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EQS-News: Kapsch TrafficCom unterstützt Deutschlands Führungsrolle im ...
EQS-News: Kapsch TrafficCom AG / Schlagwort(e): Sonstiges Kapsch TrafficCom unterstützt Deutschlands Führungsrolle im autonomen und vernetzten Fahren 16.12.2024 / 07:10 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. C-ITS-Technologie ist entscheidend für Umsetzung der Strategie Kapsch TrafficCom spielt Schlüsselrolle als Technologieentwickler Wien, 16. Dezember 2024 – Die deutsche Bundesregierung hat im Dezember 2024 eine nationale verabschiedet und beansprucht damit eine Führungsrolle bei der Umsetzung moderner Mobilität. Die St...
- Research Team
- Jonathan Lamb
European Oil and Gas Monthly: November 2024 – gas inventories down, pr...
Perceived weakness in demand brought oil prices lower in November and threatens to push them lower still. OPEC freezing production for another three months may not be enough. For the second month running, the WOOD benchmark margin was close to average, while HELLENiQ’s margins rose and Orlen’s fell. Petrochemicals remains in the doldrums, despite lower oil prices.
- Research Team
WOOD Daily: BCG LN; KTY PW; CDR PW; 11B PW; BFT PW; BDX PW; OPL PW; PG...
HEADLINES: • Baltic Classifieds Group: strong FY 1H25 financial results; conference call takeaways POSITIVE • Kety: Roman Przybylski (current deputy CEO) to become new CEO NEUTRAL • CD Projekt: update on the US class action lawsuit regarding the technical solutions used by GOG NEUTRAL • 11 bit studios: starts marketing campaign for Moonlighter 2 publishing project NEUTRAL • WOOD's Winter Wonderland EME Conference 2024 • 11 bit studios: postcard from Prague • Benefit Systems: postcard from Prague...
CDR CD PROJEKT S.A.
BIMAS BIM BIRLESIK MAGAZALAR A.S.
BDX BUDIMEX S.A.
KTY GRUPA KETY SA
TPS ORANGE POLSKA S.A.
AKCNS AKCANSA CIMENTO
BFT BENEFIT SYSTEMS S.A. ALLOTMENT
PGE PGE POLSKA GRUPA ENERGETYCZNA S.A.
TKNSA TEKNOSA IC VE DIS TICARET AS
PPC PUBLIC POWER CORPORATION S.A.
11B 11 BIT STUDIOS S.A.
TPE TAURON POLSKA ENERGIA S.A.
WPL WIRTUALNA POLSKA HOLDING SA
RICHT RICHTER
TEN TEN SQUARE GAMES
BCG BALTIC CLASSIFIEDS GROUP PLC
GIG GAMING INNOVATION GROUP
- Research Team
WOOD Daily: RO Macro; PL Macro; PGE PW; HU Macro; TL Macro; ACP PW; TX...
HEADLINES: • Romania macro: important comments ahead of the second round of elections • Poland macro: NBP extends the pause • PGE: CEO comments on strategy, coal assets and nuclear power plant NEUTRAL • Hungary macro: Magyar aims to unlock EU funds and enter the Eurozone • Türkiye macro: November inflation shows key challenge remains in food prices • WOOD's Winter Wonderland EME Conference 2024 • Asseco Poland: postcard from Prague • Text: postcard from Prague • Aquila Part Prod Com S.A.: postca...
- Research Team
WOOD Daily: PL Utilities; GPP PW; PZU PW; HU Macro; 4IG HB; CPS PW; WP...
HEADLINES: • Polish utilities: with coal, through thick and thin (Enea (HOLD), PGE (SELL) and Tauron (HOLD) - transfer of coverage) • Grupa Pracuj: volume rebound expected in 2025E (upgraded to BUY) • PZU: strong profits and attractive shareholder returns implied by 2025-27E strategy update POSITIVE • Hungary macro: MNB nominations and opinion polls swings • 4iG: 3Q24 conference call takeaways NEUTRAL • Cyfrowy Polsat/Wirtualna Polska: CPS audience share at 22.26%, while WP TV at 0.69% in Novemb...
