Raiffeisen Bank International AG - Institutional Equity

The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.

The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.

OMV OMV AG
CCC CCC SA ... (+3)

Raiffeisen Research Institutional Equity Daily 02.12.2022

• Austrian banks asking for the review of new mortgage loan limits • OMV introduces new corporate structure • AGRANA informs about product innovations • CCC Q3 net loss of PLN 65 mn but November trading update upbeat • VIG's A+ rating with stable outlook confirmed by S&P

Raiffeisen Research Institutional Equity Daily 01.12.2022

 AT: Mayr-Melnhof - EGM to be convened EGM on December 22 (neutral)  AT: Telekom Austria - Baa1 rating affirmed by Moody's (neutral)  CZ: CEZ - CEZ received three bids for new nuclear power plant in Dukovany (neutral)  HU: MOL - Closing the purchase of Lotos filling stations (neutral)  PL: PKN - Finalizing the acquisition of Lotos (neutral)  PL: PKO - Rising risk costs in 2023 (neutral)

Raiffeisen Research Institutional Equity Daily 30.11.2022

 MSCI November Index Review - Standard indices (STD) changes: DEL: Orange Polska; SmallCap indices (SC) changes: DEL: FACC, Telekom Austria;  AT: Andritz - Andritz to supply equipment to Sappi in Austria (neutral)  AT: OMV - Market rumors about Carlyle's interest in OMV's upstream assets (neutral)  AT: Vienna Insurance Group - Hartwig Löger confirmed to become CEO (neutral)  PL: LPP - CEO states company has prepared for weaker sales in coming months (negative)  PL: Santander Bank Polska ...

Rosenbauer confirmed at HOLD, TP EUR 38 - Model update: Cutting FY 22 ...

We maintain the HOLD recommendation but tweak the target price to EUR 38 from EUR 39 We project break-even EBIT (guidance: positive EBIT) and a net loss for FY 22e. We think a dividend omission is well possible Given several guidance revisions in the last two years, a track record needs to be restored. We think there is reason to believe that next year could mark a turning point Apart from a certain relief from retreated material costs and less strained supply chains as well as the non-recurrenc...

Raiffeisen Research Institutional Equity Daily 29.11.2022

 AT: AGRANA - Defining sustainability targets (neutral)  AT: Andritz - Andritz received a follow-up tissue machine order from Xuan Mai paper in Vietnam (neutral)  AT: Telekom Austira - No agreements treached in wage negotiations (neutral)  DE: Encavis - Encavis acquired a 55 MW solar park in Spain (neutral)  PL: PKN - Solid earnings despite a less supportive macro environment (positive)

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