Report
Research Team

WOOD Daily: Greek Oil & Gas (MOH GA, ELPE GA stay BUYs), PKN PW/LTS PW, RO macro, SNP RO, SNG RO, KOFOL CP, TU autos, DAT PW, GPW PW

HEADLINES:
• Greek Oil & Gas: a cracking good market (Motor Oil Hellas and Hellenic Petroleum stay BUYs)
• PKN Orlen and Grupa Lotos agree on the merger price
• Romania macro: 1% tax on turnover for companies with sales above EUR 100m again in discussions
• OMV Petrom: the Energy Ministry is planning to sell 0.67% of the company to former Petrom employees
• Romgaz: new wells put into operation, generating 230kcm/day, or 1.7% of 2021 production NEUTRAL
• Kofola: 1Q22 conference call takeaways POSITIVE
• Turkey autos: promising May data from the Automotive Distributors Association POSITIVE
• DataWalk: key takeaways from the investor day call POSITIVE
• Warsaw Stock Exchange: quarterly index review NEUTRAL
• Short news (HUG, SNN)
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.

Datawalk SA

Datawalk SA Formerly known as Pilab SA. Datawalk SA, formerly known as Pilab SA, is a Poland-based a software publisher. The Company specializes in the area of data analysis, offering Business Intelligence solutions. It operates DataWalk, an agile analysis platform, which enables financial and insurance institutions to discover fraud attempts, combat money laundering, as well as analyze and monitor business processes, such as sales, claim adjustment and debt collection, among other applications. The Company operates through Datawalk Inc, its wholly-owned subsidiary based in the United States.

Grupa LOTOS S.A.

Grupa Lotos is an oil concern which deals with oil extraction and processing and trading of high quality oil products. Co. supplies the market with, unleaded petrol, diesel oil, fuel oil, aviation fuel, industrial oil, asphalt and paraffin, among other things. Co. is engaged in the production and sales of engine oils and bitumen in Poland. Co. maintains oil exploration and production activities in the Baltic, North Sea and Norwegian Sea and operates three refineries in Gdansk, Jaslo and Czechowice, Poland. Co. markets its products in wholesale markets, as well as in retail markets through a network of petrol stations.

Kofola CeskoSlovensko a.s.

Kofola CeskoSlovensko as is a Czech Republic-based company, which is engaged in the non-alcoholic beverages production. The Company is part of the Kofola Group, which produces drinks in eight production plants and its key brands include Kofola, Hoop Cola, Jupi, Jupk, Rajec, Radenska, Paola, Semtex and Vinea. Besides the traditional markets of the Czech Republic and Slovakia, the Company is also present in Poland and in Slovenia with limited activities in Austria and Russia. On selected markets the Company distributes among others Rauch, Evian or Badoit products and under the licence produces RC Cola or Orangina. The Company also produces and distributes Pepsi Co products in Croatia and Slovenia.

Petrom S.A.

Polski Koncern Naftowy ORLEN S.A.

Polski Koncern Naftowy Orlen's activities are divided into three main business segments: the Refining Segment that comprises crude oil processing as well as wholesale and retail trade in refinery products. The Petrochemical Segment that encompasses production and sale of petrochemicals and chemicals. The Retail Segment that comprises of sales at petrol stations. Co.'s basic products include gasolines, diesel oils, light heating oil, Jet fuel, liquid gas, polyetylene, polypropylene, benzene, butadiene, acetone, phenol, glycols, toluen, ortoxylene.

Societatea Nationala De Gaze Naturale ROMGAZ SA

Warsaw Stock Exchange

Gielda Papierow Wartosciowych w Warszawie SA (Warsaw Stock Exchange, GPW) is a Poland-based stock exchange. It is a parent entity of WSE Group that offers products and services within its trading markets of equity, derivate, fixed income and structured products. It also distributes market data. The Company has two business lines: Financial market, which includes trading in equities, derivatives, fixed-income and other instruments, listing, and information services; and Commodity market, which includes trading in electricity and property rights in certificates of origin, operation of a register of certificates of origin, clearing, trade and technical trade operator services. As of December 31, 2011, it operates two wholly owned subsidiaries, WSEInfoEngine SA, providing data transmission and information services; and Instytut Rynku Kapitalowego WSE Research SA, engaged in publishing; as well as 92.47%-owned BondSpot SA.

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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