- Research Team
The Rear-View Mirror – EME markets: Turkiye rebounds, Romania declines
EME Equity Market – November 2024 Rebound in Türkiye, Romania hammered. The MSCI EM Europe Index advanced 3.8% in EUR terms and 1.0% in USD terms in November. The Turkish ISE30 recouped the losses of the previous month, adding 10.4% mom in EUR terms. The Hungarian BUX added 4.3% mom in EUR terms, followed by the PX (+2.9% mom), the ASE (+0.8% mom) and the WIG (+0.8% mom) (all in EUR terms). Following the first round of presidential elections, and the polemic and uncertainty that ensued, the BET ...
PEO BANK POLSKA KASA OPIEKI SA
OPAP GREEK ORGANISATION OF FOOTBALL PROGNOSTICS SA
EXAE HELLENIC EXCHANGES SA
MOL MOL NYRT
CEZ CEZ AS
ACP ASSECO POLAND SA
HTO HELLENIC TELECOMMUNICATIONS ORGANIZATION SA
CDR CD PROJEKT S.A.
PKO PKO BANK POLSKI S.A.
BHW BANK HANDLOWY W WARSZAWIE S.A.
WIZZ WIZZ AIR HOLDINGS PLC
PZU POWSZECHNY ZAKLAD UBEZPIECZEN SPOLKA AKCYJNA
BDX BUDIMEX S.A.
LAMDA LAMDA DEVELOPMENT S.A.
GEKTERNA GEK TERNA
MTELEKOM MAGYAR TELEKOM TELECOMMUNICATIONS
CAI CA IMMOBILIEN ANLAGEN AG
PKN POLSKI KONCERN NAFTOWY ORLEN S.A.
AKCNS AKCANSA CIMENTO
BRISA BRISA-BRIDGESTONE SABANCI LASTIK SANAYI VE TICARET A.S.
CIMSA CIMENTO SANYAI VE TICARET A.S.
LOGO LOGO YAZILIM SANAYI VE TICARET A.S.
CCC CCC SA
GTC GLOBE TRADE CENTRE S.A.
DOM DOM DEVELOPMENT SA
AEGN AEGEAN AIRLINES SA
ENA ENEA S.A.
BFT BENEFIT SYSTEMS S.A. ALLOTMENT
MGROS MIGROS TICARET A.S
PGE PGE POLSKA GRUPA ENERGETYCZNA S.A.
PGSUS.E PEGASUS HAVA TASIMACILIGI AS
APR AUTO PARTNER SA
LVC LIVECHAT SOFTWARE SA
TBCB TBC BANK JOINT STOCK CO
TPEIR PIRAEUS BANK SA
ALPHA ALPHA BANK AE
PPC PUBLIC POWER CORPORATION S.A.
OTP OTP BANK NYRT
CAR INTER CARS S.A.
FROTO FORD OTOMOTIV SANAYI A.S.
OTKAR OTOKAR OTOMOTIV VE SAVUNMA SANAYI A.S.
THYAO TURK HAVA YOLLARI A.O.
TUPRS TURKIYE PETROL RAFINERILERI A.S.
EUR EUROCASH S.A.
ECH ECHO INVESTMENT
GSPARK GRAPHISOFT PARK SE
CPS CYFROWY POLSAT SA
MBR MO-BRUK S.A.
GPW WARSAW STOCK EXCHANGE
11B 11 BIT STUDIOS S.A.
TPE TAURON POLSKA ENERGIA S.A.
OTOEL AUTOHELLAS S.A.
VGO VIGO SYSTEM SA
WPL WIRTUALNA POLSKA HOLDING SA
TLV BANCA TRANSILVANIA S.A.
ETEL TELECOM EGYPT
SNG SOCIETATEA NATIONALA DE GAZE NATURALE ROMGAZ SA
H4L1 HALYK SAVINGS BANK OF KAZAKHSTAN GDR
SNP PETROM S.A.
