Magyar Olaj-Es Gazipari is an integrated oil and gas enterprise based in Hungary and active in central and eastern Europe. Co.'s core activities include: exploration and production of crude oil, natural gas and gas products; refining, transportation, storage and distribution of crude oil products in both retail and wholesale markets; importation, transportation, storage and wholesale trading of natural gas and other gas products; and the production and sale of olefins and polyolefins. TVK, the petrochemical affiliate of Co., is an olefin and polyolefin producer in Hungary.
  • TickerMOL
  • ISINHU0000153937
  • ExchangeBudapest Stock Exchange
  • SectorOil & Gas Producers
  • CountryHungary

Raiffeisen Centrobank Equity Daily 15.09.2020

AT: Palfinger - Company more upbeat on FY 20 sales and ~6% margin target ahead of expectations (positive) HU: MOL - Issuance of HUF bonds (neutral) CEE Macro Daily

Raiffeisen Centrobank Equity Daily 07.08.2020

 AT: AMAG - US government to reimpose 10% import duty on aluminium imports from Canada (negative)  AT: IMMOFINANZ - Successfully sells 9,600 sqm office building in Duesseldorf (positive)  AT: Oesterreichische Post - Slump of operating result about in line with expectations (neutral)  AT: OTP - Better 2Q on risk costs, but NIM erosion accelerated (neutral)  AT: Polytec - 2Q earnings beat RCBe partially due to one-off gains, FY 20 sales guidance of ca. EUR 520 mn is 6% ahead of RCBe (positive)  AT: Wienerberger - Extension of management board, both business units with designate...

Equity Weekly 060820

Company Events: (* preview included in the Equity Weekly) Friday, 07/08/2020 HU: MOL, 2Q Earnings Release* AT: Oesterreichische Post, 2Q Earnings Release* HU: OTP, 2Q Earnings Release* AT: Polytec, AGM AT: Polytec, 2Q Earnings Release* Monday, 10/08/2020 PL: Play Communications, 2Q Earnings Release Tuesday, 11/08/2020 CZ: CEZ, 2Q Earnings Release* RU: Unipro, 2Q Earnings Release* Wednesday, 12/08/2020 AT: DO & CO, 1Q Earnings Release AT: Kapsch TrafficCom, 1Q Preliminary results* PL: Lotos, 2Q Earnings Release AT: Wienerberger, 2Q Earnings Release* Thursday, 13/08/2020 PL: Netia, 2Q ...

Raiffeisen Centrobank Equity Daily 04.08.2020

 AT: AT&S - 1Q 20/21 sales and EBITDA above expectations due to FX, net below, 2Q outlook: sales flat, EBITDA in 20-25% range (neutral)  CZ: Komercni Banka - Conference call take-aways (neutral)  HU: Gedeon Richter - Richter received marketing authorization for a new product in the UK (neutral)  HU: MOL - July model refining margins turned positive, while petchem margins stayed under pressure (neutral)  HU: Wizz Air - July capacity utilization at 74% and 61% load factor (neutral)  PL: Alior Bank - Changed 1H 20 reporting date (neutral)  PL: LPP - Preliminary 2Q operating l...

Equity Weekly 300720

Company Events: (* preview included in the Equity Weekly) Friday, 31/07/2020 AT: Andritz, 2Q Earnings Release* AT: DO & CO, AGM AT: Erste Group, 2Q Earnings Release* HR: Valamar Riviera, 2Q Earnings Release* AT: Zumtobel, Dividend Payment (EUR 0.10) Monday,03/08/2020 RO: BRD-GSG, 2Q Earnings Release* HU: Gedeon Richter, 2Q Earnings Release* CZ: Komercni Banka, 2Q Earnings Release* Tuesday, 04/08/2020 AT: AT&S, 1Q Earnings Release* Wednesday, 05/08/2020 PL: Bank Pekao SA, 2Q Earnings Release* PL: Kety, 2Q Earnings Release AT: Lenzing, 2Q Earnings Release* HU: Magyar Telekom, 2Q Earnings...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Stocks

Concerns over perceived central bank policy missteps have been somewhat alleviated following dovish takeaways from Fed Chair Powell's comments, proclaiming interest rates are “just below” the neutral rate, and reminding everyone that future rate hikes are not predetermined. While this is certainly an incrementally positive development, it does not completely remove the specter of future rate hikes from our list of concerns. Of course, trade remains an issue despite optimism surrounding the Trump/Xi meeting at the G20 summit this week. Therefore, our outlook remains cautious and we expect c...

