Report
Research Team

WOOD Daily: ALR PW; EBS AV; TOASO TI; ETE GA; NLBR SV; KAP LI; WIZZ LN; WIZZ LN; CZ Macro; HUG PW; TEN PW; CPS PW; WPL PW; DIGI RO; Rear-View Mirror; ELM AB

HEADLINES:
• Alior Bank: posts strong 2Q24 and upgrades medium-term COR outlook POSITIVE
• Alior Bank: management board nominations POSITIVE
• Erste Banks: books solid 2Q24; guides for 2024E DPS at an attractive level; awaiting opening conclusions from the new CEO POSITIVE
• Tofas: highly weak set of results in 2Q24 NEGATIVE
• National Bank of Greece: 2Q24 highlights – positive 2H24E, with guidance upgrade
• NLB Group: solid print in 2Q24, beating estimates, due to release of provisions POSITIVE
• Kazatomprom: 2Q24 trading statement NEUTRAL
• Wizz Air: 1Q FY25 – a series of unfortunate events NEGATIVE
• Wizz Air: carried 5.9m pax in July (-1.4% yoy) NEUTRAL
• Czech Republic macro: CNB shifts to a slower pace
• Huuuge Games: July bookings estimate down 25% mom for Huuuge Casino NEGATIVE
• Ten Square Games: July bookings estimate up to USD 5m, mom increases in Hunting Clash and Wings of Heroes NEUTRAL
• Cyfrowy Polsat/Wirtualna Polska: CPS audience share at 21.71%, while WP TV at 0.82% in July NEUTRAL
• DIGI Communications: acquires Cabonitel for EUR 150m NEUTRAL
• The Rear-View Mirror – EME markets: Greek ASE – best performer in July
• Elm: 2Q24E financial results preview (due on 4 August)
Underlyings
Alior Bank SA

Alior Bank is a universal lending and deposit-taking bank which renders services to individuals, legal persons and other entities which are Polish and foreign persons. Co.'s core activities include maintaining bank accounts, granting loans and advances, issuing banking securities and purchasing and selling foreign currency. Co. also conducts brokerage activities, consulting and financial agency services and renders other financial services.

Cyfrowy Polsat SA

Digi Communications NV

Erste Group Bank AG

Erste Group is a financial services provider based in Austria. As of Dec 31 2015, Co.'s total assets amounted to Euro199,743 million and the number of customers was approximately 16.5 million. Co.'s key business is the retail business, covering the entire spectrum from lending, deposit and investment products to current accounts and credit cards. In addition to providing financial services to private individuals, Co.'s core activities also include advisory services and support for corporate clients in financing, investment and access to international capital markets, public sector funding and interbank market operations.

National Atomic Company Kazatomprom

National Bank of Greece S.A. ADS

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.

Tofas Turk Otomobil Fabrikasi A.S.

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.

Wizz Air Holdings Plc

Wizz Air Holding is a European airline. As of Mar 31 2017, Co. provided more than 500 routes from 28 bases, connecting 141 destinations across 42 countries. Co. has two reportable segments: the airline and the tour operator business units, marketed under the Wizz Air and Wizz Tours brand names, respectively. Wizz Air sells flight tickets and related services to external customers and, to an extent, to Wizz Tours. Wizz Tours sells travel packages to external customers covering the network of Wizz Air.

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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