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.
Please find enclosed our daily market report.Market CommentCroatia Fortenova swings to 9-month profit from continuing operations Slovenia Luka Koper 9-month cons net profit more than doubles YoY Annual inflation in Nov at 10% Romania Chimcomplex shareholders approve RON 127 mil dividend payout Bulgaria Monbat sees 9-month cons net profit shrink Sirma Group swings to 9-month cons net loss on higher costs
In 9M AD Plastik Group recorded a drop in sales revenue of 24.9% YoY, amounting to HRK 612.1m. This is the result of a few factors: ongoing semiconductor shortage, supply chain problems, increase in input prices and the Russian invasion of Ukraine combined with economic uncertainty. In the previous quarter, most western car manufacturers and Russian car manufacturers stopped their production activities. This, consequently, forced their suppliers to do the same, as their input products have no...
EME Equity Market – September 2022 Market performance – in a rough month for the markets, Turkey emerges as the top-performing region, once again. The MSCI EM Europe Index declined 8.3% mom in EUR terms and 10.7% mom in USD in September; while the ISE index outperformed all the other indices once again, but with a muted performance this time, adding just 1.0% mom in EUR terms and 0.1% in local currency terms. All the other indices recorded negative performances, with the Czech PX Index losing 4.6% mom and 4.3% mom in EUR and CZK terms, respectively; the ASE declining 7.4% mom; and the rest fin...
HEADLINES: • Telecom Egypt: the jewel of the Nile (BUY - initiation of coverage) • KGHM: medium-term headwinds, followed by long-term strength (Hold - reinitiation of coverage) • Terna Energy: 9M22 review - strong performance on higher trading and load factors • CCC: final 3Q22 results a notch above the prelims; 29% yoy sales growth in November POSITIVE • Shoper: GMV growth over Black Friday-Cyber Monday decelerated to 10% yoy, 22ppt below 3Q22 NEGATIVE • Polish media: WP TV's audience share at 0.63%, while CPS was at 20.88% in November 2022 NEUTRAL • Huuuge Games: November bookings estimat...
EME Equity Market – November 2022 Market performance – Turkey does it again, breezing past everyone else, once more, in November. The MSCI EM Europe Index advanced 11.6% mom in EUR terms and 16.7% mom in USD. The ISE30 index, again, boasted the best performance among our coverage, adding 18.6% mom in EUR terms and 23.9% mom in local currency (lcl) terms. Positive performances were also recorded in the WIG (+14.0% EU /13.0% lcl mom), the BUX (+12.6% EUR/12.0% lcl mom), the BET (+8.4% EUR/8.6% lcl mom), the ASE (+4.4% EUR mom) and the Czech PX (+3.2% EUR/2.6% lcl mom).
We reinitiate coverage of KGHM with a HOLD recommendation and a price target (PT) of PLN 123.7/share. The company is likely to face several headwinds, in our view, including increased costs, on the back of the EU energy crisis, and a higher mineral extraction tax starting from end-2022. Although, our longer-term view on copper and, hence, KGHM (as one of the largest copper producers globally) is favourable, the risks described above could result in a negative impact on its profitability in the medium term, resulting in our neutral 12MF outlook on the company.
Unfortunately, this report is not available for the investor type or country you selected.Browse all ResearchPool reports
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.