Report
Research Team

WOOD Daily: NLBR SV; PINK CP; HU Macro; TL Macro; THYAO TI; PL Macro; EL RO; EXAE GA; CPS PW

HEADLINES:
• NLB Group: strong buffers to weather the storm (stays BUY)
• Pilulka: 2Q22 solid sales, with signs of deceleration
• Hungary macro: most indications suggest a positive trajectory
• Turkey macro: budget at -0.5% of GDP in June, as FX protected deposits payments reach new highs
• Turkish Airlines: Fitch downgrades outlook to negative, on Turkish credit profile deterioration
• Poland macro: MPC member Sura resigns NEUTRAL
• Electrica: power distributors struggling to buy power to cover grid losses
• Athens Exchange Group: 2Q22E preview - another solid quarter (due on 25 July)
• Cyfrowy Polsat: 2Q22E preview - 23% yoy drop in EBITDA expected (due on 17 August)
• Short News (FP, SNN)
Underlyings
Cyfrowy Polsat SA

Hellenic Exchanges SA

The Hellenic Exchanges is engaged in the following business sectors: trading, clearing, settlement, data feed, IT, exchange services, depository services, clearinghouse services, and other.

Societatea Energetica Electrica

Turk Hava Yollari A.O.

Turk Hava Yollari is engaged in the airline industry with the airline flying to 103 destinations, throughout Turkey and internationally. As of the year end, Co. maintains 66 aircrafts with a total seat capacity of 10,672, and leases a A300-200 cargo aircraft. Co. has various services for their customers which include: various ways of checking in and on-line ticket sales.

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