Report
Research Team

WOOD Daily: TLV RO; ELPE GA; KRU PW; TEL RO; KZ Macro; SNN RO; SNP RO; 4IG HB; FP RO

HEADLINES:
• Banca Transilvania: large beat on 4Q22 net profit, no cash dividend
• HELLENIQ Energy: 4Q22 results - strong CCS EBITDA, "solidarity contribution" generates net loss
• Kruk: 2022 net profit at PLN 805m - preliminary statement NEUTRAL
• Transelectrica: 4Q22 preliminary results in line with the figures released with the 2023 budget
• Kazakhstan macro: NBK signals that cuts will not start before 2H23E
• Nuclearelectrica: takeaways from the 4Q22 earnings call
• OMV Petrom: to pay the solidarity tax, according to the Finance Minister NEGATIVE
• 4iG: increases its stake in Space-Communications from 9.538% to 20% NEUTRAL
• Fondul Proprietatea: Hidroelectrica 4Q22E earnings preview (due out tomorrow)
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.

Banca Transilvania S.A.

C.N.T.E.E. Transelectrica

Fondul Proprietatea S.A. GDR (Reg S)

Kruk S.A.

Kruk SA. Kruk SA is a Poland-based company, which is engaged in the business support industry. The Company is a multi-operator, which offers loss prevention and debt collection services. The Company divides its business into two main operating segments: Debt Purchase, including acquisition of non-performing debt portfolios, and Debt Collection Outsourcing, offering fee-based collection of debt on client's behalf, focused on consumer and corporate loans. The Company provides services to financial institutions and large corporate customers. It manages receivables of banks, credit intermediaries, leasing companies and digital platform providers, among others. The Company's operating activities concentrate in a number of countries, such as Poland, Romania, Czech Republic, Slovakia and Spain. The Company's subsidiaries include Kruk Deutschland GmbH, Presco Investments Sarl and Espand Soluciones de Gestion y Recuperacion de Deuda SL, among others.

Petrom S.A.

Societatea Nationala Nuclearelectrica SA

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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