Report
Research Team

WOOD Daily: BIMAS TI; TR Macro; GR Macro; RO Macro; TLV RO; EL RO; RO Utilities; SHO PW; PL Telecoms; ETE GA; ALPHA GA; VER AV

HEADLINES:
• BIM: 4Q22 results - in line operationally NEUTRAL
• Turkey macro: January balance of payment shows no improvement
• Greece macro: February inflation moderates to 6.1% yoy
• Romania macro: inflation up, trade deficit shrinks
• Banca Transilvania: budget for 2023E, reassuring outlook
• Electrica: takeaways from the 4Q22 earnings call
• Romanian utilities: tariffs may be adjusted only with inflation and recovery of grid losses
• Shoper: expects e-commerce market to rise by 7-8% yoy this year NEUTRAL
• Polish telecoms: Play increases its two high-end post-paid mobile tariffs by PLN 5/month POSITIVE
• National Bank: 4Q22E results preview (due out today, after the close)
• Alpha Bank: 4Q22E results preview (due out tomorrow)
• Verbund: 4Q22E results preview (due on 16 March)
• Short News (FP, SNP, SNG)
Underlyings
Banca Transilvania S.A.

BIM Birlesik Magazalar A.S.

Bim Birlesik Magazalar is engaged in operating retail stores through its retail shops throughout Turkey, which sell an assortment of approx. 600 items, including a number of private labels. Co.'s object is to offer consumers basic food items and consumer goods at discount prices with quality. Co.'s private labels provides its consumers with quality tasting sausage, salami and similar meat products while at the same time being suitable to the consumers family budget. Products include meat products, breakfast and dairy products, beverages, legumes and bakery, snacks and sweets, fruits and vegetables, frozen foods, and non-food items - cleaning supplies.

National Bank of Greece S.A. ADS

SHOPER SA

Societatea Energetica Electrica

VERBUND AG Class A

Verbund is a public utility company engaged in the generation and transmission of electricity from subsidiaries' hydro and thermal power stations located throughout Austria. Through its subsidiaries, Co. is involved in the planning and construction of water systems, hydroelectric power plants, river structures, sewage disposal systems, and high voltage transmission towers and lines. Co. generates, trades and sells electrical energy to power exchange buyers, traders, energy supply companies and industrial companies as well as households and commercial customers.

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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