WOOD Daily: PZU PW; CBF PW; SHO PW; DUNAHOUS HB; KAP LI; TPE PW; GE Macro; EU Macro; ACP PW; ENA PW; ALE PW; SNP RO
HEADLINES:• PZU: newswires drop a bomb just before company's strategic update – Bank Pekao may buy a 32% stake in Alior from PZU
• cyber_Folks: concludes preliminary agreement to purchase a 49.9% stake in Shoper for a total of PLN 547.5m NEUTRAL
• Shoper: preliminary agreement for the sale of 49.9% of SHO's shares to cyber_Folks at PLN 39/share NEUTRAL
• Duna House: 3Q24 results – a good set of numbers POSITIVE
• Kazatomprom: 3Q24 results beat expectations POSITIVE
• Tauron: full 3Q24 results in line with the preliminaries, but weak cash flow NEUTRAL
• Georgia macro: GD announces that Georgia will freeze EU accession talks until 2028
• EU macro: November sentiment surveys signal more cracks in the labour market
• Asseco Poland: key takeaways from the 3Q24 earnings call NEUTRAL
• Enea: new strategy until 2035 – hard coal likely to remain in the group NEGATIVE
• Allegro: enters long-term deal with DHL POSITIVE
• OMV Petrom: new partner for offshore Bulgaria POSITIVE
• Short News (BDX, CDR, PEO, PZU)
Asseco Poland is a provider of proprietary information technology ("IT") solutions which is based in Poland. Co. is engaged in provision of consulting on IT infrastructure, security solutions, human resources solutions, outsourcing services as well as fully comprehensive IT support. Co.'s profile includes software and computer hardware consultancy, production of software as well as supply of software and hardware. This category includes analysing, developing, and programming ready-to-use IT systems. In addition to IT services, Co. also sells goods including mainly computer hardware.
ENEA is engaged in production of electricity and heat; trade in electricity; and distribution of electricity.
Powszechny Zaklad Ubezpieczen is an insurance group based in Poland. Co. is engaged in offering a broad range of insurance and financial products. Co. pursues three main lines of business: Property and Casualty Insurance, offered by PZU; Life Insurance, offered by PZU Zycie; and Open-end Pension Funds, offered by PTE PZU, the manager of OFE PZU Zlota Jesien. Co. maintains a network of sales and service outlets including 500 outlets throughout Poland, including 243 shared outlets (common for PZU and PZU Zycie), 137 outlets of PZU Zycie and 120 outlets of PZU. Co.'s business is focused on the Polish market but it also conducts insurance business in the Lithuanian and Ukrainian markets.
R22 Sa. R22 SA is a Poland-based holding of technology companies offering: hosting services and domain sales. The Company provides internet services and operating in promising areas of the e-economy. The Company gathers the other companies hosting services, internet domain registration worldwide and services related to the security of transmitted data-SSL certificates. The Company has three operating segments: Domains and hosting, Omnichannel communication services automating electronic communication with recipients and Telecommunication services provided by the Oxylion Group.
Tauron Polska Energia is engaged in the generation, transmission, distribution, and sale of electricity and heat in Poland. Co. generates electricity from various conventional and renewable energy sources, including hard coal, lignite, natural gas, biomass, wind, solar, and hydro power. It is also involved in quarrying, crushing, and breaking of limestone; quarrying of stone for the construction industry; mining of hard coal; trading in electricity; and production of technical gases. In addition, Co. engages in the repair and maintenance of machinery and electrical equipment; electrical installations; and construction of power lines.
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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