WOOD Daily: Turkey macro, AEGN GA, Polish banks, Polish utilities, OPL PW, CDR PW, FP RO, KCEL KZ, previews
HEADLINES:• Turkey macro: current account deficit widens to 5.3% of GDP in February
• Aegean Airlines: 4Q20 results in line NEUTRAL
• Polish banks: another delayed Supreme Court ruling
• Polish utilities: more news on the utilities carve out
• Orange Polska: key takeaways from the call on the FiberCo deal POSITIVE
• CD Projekt: committed to fixing Cyberpunk to sell it "for years", according to the CEO NEUTRAL
• Fondul Proprietatea: Hidroelectrica to distribute 89% of its 2020 net profit to shareholders
• Kcell: BoD recommends a DPS of KZT 87.89 from the 2020 net profit NEUTRAL
• Ekspress Grupp: 1Q21E preview (due out on 30 April)
• Eurocash: 1Q21E results preview - 17% yoy EBITDA decline expected (due out on 13 May) NEUTRAL
• Ten Square Games: 1Q21E results preview - 61% yoy growth in adj. EBITDA expected (due out 24 May)
Aegean Airlines is an airline carrier based in Greece. Co. is engaged in aviation transportation, providing services that concern the transportation of passengers and commodities in the sector of public aviation transportation inside and outside Greece, conducting scheduled and unscheduled flights. Co. provides full service, premium quality short and medium haul services. Co. maintains a network of 145 destinations, 111 international in 45 countries and 34 domestic destinations. Co. is a member of global airline network, the Star Alliance network.
CD Projekt is a holding company of the CD PROJEKT Capital Group which conducts its operations in two activity segments: CD PROJEKT RED and GOG.com. CD PROJEKT RED's activities cover the creation and publication of videogames, licensing the associated distribution rights and manufacturing tie-in products which exploit the commercial appeal of brands owned by Co. The activities of GOG Ltd. involve digital distribution of videogames via Co.'s proprietary GOG.com distribution platform, on the basis of contracts signed by GOG Ltd. with producers, IPR holders and external publishers. The platform enables customers to purchase games, remit payment and download game files to their personal devices.
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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