Report
Research Team

WOOD Daily: BGEO LN; GSPARK HB; RU Macro; HU Macro; EME Strategy – FTSE; SHO PW; ROSN LI; PL Banks; CCC PW; 4IG HB; ALRS RM; FOYRK GA; RICHT HB; AST PW; CCH LN; ALR RO; TLV RO; EL RO; M RO; ALRS RM; POLY LN

HEADLINES:
• Bank of Georgia: 4Q21 highlights - good performance on NIM, similar trends vs. peer
• Graphisoft Park: 4Q21 - stable results, guidance increased slightly, DPS proposal implies 4% yield NEUTRAL
• Russia macro: initial sanctions from the EU and the US
• Hungary macro: MNB hikes by 50bps, to 3.40%, as expected
• EME Strategy: FTSE monitoring the situation in Russia; MSCI publishes Q&As on treatment of Russia NEUTRAL
• Shoper: call takeaways - 2022E focus on revenue growth and further investments NEUTRAL
• Rosneft: presents 2030 strategy, aiming to double the FCF, pay off debt and increase dividends NEUTRAL
• Polish banks: BFG hikes annual contributions, but almost in line with expectations on headline number
• CCC: CEO claims capex plans may be adjusted for economic reality POSITIVE
• 4iG: acquires 71.6% stake in Antenna Hungaria NEUTRAL
• Alrosa: De Beers raises prices of smaller diamonds by c.5% at February sale POSITIVE
• Fourlis: completion of acquisition of retail park in Thessaloniki POSITIVE
• Richter: AbbVie submits Vraylar for MDD indication NEUTRAL
• Astarta Holding: intends to build new sugar storage facility for c.USD 15m NEUTRAL
• Coca-Cola HBC: coverage under review
• Alro: 4Q21E results preview (due on 25 February)
• Banca Transilvania: 4Q21E results preview (due on 25 February)
• Electrica: 4Q21E results preview - potential losses (due on 25 February)
• MedLife: 4Q21E results preview (due on 25 February)
• Alrosa: 4Q21E preview - EBITDA to decline qoq; dividend yield 6.1% (due on 2 March) NEUTRAL
• Polymetal: 2H21E preview - financials to rise on seasonality, 3% dividend yield (due on 2 March) NEUTRAL
• Short News (CAR, FP, EEG1T)
Underlyings
4iG Nyrt

4iG Nyrt. 4iG Nyrt, formerly Freesoft Szoftverfejleszto es Szamitatechnikai Szolgaltato Nyrt is a Hungary-based company engaged in providing software products and consultancy. The Company's activities include development and implementation of specific, custom-made software systems, document management, knowledge management, portal and collaboration applications, complex services for business needs in the areas of implementation, support and consultation, intranet- and Internet-based development, services, graphical and creative design, and consultation, design, development and implementation of mobile business applications, as well as operation, support, outsourcing, application service provision (ASP), application portfolio management (APM), hosting and other services. The Company has three subsidiaries: Axis Consuling 2000 Kft, BankSoft Kft and HUMANsoft Kft.

Alro Slatina

ALROSA PJSC

AK Alrosa PAO. AK Alrosa PAO (Aktsionernaya kompaniya ALROSA PAO or ALROSA Company PJSC), formerly AK Alrosa OAO, is a Russia-based company which is principally engaged in the exploration, mining, manufacture and sales of diamonds. Its operations include five Integrated Mining and Processing Complexes: Mirny, Udachny, Aikhal, Anabar and Nyurba located in the Sakha Republic; sorting divisions and diamond cutting and polishing division. The Company is a member of variable diamonds associations. It operates through several representative offices, branches and subsidiaries, including Alrosa-Nyurba OAO, Almazy Anabara OAO and Severalmaz OAO.

Astarta Holding

Astarta is a holding company. Through its subsidiaries, Co. specializes in sugar production, crop growing and cattle farming, ensuring wholesale distribution of sugar for industrial consumers and individuals. Co. produces sugar primarily using its own-grown sugar beet. Co.'s products include sugar and sugar by-products, such as granulated sugar, molasses, and sugar beet pulp; agricultural products comprising barley, wheat, rye, sunflower seed, soy bean, corn, peas, and varietal and regular cycle seeds of agricultural crops; and cattle farming produce, such as milk and meat, as well as canned goods, fodder, and gas.

Banca Transilvania S.A.

Bank of Georgia

CCC SA

CCC is engaged in the wholesale and retail trade of clothing and footwear. Co. offers its products to wide range of consumers, from demanding clientele of trendy boutiques to value-oriented medium segment customers, to less wealthy customers seeking reasonably priced quality footwear. Co. pursues a strategy of brand diversification, which is reflected in its three autonomous distribution channels: a chain of official CCC stores, BOTI footwear shops and QUAZI boutiques. Co. offers more than 2,500 designs of footwear. Co. also owns more than 67 proprietary brand names e.g. Lasocki.

Coca-Cola HBC AG

Coca-Cola Hellenic Bottling Co. produces, sells and distributes an extensive portfolio of non-alcoholic ready-to-drink beverages. Co.'s business is engaged in producing, selling and distributing non-alcoholic ready-to-drink beverages under bottlers' agreements with The Coca-Cola Company. In some Territories, Co. also produces, sells, distributes and markets its own brands of juice and Water beverages. In addition, Co. bottles and distributes beer in Bulgaria and Former Yugoslav Republic of Macedonia and Co. distributes a selected number of third party premium spirit brands in certain central and eastern European operations.

Fourlis Holdings S.A.

Co. is engaged in the manufacture, import and distribution of electrical household appliances and the manufacture of FOURLIS kitchen hoods. In addition, through a subsidiary, Co. is engaged in the operation of a retail chain.

Graphisoft Park SE

Graphisoft Park SE Ingatlanfejleszto Europai Rt is a Hungary-based company engaged in the real estate operations. The Company operates as a holding and provides management, financial and administrative services to its subsidiaries. As of December 31, 2011, the Company operated two subsidiaries, Grpahisoft Park Kft, engaged in the real estate development; and Graphisoft Park Services Kft, responsible for property operation tasks. The total area of the Company's properties was nearly 18 hectares. As of December 31, 2011, the Company's two subsidiaries, Graphisoft Park Universitas Kft and GP3 Kft merged into Graphisoft Park Kft. As of December 31, 2011, the Company's parent entity was Graphisoft SE.

Med Life

Polymetal International Plc

Polymetal International is the ultimate parent entity of Polymetal Group, a precious metals mining group operating in Russia, Kazakhstan and Armenia. Co. has five reportable segments: Magadan; Ural; Khabarovsk; Kazakhstan; and Armenia. Each segment is engaged in gold, silver or copper mining and related activities, including exploration, extraction, processing and reclamation.

Rosneft Oil Co. Sponsored GDR RegS

Societatea Energetica Electrica

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
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