Report
Research Team

WOOD Daily: ALPHA GA; ETE GA; EUROB GA; TPEIR GA; TL Strategy; SNG RO; TUPRS TI; ISB IR; BVB RO; PL Macro; INPST NA; MOH GA; MOL HB; RICHT HB

HEADLINES:
• Greek banks: heading for a bumper year (Alpha Bank, Eurobank, NBG and Piraeus Bank stay BUY)
• Turkey strategy: Kahramanmaras earthquake - the aftermath
• Romgaz: 4Q22 trading statement
• Tupras: to pay dividend of TRY 45.41/share
• Islandsbanki: 4Q22 highlights and further colour on potential merger with Kvika
• Bucharest Stock Exchange: 4Q22 prelims - shaky end to the year, with inflation in the driving seat NEGATIVE
• Poland macro: President Duda sends justice bill back to Court
• InPost: price hike of 19% effective from March POSITIVE
• Motor Oil Hellas: subsidiary Dioriga Gas completes second phase of market test for LNG terminal
• MOL: 4Q22E results preview (due on 17 February)
• Richter: 4Q22E earnings preview (due on 28 February)
• Short News (PCF, TEN, WINE)
Underlyings
Autohellas S.A.

Autohellas is a Hertz national franchisee. Co. is engaged in the rent-a-car segment, comprising of renting (short-term lease) and fleet management (long-term lease and fleet management) in Greece, Bulgaria, Cyprus, Romania, Serbia and Montenegro. Renting covers the needs of both individuals and companies for occasional, small duration rentals up to 1 year long.

Eurobank Ergasias Services & Holdings SA

Eurobank Ergasias and its subsidiaries are organized in the following reportable segments: Retail. which incorporates customer current accounts, savings, deposits and investment savings products, credit and debit cards, consumer loans, small business banking and mortgages; Corporate, which incorporates direct debit facilities, current accounts, deposits, overdrafts, loan and other credit facilities, foreign currency and derivative products; Wealth Management, which incorporates private banking services; Global and Capital Markets, which incorporates investment banking services; and International, which incorporates operations in Romania, Bulgaria, Serbia, Cyprus, Ukraine and Luxembourg.

InPost S.A.

ISLANDSBANKI HF

MOL Nyrt

National Bank of Greece S.A. ADS

Piraeus Bank SA

S.C. Bursa de Valori Bucuresti S.A.

Societatea Nationala De Gaze Naturale ROMGAZ SA

Turkiye Petrol Rafinerileri A.S.

Turkiye Petrol Rafinerileri is an energy and refining company based in Turkey. Co. is engaged in providing and refining crude oil, the importing and exporting of oil products, and establishing and operating refineries in Turkey and foreign countries. Also, Co. is establishing and operating factories and facilities in the petrochemical industry. Co. is engaged in purchasing, selling, importing, exporting, storing, marketing and distributing (wholesale, retail, foreign and domestic) all kinds of petroleum products, LPG and natural gas. Co. runs its business through the refineries in Izmit, Izmir, Kirikkale and Batman.

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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