PBK PATRIA BANK SA
TOFAS TOFAS TURK OTOMOBIL FABRIKASI A.S.
DIGI DIGI COMMUNICATIONS NV
DNP DINO POLSKA S.A.
NBGGY NATIONAL BANK OF GREECE S.A. ADS
BVB S.C. BURSA DE VALORI BUCURESTI S.A.
GEB BANK OF GEORGIA
RICHT RICHTER
SFG SPHERA FRANCHISE GROUP SA
R22 R22
SOKM SOK MARKETLER TICARET AS
EAT AMREST HOLDINGS SE
NLBR NLB GROUP
ESLT ELBIT SYSTEMS LTD
KAP NATIONAL ATOMIC COMPANY KAZATOMPROM
TEN TEN SQUARE GAMES
ILRA-R-A ILIRIJA D.D.
ALG ALLEGRO.EU SA
CZG CESKA ZBROJOVKA GROUP
DUNAHOUSE DUNA HOUSE
INPST INPOST S.A.
PCF PCF GROUP SA
HUGE HUUUGE
4IG 4IG NYRT
CTPNV KAZMUNAYGAS NC JSC
ONE CTP NV
GPP ONE UNITED PROPERTIES SA
KLKIM GRUPA PRACUJ DA
GIG KALEKIM KIMYEVI MADDELER SANAYI VE TICARET AS
2381 GAMING INNOVATION GROUP
9526 ARABIAN DRILLING CO.
ELPE JAHEZ INTERNATIONAL CO
4071 HELLENIQ ENERGY
7203 ARABIAN CONTRACTING SERVICES CO
AQ ELM CO
TRESTATES AQUILA PART PROD COM
AIRA TRADE ESTATES REIC SA
GEV AIR ASTANA JSC
BOCHGR GEVORKYAN A.S.
BANK OF CYPRUS
- Bram Buring
- CFA
- Jakub Bronicki
Polish Utilities: with coal, through thick and thin (Enea (HOLD), PGE ...
Following a change in analyst responsibilities, we transfer coverage, and update our forecasts and outlook, of the Polish utilities, due to the recent (non) development of the coal carve out. In view of: 1) Enea’s recent strategy update, assuming coal generation within the group until 2035E; 2) Tauron’s comments on “being prepared” for no carve out; and 3) with no dedicated funds in the 2025 budget to finance the plan, we do not see a carve out happening soon. While we do not rule it out, the ch...
- Research Team
WOOD Daily: G2M SS; CCC PW; ACP PW; ECH PW; TXT PW; CAI AV; PCF PW; VG...
HEADLINES: • Gentoo Media: let’s roll! (BUY - initiation of coverage) • CCC: 3Q24 results in line with prelims; positive trends maintained in 4Q24 NEUTRAL • Asseco Poland: 3Q24 review –net profit up 18% yoy, 9% above the consensus POSITIVE • Echo Investment: 3Q24 results in line with the consensus; to sell React office in Lodz POSITIVE • Text: 2Q24-25 (calendar 3Q24) results – EBITDA up 12% yoy, in line with the consensus NEUTRAL • CA Immo: 3Q24 in line, focus remains on disposals NEUTRAL • PCF ...
- Research Team
WOOD Daily: ESLT IT; HUG PW; TEN PW; PCF PW; VGO PW; CDR PW; PGE PW; G...
HEADLINES: • Elbit Systems: HOLD, on valuation grounds (downgraded to HOLD) • Polish mobile game development: missing the growth, counting cash (Huuuge Games stays BUY, Ten Square Games stays HOLD) • PCF Group: 3Q24 EBIT in positive territory, above our and the market's expectations POSITIVE • VIGO Photonics: 3Q24 – miss on the adjusted EBITDA and bottom line NEGATIVE • CD Projekt: 3Q24 EBITDA 8% below our forecast, 5% above the consensus NEUTRAL • PGE: 3Q24 results fully in line with the prelim...
