SNG RO| TP: RON 30.01/share| NEUTRAL
Better-than-expected gas prices and lowering exploration expense
* We update our view on Romgaz with a NEUTRAL recommendation and a target price per share of RON 30.01, up from RON 24.97 (TP ex-dividend) previously. We revised our FY’19 net profit estimate up from RON 1,044m previously to RON 1,212m (-11% Y/Y) on higher-than-initially expected gas prices and on lowering exploration expenses.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.