Grupa Kety SA

Grupa Kety is an aluminum industry company based in Poland. Co.'s operations are organized in three business segments: Aluminum Extrusions, Aluminum Architectural Systems and Flexible Packaging. Co. offers aluminum extrusions in different shapes, bars, tubes and wires of aluminum and its alloys, which are used in the construction & building, advertising, indoor fittings, transportation, automotive industry, white goods, machinery engineering and electrical engineering. Co.'s Aluminum Architectural Systems produces aluminum joinery, realizing investment projects and selling systems. Co.'s flexible packaging segment offers packaging made of aluminum foil, films and paper.
  • TickerKTY
  • ISINPLKETY000011
  • ExchangeWarsaw Stock Exchange
  • SectorIndustrial Metals & Mining
  • CountryPoland
Research Team

DM BOŚ: Daily research report – date 6.07.2020

Headlines Conferences calendar … 2 Large-cap companies news … 3 PGNiG: Update on CCGT investments PKO BP:Term deposits for corporate clients no longer offered Alior: PKN CEO on restructuring at Ruch Banks: FX mortgage litigation to take few years before uniform cases law is established Banks: Settlement of annulled FX mortgage contract increasingly important Banks: Court denies bank’s claims against FX mortgage borrowers Banks: Restructuring at Pesa yields first results Banks: Number of bankruptcies strongly on the rise Banks: Sector results for May Small- and mid-cap companies new...

Research Team

DM BOŚ: Daily research report – date 3.07.2020

Headlines Conferences calendar … 2 Large-cap companies news … 3 PKN Orlen: Model margins for June revealed JSW: Methane explosion in Budryk mine Cyfrowy Polsat: UOKiK’s consent for takeover of Interia granted Dino: Shops openings in 2Q20 revealed Dino: Mr. Szymon Piduch nominated to supervisory board CD Projekt: We played Cyberpunk 2077 – our hands on impressions: positive, but still much polishing to do PGE: Trade unions plans protests in Bełchatów and Warsaw Santander BP: Leasing securitization with EIB PKO BP: Traffic in branches declines by nearly a third Banks: Rising number o...

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 was the...

Research Team

WOOD Daily: MGNT LI; FIVE LI; KTY PW; LVC PW; AFLT RX; PL Telecoms

HEADLINES: • Russian food retail: not relative winners, just winners (X5 stays BUY; Magnit's GDRs and locals upgraded to BUY) • Kety: Can I get my first PLN 500+, please (stays BUY) • LiveChat Software: strong set of 4Q19-20 (calendar 1Q20) results, with 9% beat POSITIVE • Aeroflot: secures RUB 31bn 5Y credit agreement with Sberbank POSITIVE • Polish telecoms: Poland may fail to relaunch 5G auction in 2020, according to acting head of UKE NEGATIVE • Short News (UKR Agriculture)

Gabriela Burdach ...
  • Pawel Wieprzowski, PhD

Kety: Can I get my first PLN 500+, please (stays BUY)

Despite the 20% rally since our BUY call on Kety on 12 June, we maintain our rating and increase our 12M price target (PT) to PLN 534/share (19% upside), from PLN 473/share; this would be an all-time high level of PLN 500+ for Kety. The main drivers behind our higher PT are: i) the very strong set of 2Q20 preliminary financials, with its EBITDA reaching a record high of PLN 180m, 16% above our forecast and +34% yoy; and ii) management claiming that COVID-19 has not affected its business so far. We see the results as extremely impressive, given the recessionary environment in Europe in 2Q20, an...

Grupa Kęty S.A.: 1 director sold

A director at Grupa Kęty S.A. sold 3,360 shares at 454.526PLN and the significance rating of the trade was 78/100. 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 rules. The names of boar...

Research Team

DM BOŚ: Daily research report – date 6.07.2020

Headlines Conferences calendar … 2 Large-cap companies news … 3 PGNiG: Update on CCGT investments PKO BP:Term deposits for corporate clients no longer offered Alior: PKN CEO on restructuring at Ruch Banks: FX mortgage litigation to take few years before uniform cases law is established Banks: Settlement of annulled FX mortgage contract increasingly important Banks: Court denies bank’s claims against FX mortgage borrowers Banks: Restructuring at Pesa yields first results Banks: Number of bankruptcies strongly on the rise Banks: Sector results for May Small- and mid-cap companies new...

Research Team

DM BOŚ: Daily research report – date 3.07.2020

Headlines Conferences calendar … 2 Large-cap companies news … 3 PKN Orlen: Model margins for June revealed JSW: Methane explosion in Budryk mine Cyfrowy Polsat: UOKiK’s consent for takeover of Interia granted Dino: Shops openings in 2Q20 revealed Dino: Mr. Szymon Piduch nominated to supervisory board CD Projekt: We played Cyberpunk 2077 – our hands on impressions: positive, but still much polishing to do PGE: Trade unions plans protests in Bełchatów and Warsaw Santander BP: Leasing securitization with EIB PKO BP: Traffic in branches declines by nearly a third Banks: Rising number o...

