Report

Raiffeisen Research Institutional Equity Daily 06.10.2022

 AT: BAWAG Group - Q3 pre-earnings call notes (positive)
 Oil & Gas - Oil price cap: EU ambassadors agree to impose a price cap on Russian oil
 Oil & Gas: OPEC+ meeting - OPEC+ decided to cut its daily production by 2.0 mn bbl in November
 PL: Alior Bank - Adjustment to the initial loan moratoria impact for Q3 (negative)
 PL: Answear - Preliminary Q3 revenues reach PLN 233 mn (+50% yoy) beating our estimate by 13.7% (positive)
 PL: Banks - Restructuring GNB/Velobank plans a return to growth path (neutral)
 PL: LPP - Q2 22/23 EBITDA modestly (4.5%) ahead of consensus, more Western European expansion planned (neutral)
 RO: Banca Transilvania, BRD-GSG - National Bank of Romania raises key interest rate by 75 bps to 6.25% (positive)
 RO: One United Properties - One bought Eliade Tower for EUR 9.5 mn (positive)
Underlyings
Alior Bank SA

Alior Bank is a universal lending and deposit-taking bank which renders services to individuals, legal persons and other entities which are Polish and foreign persons. Co.'s core activities include maintaining bank accounts, granting loans and advances, issuing banking securities and purchasing and selling foreign currency. Co. also conducts brokerage activities, consulting and financial agency services and renders other financial services.

Banca Transilvania S.A.

BAWAG Group AG

Bank fuer Arbeit und Wirtschaft is engaged in financial services. Co. maintains four segments: Retail and Corporate Customers, Key Accounts, Financial Markets, and Real Estate and Leasing. The Retail and Corporate Customers provides accounts and cards, e-banking, payments, savings, private and pension investments, and financing and leasing services to small and medium-sized enterprises. The Key Accounts segment involves in documentary business, financing, international payments, and e-banking activities. The Financial Markets segment provides treasury and investment banking. The Real Estate and Leasing segment includes real estate projects financing and real estate leasing activities.

BRD-Groupe Societe Generale

LPP S.A.

LPP SA Gdansk is clothing manufacturing group based in Poland. Co. is engaged in the design and distribution of clothing. Co.'s headquarters is located in Gdan'sk, including designing resources for all its brands. Co.'s stores offer its customer products that include jackets, shirts, sweaters, dresses, skirts, trousers, jeans, underwear and garment products. Co. also sells promotion clothing under a special selected brand. Co.'s product offering is addressed to a variety of customers for whom separate brands and chain stores are set up. Co. launches clothing under such brand names as: RESERVED, CROPP, MOHITO, HOUSE, and PROMOSTARS.

ONE UNITED PROPERTIES SA

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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