Report
Daniela Mandru
EUR 450.00 For Business Accounts Only

SNP RO | 15% Upside| Significant upward revision to FY'19E net | BUY

Cheap | Significant upward revision to FY'19E net

* We update our view on OMV Petrom with a BUY recommendation and a target price per share of RON 0.449, up from RON 0.392 (TP ex-dividend) previously. We revised FY’19 net profit estimate up from RON 2,856m previously to RON 4,009m (-2% Y/Y) on higher-than-initially expected oil&gas prices and on strong USD appreciation against RON

Underlying
Petrom S.A.

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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