MOL Hungarian Oil and Gas: 1 director sold

A director at MOL Hungarian Oil and Gas sold 26,885 shares at 2,009.970HUF and the significance rating of the trade was 62/100. 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 ...

Raiffeisen Centrobank Equity Daily 15.09.2020

AT: Palfinger - Company more upbeat on FY 20 sales and ~6% margin target ahead of expectations (positive) HU: MOL - Issuance of HUF bonds (neutral) CEE Macro Daily

Raiffeisen Centrobank Equity Daily 07.08.2020

 AT: AMAG - US government to reimpose 10% import duty on aluminium imports from Canada (negative)  AT: IMMOFINANZ - Successfully sells 9,600 sqm office building in Duesseldorf (positive)  AT: Oesterreichische Post - Slump of operating result about in line with expectations (neutral)  AT: OTP - Better 2Q on risk costs, but NIM erosion accelerated (neutral)  AT: Polytec - 2Q earnings beat RCBe partially due to one-off gains, FY 20 sales guidance of ca. EUR 520 mn is 6% ahead of RCBe (positive)  AT: Wienerberger - Extension of management board, both business units with designate...

Equity Weekly 060820

Company Events: (* preview included in the Equity Weekly) Friday, 07/08/2020 HU: MOL, 2Q Earnings Release* AT: Oesterreichische Post, 2Q Earnings Release* HU: OTP, 2Q Earnings Release* AT: Polytec, AGM AT: Polytec, 2Q Earnings Release* Monday, 10/08/2020 PL: Play Communications, 2Q Earnings Release Tuesday, 11/08/2020 CZ: CEZ, 2Q Earnings Release* RU: Unipro, 2Q Earnings Release* Wednesday, 12/08/2020 AT: DO & CO, 1Q Earnings Release AT: Kapsch TrafficCom, 1Q Preliminary results* PL: Lotos, 2Q Earnings Release AT: Wienerberger, 2Q Earnings Release* Thursday, 13/08/2020 PL: Netia, 2Q ...

Raiffeisen Centrobank Equity Daily 04.08.2020

 AT: AT&S - 1Q 20/21 sales and EBITDA above expectations due to FX, net below, 2Q outlook: sales flat, EBITDA in 20-25% range (neutral)  CZ: Komercni Banka - Conference call take-aways (neutral)  HU: Gedeon Richter - Richter received marketing authorization for a new product in the UK (neutral)  HU: MOL - July model refining margins turned positive, while petchem margins stayed under pressure (neutral)  HU: Wizz Air - July capacity utilization at 74% and 61% load factor (neutral)  PL: Alior Bank - Changed 1H 20 reporting date (neutral)  PL: LPP - Preliminary 2Q operating l...

Equity Weekly 300720

Company Events: (* preview included in the Equity Weekly) Friday, 31/07/2020 AT: Andritz, 2Q Earnings Release* AT: DO & CO, AGM AT: Erste Group, 2Q Earnings Release* HR: Valamar Riviera, 2Q Earnings Release* AT: Zumtobel, Dividend Payment (EUR 0.10) Monday,03/08/2020 RO: BRD-GSG, 2Q Earnings Release* HU: Gedeon Richter, 2Q Earnings Release* CZ: Komercni Banka, 2Q Earnings Release* Tuesday, 04/08/2020 AT: AT&S, 1Q Earnings Release* Wednesday, 05/08/2020 PL: Bank Pekao SA, 2Q Earnings Release* PL: Kety, 2Q Earnings Release AT: Lenzing, 2Q Earnings Release* HU: Magyar Telekom, 2Q Earnings...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 05/11/2019 - MOL, Telefonica - EN

TP ICAP - Europe - Morning CreditUpdate 05/11/2019 - MOL, Telefonica - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 05/11/2019 - MOL, Telefonica - FR

