Report
Research Team

WOOD Daily: MCOVB SS (BUY – initiation of coverage); HTO GA (upgrade to BUY); ETE GA; PCF PW; MBK PW; INPST NA; ALE PW; 11B PW; ADNOCDRI UH; EME Macro/Strategy

HEADLINES:
• Medicover: private healthcare pioneer keeps on rolling (BUY - initiation of coverage)
• OTE: safe dividend play (upgraded to BUY)
• National Bank of Greece: HFSF launches the sale of a 10% stake in NBG NEUTRAL
• PCF Group: 2Q24 results in negative territory, below our expectations NEGATIVE
• mBank: issues traditional profit warning related to the CHF mortgage saga, ahead of 3Q24E results NEUTRAL
• InPost: 4.9% price hike for Allegro NEUTRAL
• Allegro: introduction of spirits from 21 October POSITIVE
• 11 bit studios: Frostpunk 2 falls to #46 on the Steam top seller list, player reviews stay at 74% positive NEUTRAL
• ADNOC Drilling: signs unconventional agreements and accelerates development plan NEUTRAL
• EME Macro/Strategy: macro all-in-one (23-29 September)
• Short News (DAT, WPL)
Underlyings
11 Bit Studios S.A.

11 BIT STUDIOS SA is a Poland-based company engaged in the game development industry. Its product portfolio includes four games: Anomaly Korea, Sleepwalker's Journey, Funky Smugglers and Anomaly Warzone Earth. The Company produces video games for different devices, such as video consoles, personal computers (PC), and Apple products (iPhone, iPad), among others.

ADNOC DRILLING CO

Allegro.eu SA

Hellenic Telecommunications Organization SA

Hellenic Telecommunications Organization is a full-service telecommunications group. Co. provides local, long-distance and international fixed-line telecommunications services in Greece and Romania, and mobile telephony services through its Cosmote subsidiary in Greece, as well as in Albania, Bulgaria, the Former Yugoslav Republic of Macedonia and Romania. Co. also provides internet access services and Internet Protocol (IP) -based telecommunications applications, as well as information technology application development and hosting services using IP technologies. Also, Co. provides several other telecommunications services, including value-added services and public telephone services.

InPost S.A.

MBANK SA

mBank is a provider of comprehensive corporate banking services in Poland. Co. and its subsidiaries make up the mBank Group which is engaged in offering financial services. Co.'s service offering includes a comprehensive financial offer tailored to the needs of corporate clients, Private Banking clients, and retail clients. The business activities of Co. is conducted in the following business segments: Retail Banking and Corporates and Markets.

Medicover AB

Medicover AB is a Sweden-based healthcare and diagnostic services provider. It offers a broad range of healthcare services and hub-and-spoke diagnostic laboratory network, supported by proprietary software and information systems infrastructure. The Company offers its services through two divisions: Healthcare Services and Diagnostic Services. The Healthcare Services division offers services ranging from primary care to specialist outpatient and inpatient care. The care is delivered mainly through Medicover's own network of clinics and medical facilities. The Diagnostic Services division offers a broad range of diagnostic laboratory testing for humans and some veterinary services across all main clinical pathology specialties. The Company focuses primarily on such markets, as Poland, Germany, Romania, Ukraine.

National Bank of Greece S.A. ADS

PCF Group SA

Provider
Wood and Company
Wood and Company

WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.

A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.

Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.

We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.

Analysts
Research Team

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