Report
Research Team

WOOD Daily: JAHEZ AB; THYAO TI; MGROS TI; BRISA TI; AEFES TI; SAB1L LH; SNP RO; CZ Macro; PCF PW; HUG PW; TEN PW; WPL PW; CPS PW; MYTIL GA; BRD RO; SOLUTION AB

HEADLINES:
• Jahez: entering new markets (stays HOLD)
• Turkish Airlines: 1Q23 - stellar pax yields, partly offset by higher CASK and declining cargo yields POSITIVE
• Migros: 1Q23 results - strong beat POSITIVE
• Brisa: small 1Q23 beat, driven by continuing margin recovery POSITIVE
• Anadolu Efes: strong operating results in 1Q23 POSITIVE
• Siauliu Bankas: 1Q23 - solid start to the year POSITIVE
• OMV Petrom: Chamber of Deputies approves solidarity tax law, including tax on processed crude
• Czech Republic macro: CNB steps up hawkish demeanour
• PCF Group: PCF Canada signs term sheets for CAD 9.2m credit facility agreements NEUTRAL
• Huuuge Games: April bookings estimate down by 7% mom, flat bookings in core titles NEGATIVE
• Ten Square Games: April bookings down 17% mom, declines in all key titles NEGATIVE
• Wirtualna Polska/Cyfrowy Polsat: WP TV audience share at 0.57%, while CPS at 21.52% in April 2023 NEUTRAL
• Mytilineos: strong 1Q23E numbers expected, with net income up 52% yoy (due out today)
• BRD-GSG: 1Q23E results preview (due on 12 May)
• Solutions by STC: 1Q23E - expecting strong growth, moderate margins (due next week, date TBC)
Underlyings
ARABIAN INTERNET & COMMUNICATIONS SERVICES CO

BRD-Groupe Societe Generale

Brisa-Bridgestone Sabanci Lastik Sanayi ve Ticaret A.S.

Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret is engaged in the manufacture and sale of vehicle tires for domestic and foreign brands.

Cyfrowy Polsat SA

JAHEZ INTERNATIONAL CO

Migros Ticaret A.S

Migros Ticaret is a retailing group based in Turkey. Co. offers spacious stores in a wide range of formats and locations whose vast selection of stationery, glass and kitchenware, appliance, book, clothing, and other items along with groceries and other necessities. Co. maintains a store network of 1,004 national and international locations with a national presence in 70 provinces in Turkey's seven geographical regions. Store brand names include M, MM, MMM, 5M, MigroJet, Tansas, Macrocenter and Ramstores. Co. also provides customers alternatives such as internet, call centers, kiosks, catalogues, and mobile shopping networks.

MYTILINEOS S.A.

Mytilineos Holdings is an industrial group engaged in the sectors of Metallurgy, EPC, Energy, and Defence. Co. and its subsidiaries are engaged in three main operating business segments: Metallurgy, Constructions and Energy. Co. and its subsidiaries monitor its performance on Metallurgy and Mining Sector through the subsidiaries Aluminium S.A. (Alumina-Aluminium) and Sometra S.A. (Zinc-Lead). Co., through its subsidiary, METKA S.A., is an EPC Constructor in Greece.

PCF Group SA

Petrom S.A.

Siauliu Bankas

Siauliu bankas AB is a Lithuania-based company engaged in the provision of commercial banking and financial services to private and corporate clients. It offers such services as provision of bank accounts, offering the debit and credit cards and safety deposit boxes, cash and non-cash money transfers, operations with securities, currency exchange, lending and investment services, Internet banking, financial brokerage and real estate development. It also issues monetary warranties, guarantees and other warranty liabilities, as well as performs operations with payable documents, such as checks and others. The Bank has several branches, numerous client service units and subsidiaries.

Ten Square Games

Ten Square Games SA is a Poland-based mobile games development company. The Company is focused on 3D simulation hobby games for people who seek outdoor experiences on their mobile devices, like fishing or hunting games. Its games are available on social platforms, a network of partner sites, as well as on Google Play, App Store and Microsoft Store.

Turk Hava Yollari A.O.

Turk Hava Yollari is engaged in the airline industry with the airline flying to 103 destinations, throughout Turkey and internationally. As of the year end, Co. maintains 66 aircrafts with a total seat capacity of 10,672, and leases a A300-200 cargo aircraft. Co. has various services for their customers which include: various ways of checking in and on-line ticket sales.

Wirtualna Polska Holding SA

Wirtualna Polska Holding SA is a Poland-based holding company. The Company owns entities that are engaged in the Internet publishing and broadcasting content, including operating business, technology, sports and entertainment portals, as well as electronic mail (e-mail) and electronic commerce (e-commerce). It also offers a range of advertising products, including display ads. The Company operates through such Internet portals as Wirtualna Polska, o2.pl, Money.pl, WP SportoweFakty, Dobreprogramy.pl, WP Parenting, Domodi and Homebook, among others. The Company operates domestically.

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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