Report
Research Team

WOOD Daily: MBR PW; FP RO; SNP RO; TPE PW; MOL HB; KAP LI; MOH GA; HUG PW; TEN PW; SPL PW; ING PW; PL Banks; Rear-View Mirror

• Mo-BRUK: PLN 19m claim against MBR related to Wałbrzych dumping site (2017 case) remains in force
• Fondul Proprietatea: calls EGMS to approve new buyback programme, Engie sale NEUTRAL
• OMV Petrom: acquires 50% of the largest wind power portfolio of projects in Romania POSITIVE
• Tauron: agrees to sell Tameh Holding for PLN 598m NEUTRAL
• MOL: produces first gas from the Rozhkovskoye field in Kazakhstan POSITIVE
• Kazatomprom: fuel assembly manufacturing facility certified for new product NEUTRAL
• Motor Oil Hellas: to acquire remaining 25% stake in Anemos NEUTRAL
• Huuuge Games: December bookings estimates up 8% mom NEUTRAL
• Ten Square Games: December bookings at USD 5m, flat mom NEUTRAL
• Santander Bank Polska: issues profit warning on FX mortgage saga provisions in 4Q23E NEUTRAL
• ING BSK: announces additional charges to be borne in 4Q23E NEUTRAL
• Polish banks: FinMin submits draft bill on mortgage holidays extension into 2024E NEUTRAL
• Polish banks: FinMin’s draft changes to mortgagors’ support fund bill could increase accessibility NEUTRAL
• Polish banks: media reports that subsidy pool for preferential mortgages has been exhausted NEUTRAL
• The Rear-View Mirror – EME markets: Poland – strongest performer in December
• Short News (BHW, PPC)
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.

Fondul Proprietatea S.A. GDR (Reg S)

ING Bank Slaski S.A.

ING Bank Slaski is a bank holding company. Through its subsidiaries, Co. is engaged in providing a range of banking services rendered for individual and institutional clients in line with the scope of services outlined in Co.'s charter. Co. runs operations both in the home currency and in foreign currencies. Co. is also active on the domestic and foreign financial markets. The subsidiary, ING Bank Hipoteczny S.A., also runs banking business, including loans secured with mortgage. Additionally through subsidiaries, Co. operates brokerage services, real estate, leasing of real estate and advisory and acts as a financial intermediary as well as provides other financial services.

Mo-BRUK S.A.

Mo-Bruk SA is a Poland-based company involved in the production of concrete. It is also active in the area of hazardous and other than hazardous industrial waste management. Additionally, the Company operates a waste recovery plant, waste recycling plant, alternative fuel production plant and an industrial waste landfill. The Company produces alternative fuels from municipal and industrial wastes. The Company is also the owner of two open non-stop petrol stations for liquefied fuel, as well as a technical inspection station. Mo-Bruk SA is also engaged in the construction of concrete surfaces. As of December 31, 2011, the Company operated one wholly owned subsidiary, Raf-Ekologia Sp. z o.o.

MOL Nyrt

National Atomic Company Kazatomprom

Petrom S.A.

Santander Bank Polska SA

Bank Zachodni is a bank seated in Poland. Co. and its subsidiaries provide a range of banking services for individual and business customers and operate in domestic and interbank foreign markets. Additionally, Co. provides also the following services, including intermediation in trading securities, leasing, factoring, asset/ fund management, insurance services, trading in stock and shares of commercial companies, and brokerage activity. Operational activity of Co. and its subsidiaries has been divided into five segments: Retail Banking, Business and Corporate Banking, Global Banking and Markets, ALM (Assets and Liabilities Management) and Centre, as well as Santander Consumer.

TAURON Polska Energia S.A.

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.

Ten Square Games

Ten Square Games SA is a Poland-based mobile games development company. The Company is focused on 3D simulation hobby games for people who seek outdoor experiences on their mobile devices, like fishing or hunting games. Its games are available on social platforms, a network of partner sites, as well as on Google Play, App Store and Microsoft Store.

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

Other Reports on these Companies
Other Reports from Wood and Company

ResearchPool Subscriptions

Get the most out of your insights

Get in touch