Concorde Securities - S.C. Bursa de Valori Bucuresti S.A. (BVB) BVB - Q1 could not have been better

Report

Concorde Securities

Hai Thanh Le Phuong

BVB - Q1 could not have been better

BVB reported net profit was RON 4.0 million, up by 36.7% y-o-y and down by 44.6% qo-q. Adjusting for the positive one-off in the last quarter, the net profit figure was actually higher by 35.2%.

09/05/2018 5 EN

Underlying

S.C. Bursa de Valori Bucuresti S.A.

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ROBVBAACNOR0 Bucharest Stock Exchange Romania

Provider

Concorde Securities

Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.

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Analysts

Hai Thanh Le Phuong

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BVB - Q1 could not have been better

WOOD Daily: ACP PW; PKO PW; ESLT IT; MGROS TI; PGSUS TI; LOGO TI; IGN1L LH; GSPARK HB; AQ RO; BVB RO; DAT PW; JAHEZ AB; RO Macro; VGO PW; PCF PW; SNG RO

WOOD Daily: PZU PW; CEZ CP; EUR PW; GPW PW; SFG RO; TLV RO; BVB RO; DIGI RO; M RO; SNG RO; ALARABIA AB; DAT PW; G2M SS; HTO GA; HTO GA; MTELEKOM HB; MTELEKOM HB; OTP HB; PKN PW; VGO PW; KMGZ KZ

The Rear-View Mirror – EME markets: Türkiye in the red, again

OMV resilient despite macro strain, Petrochemicals remain weak

Upgraded guidance creates more room for payout

Record Q clean EBIT overshadowed by one-offs

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