Alior Bank SA

Alior Bank is a universal lending and deposit-taking bank which renders services to individuals, legal persons and other entities which are Polish and foreign persons. Co.'s core activities include maintaining bank accounts, granting loans and advances, issuing banking securities and purchasing and selling foreign currency. Co. also conducts brokerage activities, consulting and financial agency services and renders other financial services.
  • TickerALR
  • ISINPLALIOR00045
  • ExchangeWarsaw Stock Exchange
  • SectorBanks
  • CountryUnited States

Raiffeisen Centrobank Equity Daily 09.09.2020

PL: Banks - Banking sector data for July published by NBP (neutral) PL: Telecoms - Operators will have to remove hardware from risky contractors (negative) RO: OMV Petrom - Petrom to install ten fast recharging stations for electric cars in Romania (neutral) RU: Enel Russia - Macquarie is out (neutral) RU: RusHydro - Board recommends 2019 dividend (neutral) RU: RusHydro - Sovetskaya Gavan commissioned (neutral) CEE Macro Daily

An unfavourable environment weighs on ALIOR BANK SA, which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of ALIOR BANK SA (PL), active in the Money Center Banks industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date September 8, 2020, the closing price was PLN 13.35 and its target price was estimated at PLN 10.08.

Research Team

The Rear-View Mirror – EME markets: Turkish ISE30 still weak, down 9.6% in August

EME Equity Market – August 2020 Market performance – most indices end August in the black, but the ISE30 Index decline continues, down 9.6%. In August, the MSCI EM Europe Index declined by 1.2% in EUR terms, but stayed mostly flat (+0.1%) in local currency terms. Romania’s BET Index performed the best, up 7.2%; followed by the Greek ASE Index (+2.7%); the Czech Republic’s PX Index (+2.4%); Poland’s WIG20 Index (+2.3%); and the MOEX Index (+0.5%). The Hungarian BUX Index declined by 2.6%, followed by the ISE30 Index, the poor performance of which reflects the current weakness of Turki...

Raiffeisen Centrobank Equity Daily 19.08.2020

 AT: Addiko Bank - 2Q 20 net loss of EUR 3.8 mn lower than expected on good costs / strong CET1 development / Outlook 2020 matching broadly RCBe (positive)  HR: Ericsson Nikola Tesla - New contracts worth HRK 32 mn (positive)  PL: Alior Bank - 2Q 20 net loss of PLN 585 mn significanly deeper on soaring risk provisions / core revenues better than expected (negative)  PL: Banking, Retail, Telecoms - UOKiK to impose record financial penalties in 2020 (negative)  PL: Lotos - Refinery production data in July (negative)  PL: PGE - PGE cancels plans to expand its network of electr...

Research Team

WOOD Daily: TCS LI; ALR PW; BIMAS TI; GTC PW; ASELS TI; TBCG LN; LVC PW; KAZ LN; OPL PW; KRKG SV; WINE RO; GR6 BU

HEADLINES: • TCS Group Holding: time to take a hard look (downgraded to HOLD) • Alior Bank: 2Q20 - huge net loss, to affect results for entire 2020E NEGATIVE • BIM: 2Q20 - major beat on lfl and margins, guidance upgrade POSITIVE • GTC: 2Q20 - write-offs in the spotlight, but FFO remains strong and retail turnovers encouraging POSITIVE • Aselsan: 2Q20 results - an 8% EBITDA beat, no guidance change POSITIVE • TBC Bank: 2Q20 highlights - net income beat overshadowed by NIM pressure • LiveChat Software: AGM approves PLN 2.48 DPS from FY18/19 net profit NEUTRAL • KAZ Minerals: ...

Alior Bank S.A.: 2 directors bought

Two Directors at Alior Bank S.A. bought 5,820 shares at between 20.640PLN and 20.800PLN. The significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rul...

Raiffeisen Centrobank Equity Daily 09.09.2020

PL: Banks - Banking sector data for July published by NBP (neutral) PL: Telecoms - Operators will have to remove hardware from risky contractors (negative) RO: OMV Petrom - Petrom to install ten fast recharging stations for electric cars in Romania (neutral) RU: Enel Russia - Macquarie is out (neutral) RU: RusHydro - Board recommends 2019 dividend (neutral) RU: RusHydro - Sovetskaya Gavan commissioned (neutral) CEE Macro Daily

Research Team

The Rear-View Mirror – EME markets: Turkish ISE30 still weak, down 9.6% in August

EME Equity Market – August 2020 Market performance – most indices end August in the black, but the ISE30 Index decline continues, down 9.6%. In August, the MSCI EM Europe Index declined by 1.2% in EUR terms, but stayed mostly flat (+0.1%) in local currency terms. Romania’s BET Index performed the best, up 7.2%; followed by the Greek ASE Index (+2.7%); the Czech Republic’s PX Index (+2.4%); Poland’s WIG20 Index (+2.3%); and the MOEX Index (+0.5%). The Hungarian BUX Index declined by 2.6%, followed by the ISE30 Index, the poor performance of which reflects the current weakness of Turki...

Raiffeisen Centrobank Equity Daily 19.08.2020

 AT: Addiko Bank - 2Q 20 net loss of EUR 3.8 mn lower than expected on good costs / strong CET1 development / Outlook 2020 matching broadly RCBe (positive)  HR: Ericsson Nikola Tesla - New contracts worth HRK 32 mn (positive)  PL: Alior Bank - 2Q 20 net loss of PLN 585 mn significanly deeper on soaring risk provisions / core revenues better than expected (negative)  PL: Banking, Retail, Telecoms - UOKiK to impose record financial penalties in 2020 (negative)  PL: Lotos - Refinery production data in July (negative)  PL: PGE - PGE cancels plans to expand its network of electr...

