Report
Alex Boulougouris, CFA ...
  • Stefan Lungu, CFA

WOOD Flash – Romania macro/politics: Frontier Investor Days conference takeaways

During our 7th annual Frontier Investor Days conference in Bucharest, held over 4-6 September, our recently published views (4 September 2019) on the country were largely confirmed, with politics and macro being at the forefront. The feeling on the ground is that, despite the political “crisis” the country is going through, marked by a noisy environment with daily developments, if we look beyond the smoke, the political direction is generally positive. While the three elections ahead of us will not help to minimise the noise in any way, and will make large political decisions (privatisations, offshore law, etc.) difficult, everyone is looking at the cues for who will be in power in 2021E and what their agenda will be.
Underlyings
Banca Transilvania S.A.

BRD-Groupe Societe Generale

Digi Communications NV

Med Life

Petrom S.A.

Sphera Franchise Group 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
Alex Boulougouris, CFA

Stefan Lungu, CFA

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