- Egor Fedorov
- James Wilson
EM Credit Spark/EM credit weekly
EM sovereigns have coped well with the volatility and higher rates environment seen from the US but spread levels could be shaken up from near all-time tights by January issuance and more clarity on the impact from Trump's economic policies. For now, generally improving fundamentals are supportive, but political risks as always remain key.
EQS-News: Kapsch TrafficCom AG: Ergebnis für das erste Halbjahr 2024/2...
EQS-News: Kapsch TrafficCom AG / Schlagwort(e): Halbjahresergebnis Kapsch TrafficCom AG: Ergebnis für das erste Halbjahr 2024/25. 20.11.2024 / 07:15 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Kapsch TrafficCom – Ergebnis für das erste Halbjahr 2024/25. Highlights. Umsatzsteigerung von EUR 266 Mio. um 3 % auf EUR 275 Mio. Ergebnis belastet von Entkonsolidierungseffekten, aber operativ verbessert. Vorjahreszahlen aufgrund des einmaligen Mittelzuflusses aus Deutschland nur bedingt vergleichbar. Eigenkapitalquote auf 21 % gestie...
EQS-News: Kapsch TrafficCom AG: Result for the first half of 2024/25.
EQS-News: Kapsch TrafficCom AG / Key word(s): Half Year Results Kapsch TrafficCom AG: Result for the first half of 2024/25. 20.11.2024 / 07:15 CET/CEST The issuer is solely responsible for the content of this announcement. Kapsch TrafficCom – Result for the first half of 2024/25. Highlights. Revenue increase by 3% from EUR 266 million to EUR 275 million. Result weighed down by deconsolidation effects, but operationally improved. Previous year’s figures of limited comparability due to one-off cash inflow from Germany. Equity ratio increased to 21%, gearing ratio down ...
Moody's Ratings affirms Banca Transilvania S.A.'s ratings; outlook cha...
Moody's Ratings (Moody's) has today affirmed the Baa2/P-2 long- and short-term deposit ratings and the Baa3/P-3 long- and short-term issuer ratings of Banca Transilvania S.A. (BT). The outlook on the long-term deposit and issuer ratings was changed to positive from stable. We also affirmed BT's ba...
- Research Team
WOOD Daily: EAT PW; EUR PW; CBF PW; MBR PW; ALE PW; VRC PW; TEN PW; PK...
HEADLINES: • AmRest: 3Q24 in line, on a EUR 9m positive one-off NEGATIVE • Eurocash: 3Q24 weak, as expected; FY25E guidance cancelled NEGATIVE • cyber_Folks: 3Q24 results review – 26% yoy adjusted EBITDA growth, 2% above our estimate POSITIVE • Mo-BRUK: 3Q24 EBITDA up 26% yoy, 22-28% above our and the market's expectations POSITIVE • Allegro: 3Q24 EBITDA beat, but yoy decline guided for 4Q24E, due to international operations NEUTRAL • Vercom: 3Q24 results - 28% yoy EBITDA growth, in line with ou...
MTELEKOM MAGYAR TELEKOM TELECOMMUNICATIONS
PKN POLSKI KONCERN NAFTOWY ORLEN S.A.
PGE PGE POLSKA GRUPA ENERGETYCZNA S.A.
LVC LIVECHAT SOFTWARE SA
PPC PUBLIC POWER CORPORATION S.A.
OTP OTP BANK NYRT
EUR EUROCASH S.A.
MBR MO-BRUK S.A.
ETEL TELECOM EGYPT
DIGI DIGI COMMUNICATIONS NV
R22 R22
EAT AMREST HOLDINGS SE
TEN TEN SQUARE GAMES
ALG ALLEGRO.EU SA
VRC VERCOM SA
EQS-News: Kapsch TrafficCom appoints Phil Thompson as North America Vi...