MOL (Achat) : Se renforce dans l’Upstream Telefonica (Achat hybrides) : Confirme ses objectifs pour 2019 avec un croissance attendue de l’EBITDA de +2% AIB Group (Achat) : Vente d’un portefeuille de NPL d’une valeur de €850m Teleperformance (Achat) : Relève ses objectifs 2019 et vise une croissance organique >10% Colgate-Palmolive : Emission de deux souches senior unsecured pour un montant total de €1 md Ferrari (Achat) - 9M-19 : EBITDA de €936m (+11%) Saint-Gobain (Achat) : Cède son activité de polystyrène expansé (PSE) PostNL...

MOL Hungarian Oil and Gas Plc and Polski Koncern Naftowy ORLEN S.A.: Peer comparison - similar business profiles, but with different strengths and weaknesses

CORPORATES ISSUER IN-DEPTH 11 October 2017 RATINGS MOL Hungarian Oil and Gas plc LT Issuer Rating Baa3 Outlook Stable Polski Koncern Naftowy ORLEN S.A. LT Issuer Rating Baa2 Outlook Stable Source: Moody's Investors Service KEY METRICS: MOL Hungarian Oil and Gas plc 2015 2016 LTM 06/2017 Revenues ($ Bn)

Research Team

WOOD Morning (4 May)

HEADLINES: * BRD-GSG: 1Q18 results strongly above expectations POSITIVE * Erste Bank: 1Q18 net profit at EUR 33m, 4-6% beat vs consensus amid positive provision charges NEUTRAL * KOMB: 1Q18 - small beat on positive LLPs, but neutral due to pressured revenues; 2020E strategy POSITIVE * MOL 1Q18 results mildly below expectations NEUTRAL * Petkim: 1Q18 results - missed by a mile NEGATIVE * Yapi Kredi: 2020 Strategy - seeing is believing (especially on COR) NEUTRAL * Turkish automotive: LV sales down 6.4% yoy, as expected NEUTRAL * Richter: Esmya woes to halt 1Q18E margin...

Research Team

WOOD Morning (20 March)

HEADLINES: * PKP Cargo: light in the tunnel actually a train (downgraded to SELL) * Kruk: announces actual numbers for 2017 NEUTRAL * Rosneft: 4Q17 results - marginally positive, waiting for more evidence * DP Eurasia: 2017 results in line with estimates, miss on FX NEUTRAL * Lotos: fires CEO NEGATIVE * MOL: completes construction of synthetic rubber plant POSITIVE * BZW/MBK/PEO/BHW: PFSA issues individual dividend recommendations NEUTRAL * PKO BP: may be interested in increasing its stake in Bank Pocztowy * PGNiG: signs MOU with Mari Petroleum Company in Pakist...

Research Team

WOOD Morning (13 March)

HEADLINES: * Norilsk Nickel: don't beliEVe the hype (HOLD - reinitiation of coverage) * CCC: 4Q soft, as expected NEGATIVE * Motor Oil Hellas: 4Q17 results, great performance despite market conditions POSITIVE * National Bank: impact of IFRS 9 implementation * JSW: 4Q financial results - 29% miss vs. consensus EBITDA on higher costs, despite improved pricing NEGATIVE * Gubretas: 4Q17 review - beats both consensus and our expectations POSITIVE * Eurobank: 4Q17 - reassuring asset quality trends should please investors * MOL: announces dividend proposal of HUF 127.5/s...

Research Team

WOOD Morning (28 February)

HEADLINES: * Emerging Europe Refining: repeats now showing (TUPRS, ELPE, LTS and NIS upgraded to BUY; MOL & MOH stay BUY; PKN stays HOLD) * EME Macro/Strategy: attention! Something is not right * Coca-Cola Icecek: 4Q17 results - strong beat on EBITDA, higher-than-expected dividend proposal POSITIVE * Erste Bank: 4Q17 - beat on lower income tax; strong revenue delivery; DPS in line with expectations NEUTRAL * Play Communications: 4Q17 results in line; guiding for a stable dividend yoy in 2019E POSITIVE * Eurocash: 4Q17 review - another miss on costs, new super(market) strat...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch