WOOD Daily: KMGZ KZ; MOL HB; SOLUTION AB; OPL PW; H2O RO; JMT PL; EL RO; SNN RO; KLKIM TI; CIMSA TI; BGEO LN
HEADLINES:• KazMunayGas: energy without the obstructions (BUY - transfer of coverage)
• MOL: 4Q23 results – net income well above expectations POSITIVE
• Solutions by STC: 4Q23 financial results review – miss on profitability estimates, but in line with 2023 guidance NEUTRAL
• Orange Polska: key takeaways from the 4Q23 earnings call NEUTRAL
• Hidroelectrica: price caps to remain in place until 31 March 2025 NEUTRAL
• Jeronimo Martins: another step from Biedronka on the way to ecommerce
• Electrica: distribution arm attracts EUR 171m non-reimbursable financing from the Modernisation Fund NEUTRAL
• Nuclearelectrica: signs MOU with Ansaldo Nucleare and SACE NEUTRAL
• Kalekim: announces its 2024E guidance POSITIVE
• Cimsa: new CAC production plant commissioned after trial production POSITIVE
• Bank of Georgia: potential acquisition in Armenia NEUTRAL
• Short News (H2O)
Cimsa Cimento Sanayi ve Ticaret is engaged in the cement industry. Co. produces and sells cement and ready-mixed concrete. As of Dec. 31, 2004, Co. maintains 17 ready-mixed concrete plants in 8 provinces.
Jeronimo Martins S.G.P.S. is a holding company. Through its subsidiaries, Co. is engaged as a food distribution company with operations in Poland and Portugal. Co. operates in four segments: Portugal Retail, which comprises the business unit of JMR - Gestao de Empresas de Retalho, SGPS, S.A. (Pingo Doce supermarkets); Portugal Cash & Carry, which includes the wholesale business unit Recheio; Poland Retail, which includes the business unit with the brand Biedronka; and Others, which includes marketing services and representations, restaurants in Portugal, health and beauty retail in Poland, and its retail business in Colombia.
Orange Polska SA is a supplier of telecommunications services in Poland. Co. provides services, including fixed-line telecommunication services, Integrated Services Digital Network, voice mail, dial-up and fixed access to the Internet and Voice over Internet Protocol. Co. is one of Poland's three DCS 1800 and GSM 900 mobile telecommunications providers. Co. provides also third generation UMTS services. In addition, Co. provides leased lines, radio-communications and other telecommunications value added services, sells telecommunications equipment, produces electronic phone cards and provides data transmission, telephone directories, multimedia services and various Internet services.
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.
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