EQS-News: Kapsch TrafficCom AG / Key word(s): Personnel Kapsch TrafficCom appoints Phil Thompson as North America Vice President of Sales and Business Development 12.11.2024 / 14:00 CET/CEST The issuer is solely responsible for the content of this announcement. Kapsch TrafficCom appoints Phil Thompson as North America Vice President of Sales and Business Development Duluth, GA, November 12, 2024 – Phil Thompson Joins Kapsch TrafficCom North America as Vice President of Sales and Business Development. Kapsch TrafficCom North America is pleased to announce the appointmen...
- Research Team
WOOD Daily: TLV RO; LOGO TI; SOKM TI; ONE RO; ALARABIA AB; ALPHA GA; C...
HEADLINES: • Banca Transilvania: stellar 3Q24 print sponsored by OTP RO integration POSITIVE • Logo Yazilim: 3Q24 results – small beat; FY24E guidance reiterated; buyback programme expires POSITIVE • Sok Marketler: highly weak set of results in 3Q24 NEGATIVE • ONE United Properties: 3Q24 broadly in line with recent trends NEUTRAL • Al Arabia Outdoor Advertising: weak 3Q24 financial results NEGATIVE • Alpha Services and Holdings: 3Q24 results highlights – improved outlook NEUTRAL • Inter Cars: Oc...
HTO HELLENIC TELECOMMUNICATIONS ORGANIZATION SA
PZU POWSZECHNY ZAKLAD UBEZPIECZEN SPOLKA AKCYJNA
LOGO LOGO YAZILIM SANAYI VE TICARET A.S.
ALPHA ALPHA BANK AE
CAR INTER CARS S.A.
TLV BANCA TRANSILVANIA S.A.
RICHT RICHTER
SOKM SOK MARKETLER TICARET AS
ONE ONE UNITED PROPERTIES SA
4071 ARABIAN CONTRACTING SERVICES CO
- Research Team
WOOD Daily: PEO PW; PKO PW; WIZZ LN; BVB RO; TBCG LN; CTPNV NA; AIRA L...
HEADLINES: • Bank Pekao: posts strong 3Q24; one of the cheapest among the Polish banks, but remains hostage to merger risk • PKO BP: 3Q24 results – no major surprises • Wizz Air: 2Q FY25 – small miss, with better fuel, but higher ex-fuel cask than we expected NEUTRAL • Bucharest Stock Exchange: weak 3Q24 results NEGATIVE • TBC Bank: 3Q24 results and conference call POSITIVE • CTP: 3Q24 in line; development-led growth continues NEUTRAL • Air Astana Group: 3Q24 EBITDA up by 10% yoy, exceeding the ...
- Research Team
WOOD Daily: EBS AV; MBK PW; ING PW; JMT PL; KOMB CP; MCOVB SS; TKNSA T...
HEADLINES: • Erste Bank: 3Q24 results – strong NII delivery • mBank: underlying 3Q34 business delivery in line; beat on headline net profit due to tax charges NEUTRAL • ING BSK: 3Q24 results – minor miss on high credit risk charges, as corporate NPL ratio surges NEUTRAL • Jeronimo Martins: beat in 3Q24, Biedronka at -2% lfl and stable margin erosion; price war continues POSITIVE • Komercni Banka: 3Q24 results – net profit largely in line with expectations • Medicover: 3Q24 operating numbers in l...
JMT JERONIMO MARTINS SGPS S.A.
EBS ERSTE GROUP BANK AG
HTO HELLENIC TELECOMMUNICATIONS ORGANIZATION SA
KOMB KOMERCNI BANKA A.S.
BSK ING BANK SLASKI S.A.
BDX BUDIMEX S.A.
AKCNS AKCANSA CIMENTO
PGE PGE POLSKA GRUPA ENERGETYCZNA S.A.
TKNSA TEKNOSA IC VE DIS TICARET AS
CAR INTER CARS S.A.
TPE TAURON POLSKA ENERGIA S.A.
SAB1L SIAULIU BANKAS
BRD BRD-GROUPE SOCIETE GENERALE
DIGI DIGI COMMUNICATIONS NV
MCOV B MEDICOVER AB
ADNOCDIST ADNOC DISTRIBUTION PJSC
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