MBank S.A.: 1 director

A director at MBank S.A. sold 75 shares at 998.000PLN and the significance rating of the trade was 51/100. 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 board member...

WOOD Daily: PE RO; PL Banks; DNP PW; BDX PW; KAP LI; MBR PW; CPS PW; TBCG LN; MOH GA; SFG RO

HEADLINES: • Premier Energy: focus on RES (HOLD - initiation of coverage) • Polish banks: FinMin may raise CIT rate for the banks, some offset may come from slight cut in the bank tax NEGATIVE • Dino: 1-5% EBITDA miss in 2Q25; FY25E lfl guidance cut to mid-single digits NEGATIVE • Budimex: final 2Q25 results fully confirm prelims NEUTRAL • Kazatomprom: 2Q25 results NEUTRAL • Mo-BRUK: earnings call takeaways – optimistic outlook for 2H25E POSITIVE • Cyfrowy Polsat: key takeaways from the 2Q25 earnings call NEGATIVE • TBC Bank: TBC Uzbekistan acquires country’s leading classifieds business • Mot...

WOOD Flash – Polish banks: FinMin may raise CIT rate for the banks, some offset may come from slight cut in the bank tax

We see this news as outright negative, which could halt the robust share price performance of the Polish banks, for some time at least. One aspect is the direct financial impact of the proposed tax regime change for the sector, and another is that such a change could reduce trust in the stability of the operating backdrop of banking (and other sectors, potentially) in Poland. This could result in international investors applying a higher market risk premium to the Polish market, going forward, in our view. We estimate a 2026E net profit hit of even up to 18%, on average, but we note that the f...

Oddo’s 2 Weeks Ahead_Friday 22 August 2025

Oddo’s 2 Weeks Ahead_Vendredi 22 Août 2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 08/22/2025