Report

Raiffeisen Centrobank Equity Daily 23.01.2020

ï‚§ AT: Andritz - Andritz gets mid triple-digit pulp order from UPM (positive)
ï‚§ AT: EVN - EUR 1.6 bn Kuwait sewage treatment plant and network order finally officially awarded (positive)
ï‚§ HU: Magyar Telekom - Hungarian central bank formally asked MTEL for explanation on handling inside information (neutral)
ï‚§ RO: Romgaz - Deadline for construction of Iernut power plant delayed until end-May (neutral)
ï‚§ RU: Novatek - The company plans expansion of Ust-Luga complex and increase payouts (positive)
ï‚§ SI: NLB Group - Another subordinated notes issue planned (neutral)
ï‚§ CEE Macro Daily
Underlyings
ANDRITZ AG

Andritzis develops production systems and industrial process solutions for standard and specialized products. Co. maintains five business areas. Pulp and Paper provides technology and services for production of various grades of pulp and fiber for the manufacture of paper, board and tissue. Metals develops and manufactures plants for the production of cold-rolled carbon steel, stainless steel, and non-ferrous metals strip. Environment and Process provides products and services for mechanical and thermal solid or liquid separation. Feed and Biofuel develops and produces equipment for production of feed. Hydro supplies turnkey electromechanical equipment and services for hydro power plants.

EVN AG

EVN is an energy and environmental services provider. Co.'s segments include: generation, which is engaged in electricity generation; energy trade and supply, which is engaged in the procurement of electricity; network infrastructure Austria, which is engaged in the operation of regional electricity and natural gas networks; energy supply South East Europe, which is engaged in operation of electricity networks and electricity, and energy trading; environmental services segment, which is engaged in among others, drinking water supply, as well as international project business; and strategic investments and other business segment, which is engaged in strategic and other investments.

Magyar Telekom Telecommunications

Magyar Telekom is engaged in the providing fixed line and mobile telecommunication services for public and business customers. Co. provides voice and non-voice (SMS, MMS, internet, data and content provision) within mobile services; voice, data, internet and TV services within fixed line services. In addition, Co. sells equipment needed for using fixed line and mobile services (telephones, tablets, notebooks, TV sets etc.).

Nova Ljubljanska Banka DD Ljubljana

NLB dd is a Slovenia-based company, which is primarily involved in the financial services industry. The Company operates as a parent company of NLB Group and has a number of subsidiaries, such as NLB Banka Banja Luka, NLB Banka Sarajevo, NLB Banka Prishtina, NLB Nov penziski fond Skopje, NLB Tutunska Banka Skopje, NLB Bank Podgorica, Bankart, Nova ljubljanska banka, NLB Skladi, NLB Vita, NLB Banka Belgrade, NLB Srbija Beograd, NLB Leasing Sarajevo, Prvi Paktor Sarajevo, NLB Leasing Sofia, Optima Leasing Zagred, among others. The Company operates in such countries, as Slovenia, Bosnia and herzegovina, Kosovo, Macedonia, Montenegro, Serbia, Bulgaria, Croatia, Czech Republic, Germany, Italy, Switzerland, among others.

NOVATEK JSC

Novatek is an independent gas producer and natural gas producer in Russia. Co. is engaged in the exploration, production, and processing of natural gas and liquid hydrocarbons. Co.'s upstream activities are concentrated in the Yamal-Nenets region, which is a natural gas producing area and accounts for a significant part of Russia's natural gas production. Co.'s three core fields are located in the regions of Yurkharovskoye, East Tarkosalinskoye and Khancheyskoye. Co. maintains natural gas reserves of approximately 1,144 bcm. Co.'s total net proved reserves totals around 8,088 million barrels of oil equivalent (boe).

Novatek Microelectronics Corp.

NOVATEK MICROELECTRONICS CORP. is a Taiwan-based company principally engaged in the research, development, design, manufacture and distribution of wafers. The Company's primary products include flat-panel display drive wafers and system-on-chip (SOC) wafers. The flat-panel display drive wafers mainly include large-size panel drive wafers, light emitting diode (LED) drive wafers, as well as mobile communication portable consumer panels drive wafers. The SOC wafers include liquid crystal display (LCD) panel control wafers, digital set top box and multimedia control wafers, digital still camera control wafers, digital video disk (DVD) player wafers, digital photo frame wafers and image sensor wafers. The Company mainly operates its businesses in Taiwan and the Asian-Pacific regions.

Societatea Nationala De Gaze Naturale ROMGAZ 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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