Report
Research Team

WOOD Daily: KSPI US; ALARABIA AB; SOLUTION AB; HTO GA; GR macro/banks; PEO PW; CPS PW; GPP PW; ETEL EY

HEADLINES:
• Kaspi.kz: agrees to acquire Türkiye's Hepsiburada NEUTRAL
• Kaspi.kz: 3Q24 highlights - on track to meet guidance NEUTRAL
• Al Arabia: MBC Group sells 4.9% of shares of Al Arabia NEGATIVE
• Solutions by STC: establishment of JV with Jedco completed NEUTRAL
• OTE: ANAF imposes EUR 33.5m in additional tax charges related to alleged VAT and CIT miscalculations NEGATIVE
• Greece macro/banks: BOG increases the countercyclical capital buffer rate to 0.25%, with effect from October 2025E NEUTRAL
• Bank Pekao: 3Q24E preview (due on 7 November)
• Cyfrowy Polsat: 3Q24E preview - 11% increase yoy in adj. EBITDA expected (due on 20 November)
• Grupa Pracuj: 3Q24E results preview - 4% yoy adj. EBITDA growth expected (due on 21 November)
• Telecom Egypt: 3Q24E results preview (due November 2024)
Underlyings
ARABIAN CONTRACTING SERVICES CO

ARABIAN INTERNET & COMMUNICATIONS SERVICES CO

BANK POLSKA KASA OPIEKI SA

Bank Polska Kasa Opieki (the Bank) is a commercial bank providing a range of banking services, mainly in Poland. The segments of the Bank are as follows: Retail banking, which comprises all banking activities related to retail customers and small and micro companies; Private banking, which comprises all banking activities related to the affluent individual customers; Corporate and Investment banking, which comprises all banking activities related to the companies, interbank market, debt securities and other instruments; and Assets and Liabilities Management and other, which is engaged in the supervision and monitoring of fund transfers, and other activities centrally managed.

Cyfrowy Polsat SA

GRUPA PRACUJ DA

Hellenic Telecommunications Organization SA

Hellenic Telecommunications Organization is a full-service telecommunications group. Co. provides local, long-distance and international fixed-line telecommunications services in Greece and Romania, and mobile telephony services through its Cosmote subsidiary in Greece, as well as in Albania, Bulgaria, the Former Yugoslav Republic of Macedonia and Romania. Co. also provides internet access services and Internet Protocol (IP) -based telecommunications applications, as well as information technology application development and hosting services using IP technologies. Also, Co. provides several other telecommunications services, including value-added services and public telephone services.

Kaspi kz

Telecom Egypt

Telecom Egypt is a telecommunications provider in Egypt and is engaged in the provision of fixed-line services in the Middle East. Co. offers a fixed line and retail telecommunications services and provides wholesale telecommunications services. Co. provides retail telecommunication services including access, local, long distance and international voice, internet and data, and other services. Co. also provides wholesale services including broadband capacity leasing to ISPs, and national and international interconnection services. Co.'s internet and data services include the provision of internet broadband access data transmission services and leased lines.

Provider
Wood and Company
Wood and Company

WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.

A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.

Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.

We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.

Analysts
Research Team

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