Report
Research Team

WOOD Daily: RO Oil & Gas; AKCNS TI; EME Macro/Strategy – Dividends; HUG PW; CZG CP; TL Macro; CPS PW; GPP PW; CAR PW

HEADLINES:
• Romanian oil & gas: just have a little patience (OMV Petrom stays BUY, Romgaz downgraded to HOLD – transfer of coverage)
• Akcansa: recovery on the horizon (stays BUY)
• EME Macro/Strategy: dividends in EMEA – if growth is in doubt, opt for payout
• Huuuge Games: 3Q24 broadly in line with our expectations, slightly above the consensus NEUTRAL
• Colt CZ Group SE: 3Q24 results – slow quarter; FY24E guidance confirmed NEUTRAL
• Türkiye macro: CBT signals a dovish turn
• Cyfrowy Polsat: key takeaways from the 3Q24 earnings call NEUTRAL
• Grupa Pracuj: key takeaways from the 3Q24 earnings call POSITIVE
• Inter Cars: 3Q24 earnings call takeaways NEUTRAL
Underlyings
Akcansa Cimento

Co. is engaged in the manufacture and sale of clinker, cement and ready mixed concrete, establishment of facilities for the same or their purchase in part or in full.

Ceska Zbrojovka Group

Cyfrowy Polsat SA

GRUPA PRACUJ DA

Inter Cars S.A.

Inter Cars is an automotive spare parts distributor for passenger cars, commercial vehicles and trucks in Middle-Eastern Europe. The product range of Co. reaches over one million different automotive spare parts for passenger cars and trucks. No matter if the car is European or Asian one, Co.'s customers can find full range of products for their cars as well as all the necessary tools and garage equipment. Besides spare parts distribution, which is the core business of Co., Co. is also an exclusive distributor of legendary motorcycle brand “TRIUMPH” in Poland (via motorcycle distribution network, called Inter Motors) and distributor of spare parts and accessories for other motorcycle brands.

Petrom S.A.

Societatea Nationala De Gaze Naturale ROMGAZ 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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