WOOD Daily: EME Macro/Strategy; ALR PW; CTPNV NA; ONE RO; PGE PW; KLKIM TI; RO Macro; EL RO
HEADLINES:• EME Macro/Strategy: BoP impacts of the energy crisis, CEE focus
• Alior Bank: strong 4Q22, a good proxy for short-term underlying profitability outlook POSITIVE
• CTP: 4Q22 - EUR 0.61/share FY FFO ahead of estimate, development drives positive revaluations POSITIVE
• ONE United Properties: 4Q22 - gross profit lags, but recent permits position ONE well for 2023E
• PGE: 4Q22 prelims - recurring EBITDA in line, but results very weak NEGATIVE
• Kalekim: strong beat in 4Q22 POSITIVE
• Romania macro: government approves memorandum on minimum 90% dividend payout from SOEs for 2022
• Electrica: 4Q22E results preview - jump in profitability from accounting change (due on 7 March)
• Short News (PPC)
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.
PGE Polska Grupa Energetyczna is an electricity company based in Poland. Co. is engaged in the generation and selling of electricity. Co. is a predominant power producer and supplier in Poland and a major heat and power sector company in Central and Eastern Europe. Co. supplies over 5 million households, businesses and institutions through a combination of its own fuel resources (lignite), power generation and final distribution networks. Co.'s activities focus on the following areas: Conventional Power Generation, Renewable Power Generation, Nuclear Power Generation, Wholesale, Distribution and Retail. Co. has 12.2 GW of installed generation capacity.
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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