Report
Research Team

WOOD Daily: TPEIR GA; ALE PW; KTY PW; BELA GA; KMB MS; BRD RO; EU Refining & Petrochemicals; MOL HB; TKFEN TI

HEADLINES:
• Piraeus Bank: better underlying trends and fast execution of the Sunrise plan POSITIVE
• Allegro: 2Q21 adjusted EBITDA 7% above our expectations POSITIVE
• Kety: 2Q21 EBITDA in line with preliminary estimate NEUTRAL
• Jumbo: July sales figures
• Komercijalna Banka: sets dates for the MKD 600/share dividend
• BRD-GSG: highlights from the 2Q21 results conference call
• European refining and petrochemicals margins monthly: July 2021 NEUTRAL
• MOL: 2Q21E results preview (due on 6 August)
• Tekfen Holding: 2Q21E preview - guidance upgrade expected (due on 12 August) POSITIVE
• Short News (OPL, SNN, TGN, KMB)
Underlyings
Allegro.eu SA

BRD-Groupe Societe Generale

Grupa Kety SA

Grupa Kety is an aluminum industry company based in Poland. Co.'s operations are organized in three business segments: Aluminum Extrusions, Aluminum Architectural Systems and Flexible Packaging. Co. offers aluminum extrusions in different shapes, bars, tubes and wires of aluminum and its alloys, which are used in the construction & building, advertising, indoor fittings, transportation, automotive industry, white goods, machinery engineering and electrical engineering. Co.'s Aluminum Architectural Systems produces aluminum joinery, realizing investment projects and selling systems. Co.'s flexible packaging segment offers packaging made of aluminum foil, films and paper.

Jumbo S.A.

Jumbo is a trading company based in Greece. Co.'s main operation is retail sale of toys, baby items, seasonal items, decoration items, books and stationery. A part of its operations is wholesale of toys and similar items to third parties. Co. and its subsidiaries have four geographical segments: Greece, Cyprus, Bulgaria and Romania. At June 30 2015, Co. operated 72 stores in Greece, Cyprus, Bulgaria and in Romania and the on line store e-jumbo.

Komercijalna Banka AD Skopje

MOL Nyrt

Piraeus Bank SA

Tekfen Holding

Tekfen Holding conducts its operations in four main business segments: Contracting, Agriculture, Real Estate and Other operations. Contracting group focuses on construction of petroleum and gas facilities, land and sea terminals, offshore platforms and tank farms. Agricultural group has operations in chemical fertilizer, ground and vegetable grain, production, distribution and trade of seedling and sapling. Real estate group operates in designing, constructing, renting, and sale of real estates such as residents, offices, shopping centers and hotels. Operations of other segment comprise of light-pulp trading, cotton yarn production and trading, insurance services and holding operations.

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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