Report
Research Team

WOOD Daily: MBK PW, TGN RO, WPS LN, OFEs’ 2023 Holdings, PCF WA, BOROUGE UH, OMV AV

Headlines:
• mBank: to add additional PLN 199m of FX mortgage portfolio provisions in 4Q23E
• Transgaz: 2024 budget shows strong growth in profitability from 2025E
• Eurowag: 4Q23 trading statement in line NEUTRAL
• EME Strategy: OFEs' 2023 annual holdings
• PCF Group: Bulletstorm VR released yesterday; few reviews so far, but rather disappointing NEGATIVE
• Borouge: 4Q23E preview (due on 1 February) NEUTRAL
• OMV: 4Q23E preview (due on 1 February) NEUTRAL
Underlyings
MBANK SA

mBank is a provider of comprehensive corporate banking services in Poland. Co. and its subsidiaries make up the mBank Group which is engaged in offering financial services. Co.'s service offering includes a comprehensive financial offer tailored to the needs of corporate clients, Private Banking clients, and retail clients. The business activities of Co. is conducted in the following business segments: Retail Banking and Corporates and Markets.

OMV AG

OMV is an international energy company with activities in Exploration and Production (E&P), Refining and Marketing including petrochemicals (R&M), and Gas and Power (G&P). Co. explores and develops oil and gas resources and supply energy to over 100 million people. OMV has three operating segments: Exploration and Production (E&P), Refining and Marketing, including petrochemicals (R&M), and Gas and Power (G&P), as well as the segment Corporate and Other (Co&O).

PCF Group SA

Societatea Nationala de Transport Gaze Naturale Transgaz S.A.

W.A.G PAYMENT SOLUTIONS PLC

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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