Equity Weekly 130820

Company Events: (* preview included in the Equity Weekly) Friday, 14/08/2020 PL: Agora, 2Q Earnings Release RU: ALROSA, 2Q Earnings Release* RO: Banca Transilvania, 2Q Earnings Release* RO: Digi Communications, 2Q Earnings Release* RO: Medlife, 2Q Earnings Release RO: Romgaz, 2Q Earnings Release* AT: Rosenbauer, 2Q Earnings Release* AT: Semperit, 2Q Earnings Release* RU: Rosneft, 2Q Earnings Release* Monday, 17/08/2020 RU: InterRAO, 2Q Earnings Release* Tuesday, 18/08/2020 AT: Flughafen Wien, Traffic figures AT: Flughafen Wien, 2Q Earnings Release* AT: Frequentis, 1H Earnings Release* ...

Raiffeisen Centrobank Equity Daily 10.08.2020

 AT: Telekom Austria - 5G auction to start this month (neutral)  HU: OTP - Conference call take-aways (positive)  PL: Alior Bank - 2Q profit warning on PLN 676 mn provisioining (negative)  PL: PGE - Investing into new green energy projects (neutral)  PL: Play Communications - Virgin Mobile Polska acquisition completed (neutral)  RU: LUKoil - OPEC+ limits and COVID-19 impact bring about expectedly weak operating results (neutral)

Research Team

WOOD Daily: TCS LI; ALR PW; BIMAS TI; GTC PW; ASELS TI; TBCG LN; LVC PW; KAZ LN; OPL PW; KRKG SV; WINE RO; GR6 BU

HEADLINES: • TCS Group Holding: time to take a hard look (downgraded to HOLD) • Alior Bank: 2Q20 - huge net loss, to affect results for entire 2020E NEGATIVE • BIM: 2Q20 - major beat on lfl and margins, guidance upgrade POSITIVE • GTC: 2Q20 - write-offs in the spotlight, but FFO remains strong and retail turnovers encouraging POSITIVE • Aselsan: 2Q20 results - an 8% EBITDA beat, no guidance change POSITIVE • TBC Bank: 2Q20 highlights - net income beat overshadowed by NIM pressure • LiveChat Software: AGM approves PLN 2.48 DPS from FY18/19 net profit NEUTRAL • KAZ Minerals: ...

Research Team

WOOD Daily: RTKM RX, ALR PW, ISCTR TI, Turkey macro

HEADLINES: • Rostelecom: the new Rostelecom - convergent & digital (upgraded to BUY) • Alior Bank: issues profit warning for 2Q20E suggesting huge provisions NEGATIVE • Turkey: CBT adopts measures to tighten credit • Isbank: 2Q20/1H20 review - beat on lower-than-expected COR • Short News (PLY)

Research Team

WOOD Daily: KER PW; LPP PW; PLY PW; CEE Banks

HEADLINES: • Kernel: 4Q20 trading update - broadly in line with company's targets NEUTRAL • LPP: completes negotiations with 98% of shopping malls POSITIVE • Play Communications: increases prices in mobile pre-paid segment POSITIVE • CEE banks: 2Q20E - in the eye of the cyclone (Komercni Banka, MONETA Money Bank, Erste Bank, PKO BP, Bank Pekao, Santander BP, mBank, ING BSK, Bank Handlowy, Bank Millennium, Alior Bank) • Play Communications: 2Q20E preview - 1% yoy adjusted EBITDA drop expected (due on 10 August) • Short News (KGH)

Research Team

WOOD Daily: PL Banks; RU Macro; SBER RX; IIA AV; OPL PW; CAR PW; PL Telecoms

HEADLINES: • Polish banks: nothing will be the same (PKO BP, Bank Pekao, Santander BP, mBank, ING BSK, Bank Handlowy, Bank Millennium, Alior Bank) • Russia macro: popular mandate supporting Putin suggests RUB stability • Sberbank: June RAS results - 2Q20 read-across positive, but unlikely to tip the balance POSITIVE • Immofinanz: successfully raises EUR 356m of capital in a combination of shares and convertible notes NEUTRAL • Orange Polska: to record PLN 64m provision release on jubilee bonuses in 2Q20E NEUTRAL • Inter Cars: June sales up by 11% yoy • Polish telecoms: mobile...

Research Team

The Rear-View Mirror – EME markets: Equity returns mixed as rebound forces weaken

EME Equity Market – June 2020 Market performance – in June, Turkish equities performed the best (+7.7%), while Hungary was the weakest (-2.2%). Following its rebound in the past couple of months, the MSCI EM Europe Index declined in June, losing 1.8% in EUR terms and 0.6% in local currency terms. Turkish equities were the best performers, with the ISE30 Index +7.7%, followed by Prague’s PX Index (+3.5%), and the WIG20 (+2.3%). After its good run in May, the Romanian BET lost 0.3% in June, while the Russian MOEX was down 2%. Greek equities declined 2.1%, while the worst-performing index w...

An unfavourable environment weighs on ALIOR BANK SA, which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of ALIOR BANK SA (PL), active in the Money Center Banks industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date September 8, 2020, the closing price was PLN 13.35 and its target price was estimated at PLN 10.08.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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