Gabriela Burdach ...
  • Pawel Wieprzowski, PhD

Kety: Can I get my first PLN 500+, please (stays BUY)

Despite the 20% rally since our BUY call on Kety on 12 June, we maintain our rating and increase our 12M price target (PT) to PLN 534/share (19% upside), from PLN 473/share; this would be an all-time high level of PLN 500+ for Kety. The main drivers behind our higher PT are: i) the very strong set of 2Q20 preliminary financials, with its EBITDA reaching a record high of PLN 180m, 16% above our forecast and +34% yoy; and ii) management claiming that COVID-19 has not affected its business so far. We see the results as extremely impressive, given the recessionary environment in Europe in 2Q20, an...

Research Team

DM BOŚ: Daily research report – date 30.06.2020

Headlines Large-cap companies news … 2 PKN Orlen: 2Q20 results preview Azoty: No dividend from FY19 profits accepted by AGM Pekao: Departing CRO on outlook Pekao: Introduction of BGK subsidies to the offering Alior: Supervisory board reshuffles the management board Banks: ZBP on Pengab Banks: Pricing adjustment at banks Small- and mid-cap companies news … 6 11 bit studios: Analyst meeting takeaways; P8 may debut later than previously assumed Kęty: Insider selling – CEO sold 2,720 Kęty’s shares Playway: PLN 11.2 million dividend collected from Frozen District Ten Square Games: Ince...

Research Team

DM BOŚ: Daily research report – date 29.06.2020

Headlines Large-cap companies news … 2 Play: Cell towers to be put on sale? Cyfrowy Polsat: PLN 1.00 DPS to be voted by AGM on July 23 CD Projekt: AGM called on July 28 mBank: An appeal against suspension of installments Banks: Growth of CHF court cases at 400% yoy in April in Warsaw jurisdiction Banks: Industry insiders on the outlook Banks: PLN mortgages also threatened by lawsuits? Banks: Estimates of credit vacations numbers coming from the new bill Small- and mid-cap companies news … 5 BAH: Agreement with JLR? Kęty: Management proposition concerning dividend in two weeks LSI ...

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 was the...

Research Team

WOOD Daily: MGNT LI; FIVE LI; KTY PW; LVC PW; AFLT RX; PL Telecoms

HEADLINES: • Russian food retail: not relative winners, just winners (X5 stays BUY; Magnit's GDRs and locals upgraded to BUY) • Kety: Can I get my first PLN 500+, please (stays BUY) • LiveChat Software: strong set of 4Q19-20 (calendar 1Q20) results, with 9% beat POSITIVE • Aeroflot: secures RUB 31bn 5Y credit agreement with Sberbank POSITIVE • Polish telecoms: Poland may fail to relaunch 5G auction in 2020, according to acting head of UKE NEGATIVE • Short News (UKR Agriculture)

Research Team

WOOD Daily: LPP PW; KTY PW; TITC GA; YNDX US; GR Macro; BRISA TI

HEADLINES: • LPP: 1Q20 slightly below prelims, FY20E guidance unchanged, while June has been promising NEUTRAL • Kety: 2Q20P EBITDA 16% above our forecast, ND/EBITDA at only 0.75x, 2020E forecasts confirmed POSITIVE • Titan Cement: reassuring trading update POSITIVE • Yandex: conference call - more details on e-commerce plans POSITIVE • Greece macro: some downside for GDP, but too soon to say • Brisa: appoints new CEO NEUTRAL • Short News (PL banks, CDR)

Research Team

WOOD Daily: PGN PW; PL Banks; GTC PW; GPW PW; KTY PW

HEADLINES: • PGNiG: one day, my price will come (stays HOLD) • Polish banks: facing new wave of FX mortgage lawsuits NEGATIVE • GTC: dismisses CEO Thomas Kurzmann, nominates Robert Snow as new CEO NEGATIVE • Warsaw Stock Exchange: AGM approves PLN 2.40/share dividend (5.8% dividend yield) NEUTRAL • Kety: Chinese aluminium producer enters bankruptcy proceedings NEUTRAL • Short News (SPL)

Research Team

WOOD Daily: KTY PW, Airlines, OPAP GA

HEADLINES: • Kety: a good stock for bad times (upgraded to BUY) • Airlines: IATA highlights unsustainable debt build-up; we see a short-term opportunity in Aegean • OPAP: key takeaways from the conference call • Short News (OTP)

GRUPA KETY SA sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of GRUPA KETY SA (PL), a company active in the Aluminium industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date June 16, 2020, the closing price was PLN 372.00 and its potential was estimated at PLN 406.12.

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 week...

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