WOOD Daily: DOC AV; DIA PW; ALR PW; MONET CP; MYTIL GA; 11B PW; MBR PW; OPL PW; OPL PW; WPL PW; DSPW CP; TL Banks; SIPCHEM AB; TOASO TI; FROTO TI; TKNSA TI; BRD RO; OMV AV

HEADLINES: • DO & CO: the art of the meal (BUY - initiation of coverage) • Diagnostyka: strong 4Q24, in line with the prelims NEUTRAL • Alior Bank: 1Q25 a little below 1Q25E expectations, but valuation (1Q25 P/BV at 1.2x) still very low NEUTRAL • MONETA Money Bank: 1Q25 results almost in line with expectations, ROE of 18% fully priced in by 1Q25 P/BV of 2.2x NEUTRAL • Metlen Energy & Metals: 1Q25 sales +31% yoy, to EUR 1.5bn, in line NEUTRAL • 11 bit studios: strategy update, expands pipeline to five internal games in parallel, Frostpunk 1886 reveal POSITIVE • Mo-BRUK: 4Q24 earnings call takea...

The Rear-View Mirror – EME markets: Poland outperforms; Türkiye declines

EME Equity Market – February 2025 Poland outperforms, again; Türkiye declines. The MSCI EM Europe Index advanced by 3.1% in EUR terms and 2.9% mom in USD terms in February. The Polish WIG20 was, once again, the best performer, adding 7.3% mom in February; followed by the Czech PX Index (+6.1% mom); while Greece (+3.8% mom), Hungary (+3.5% mom) and Romania (+3.0% mom) all reported rather similar performances. The Turkish ISE30 was the worst performer, declining 4.5% mom.

ODDO : Expansion of our coverage as the ODDO BHF- Raiffeisen Bank International partnership takes effect

Weekly Picks on Bucharest Stock Exchange, July 15, 2019

Dear all, Please find attached our latest Weekly Picks report.

TEL RO | Massive CAPEX plan is essential for profit recovery | SELL

We reiterate our SELL recommendation on Transelectrica with a target price of RON 17.1 per share.

SNN RO | Dirt-cheap | Double digit DIVYs for less than 2x FY'19e EBITDA | FY'19 Best year ever | STRONG BUY

Dirt-cheap | Double digit DIVYs for less than 2x FY'19e EBITDA | FY'19 Best year ever We update our view on Nuclearelectrica with a STRONG BUY recommendation and a target price of RON 13.90 per share.