Tatneft PJSC and its subsidiaries are engaged in crude oil exploration, development and production principally in the Republic of Tatarstan, Russia. Co. is a holding structure, which incorporates oil and gas production boards, crude oil and gas refining companies, as well as enterprises and servicing works selling the crude oil and also the products of crude oil and gas refining and petrochemical products. In addition to this, Co. is also participating in the banking and insurance activities. Co.'s operations are divided into the following main segments: Exploration and Production; Refining and Marketing; and Petrochemicals.
Raiffeisen Centrobank (RCB) is a leading investment bank in Austria and the CEE region and the competence center for equities of the Raiffeisen Banking Group. The bank covers the entire spectrum of services and products around equities, derivatives and equity capital transactions and is a pioneer and market leader in the field of structured products.
RCB Company Research offers you access to in-depth equity research and the latest news on listed Austrian and CEE companies. The research universe comprises roughly 130 stocks from Austria, CEE and Russia. The Company Research team of RCB consists of roughly 20 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.
AT: EVN - EVN to raise Austrian gross household price by 11% in 2022 (neutral) HR: Valamar Riviera - Expansion of business activities in Austria (neutral) PL: Santander Bank Polska - Interview with the CEO for PAP (neutral) RO: Digi Communications - Digi buys spectrum in Romanian auction for EUR 42.7 mn (positive) RU: Tatneft - Board proposed interim DPS of RUB 9.98 for Q3 21 (neutral)
MARKET COMMENT - ACUTE POLITICAL RISK PERCEPTIONS CALM ON LITTLE NEWS; OIL, RUBLE RALLYThe RTS rallied 2.1% to 1,662 on well-elevated turnover, versus the previous day's 5.5% decline also on double the usual turnover. Futures are up another 2% this morning. A more than 3% rally in oil has provided background support, while the ruble rallied more than 1% in the late evening after news emerged that top Russian and US military commanders had held a phone call. Global stock market trends also provide background support. STORIES> Tatneft BoD recommends DPS of R9.98 for 3Q21> October sees slowdown i...
Semperits share price performance largely reflects the re-setting of expectations for Sempermed Glove prices peaked over spring. Industry intelligence suggests a price normalisation in Q1 or early Q2 22 at levels north of the pre-pandemic level We identify convincing M&A or dividend clarity as potential triggers. Both lack visibility at this stage Fixing the return dilution of Sempertrans remains another optionality in the investment case We continue to see compelling value in Semperit shares at P/B of 1.1x and EV/EBITDA of 4.4x We retain the BUY call but cut the TP to EUR 33.5 from EUR
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