Swiss Capital S.A. - Societatea Energetica Electrica (ELSA) EL RO Update | TP: RON 12.86 | NEUTRAL

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Swiss Capital S.A.

EUR 450.00 For Business Accounts Only

EL RO Update | TP: RON 12.86 | NEUTRAL

Limited upside potential

We update our view on Electrica with a NEUTRAL recommendation and a target price of RON 12.86 per share. Ex-dividend, our TP would adjust to RON 12.13/share.

15/04/2019 15 EN

Underlying

Societatea Energetica Electrica

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US83367Y2072 London Stock Exchange Romania

Provider

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.

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

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EL RO Update | TP: RON 12.86 | NEUTRAL

The Rear-View Mirror – EME markets: all geographies in the green in April

WOOD Daily: LAMDA GA, EL RO, PEO PW, 11B PW, SNN RO, EMEA airlines, BUD PW

The Rear-View Mirror – EME markets: mixed market performances in March

Weekly Picks on Bucharest Stock Exchange, July 15, 2019

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

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

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