Report
Jonathan Lamb

stock split, price target reduced

Due to a stock split, the number of shares in MOL has changed to 819.4m from 102.4m. As a consequence, we have reduced our price target (PT) for the stock to HUF 2,715 from HUF 21,720.
Underlying
Empresa Constructora Moller& Perez - Cotapos SA

Empresa Constructora Moller& Perez - Cotapos SA is a Chile-based company, which is mainly engaged in the construction industry. The Company specializes in the construction of hospital infrastructure and objects of energy generation and distribution sectors. In addition, the Company is involved in the residential real estate industry, as well as convent housing development. The Company operates domestically and has its projects in such cities as: Santiago, Talca, Puerto Montt, Vallenar, Antofagasta and Calama, among others.

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
Jonathan Lamb

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