Report
Daniela Mandru
EUR 450.00 For Business Accounts Only

SNG RO Update | TP: RON 29.14/share | NEUTRAL | Negative one-offs impact of RON 160m

One-off of more than RON 150m to negatively impact the end result in 2019

We update our view on SNG RO with a NEUTRAL recommendation and a target price of RON 29.14. Ex-dividend (RON 4.17 per share) our target price would adjust to RON 24.97 per share.

Underlying
Societatea Nationala De Gaze Naturale ROMGAZ SA

Provider
Swiss Capital S.A.
Swiss Capital S.A.

The largest Romanian independent broker/ investment bank  with specialized services for foreign and local institutional investors as well as HNWI/UHNWI/ Family Offices.
The reports issued by Swiss Capital include breadth of sector knowledge and have regular and thematic features. Swiss Capital provides After Market Support via fundamental analysis, road-shows or specific trading notes.
Ongoing cooperation and visits with management of various companies allows Swiss Capital to offer latest news and developments altogether with its own assessment of the overall impact in the market.

Analysts
Daniela Mandru

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