Concorde Securities - Duna House (DUNAHOUSE) Duna House - Good result, spectacular guidance, low valuation!

Report

Concorde Securities

Gellert Gaal

Duna House - Good result, spectacular guidance, low valuation!

In short:
 DH reported its Q4 and FY guidance, proposed a HUF 32 per share dividend
(DY: 6.5%) and gave a very promising guidance for 2022.

03/03/2022 EN

Underlying

Duna House

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HU0000177613 Budapest Stock Exchange Hungary

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

Gellert Gaal

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Duna House - Good result, spectacular guidance, low valuation!

Italian intermediation is on the rise

The Rear-View Mirror – EME markets: Poland outperforms; Türkiye declines

Above guidance results in ‘24, strong mid-term growth strategy announced

Guidance beat, trends remain unchanged in Q4

Italian intermediation is on the rise

Strong fundamentals with limited downside risks

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