Report

Raiffeisen Centrobank Equity Daily 05.06.2020

ï‚§ WIG20/WIG30 indices review - No changes in constituents
ï‚§ AT: Addiko Bank - Prolongation of management board mandates (neutral)
ï‚§ AT: AT&S - Broadcom earnings call hints iPhone delay, strong cloud visibility for 11 weeks (neutral)
ï‚§ PL: Retail - Mall traffic at 60-70% of pre-lockdown level (neutral)
ï‚§ RO: Fondul Proprietatea - Hidroelectrica's shareholders approved special dividend proposal of RON 750 mn (positive)
ï‚§ RO: Romania - Emergency ordinance 114 might make a surprise comeback soon (negative)
ï‚§ RU: Tatneft - 1Q 20 IFRS results slightly weaker than expected on EBITDA, but FCF came in above expectations (positive)
ï‚§ CEE Macro Daily
Underlyings
Addiko Bank

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft

AT&S Austria Technologie und Systemtechnik is engaged in the production of printed circuit boards. Co. has three core printed circuit board businesses: Mobile Devices, Automotive and Industrial. Co.'s product assortment ranges from single and double-sided printed circuit boards to multilayer, flexible and rigid, insulated metallic substrate, nucleus, to laser drilled circuit boards. Co.'s products are used as electromechanical linking elements, mainly in the telecommunication sector, automobile industry and medical technology applications, defense and aerospace.

S.C. Fondul Proprietatea S.A.

Provider
Raiffeisen Bank International AG - Institutional Equity
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.

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