energy: coverage discontinued by Wood and Company
• WOOD Flash – Coverage UNDER REVIEW by Wood and Company
• WOOD Flash – Coverage discontinued by Wood and Company
• WOOD Flash – Mytilineos/Titan Cement: coverage UNDER REVIEW by Wood and Company
• WOOD Flash – Pilulka Lekarny: coverage UNDER REVIEW by Wood and Company
• WOOD Flash – Turkcell / Turk Telekom: coverage UNDER REVIEW by Wood and Company
• Coverage discontinued (AEFES TI, AYGAZ TI, ENJSA TI, EREGL TI, TKFEN TI, VESBE TI) by Wood and Company
• WOOD Flash – PGNiG: discontinuation of coverage by Wood and Company

Upgrade / Equity

• MENA Petrochemicals: BGIger is better (upgrading Borouge to BUY and downgrading Sipchem to HOLD) by Wood and Company
• Greek Banks: take a bow (Alpha downgraded to HOLD, Eurobank stays HOLD, NBG stays BUY and Piraeus upgraded to BUY) by Wood and Company
• Vercom: solid growth, boosted potentially by M&A (upgraded to BUY) by Wood and Company
• Middle Eastern Oil Services: time to switch horses (ADNOC Drilling downgraded to HOLD, Arabian Drilling upgraded to BUY) by Wood and Company
• Budimex: growth acceleration on the horizon (upgraded to BUY) by Wood and Company
• Polish Banks: pricing and believing (PKO BP, Bank Pekao, Santander BP, mBank, ING BSK, Bank Millennium, Alior Bank, Bank Handlowy) by Wood and Company
• Baltic Classifieds Group: good opportunity to act (upgraded to BUY) by Wood and Company
• MedLife: and let the operational gearing begin (upgraded to BUY) by Wood and Company
• Air Astana Group: market cap largely covered by net cash (upgraded to BUY) by Wood and Company
• Elm: new horizons (upgraded to BUY) by Wood and Company