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UBM Development AG: 1 director
A director at UBM Development AG bought 5,000 shares at 19.720EUR and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...
Raiffeisen Research Institutional Equity Daily 24.11.2022
AT: CA Immo - Higher Opex impact Q3, guidance confirmed, strategy overview (neutral) AT: IMMOFINANZ - Strong Q3 result as trigger for raised FY 22 guidance (positive) AT: SBO - Q3 results in line with RBIe, bookings at all-time high, bright 2023 sector outlook (positive) AT: UBM Development - Quarter reflects current challenges, break-even EBT (negative) CZ: Komercni Banka - Shareholders approve CZK 55.50 special dividend per share (neutral) DE: Encavis - Encavis acquired 14 MW subsi...
UBM Development Q3 22 - Quarter reflects current challenges, break-eve...
Q3 reflects slowdown of transaction activity with break-even EBT Cash position slightly up in the quarter to EUR 358 mn Guidance confirmed, but dependent on Baubergerstraße building permit Correction of 2020 result following OePR review results in EUR 27 mn impact on equity Overall, we see the release as neutral to slightly negative
Raiffeisen Research Institutional Equity Daily 20.10.2022
AT: OMV - Austria's government to discuss about OMV's future with Abu Dhabi's MPPH (neutral) AT: UBM Development - Receival of building permit for LeopoldQuartier (positive) CZ: Banks/Utilities - Confusing government comments regarding plans to collect windfall profit tax already in 2022 (neutral) DE: Encavis - Encavis closes project financing for two solar parks in Denmark (neutral) PL: Bank Pekao - Management expects net profit in FY 2022 despite the net loss in Q3 (neutral) PL: CC...
Raiffeisen Research Institutional Equity Daily 28.09.2022
AT: FACC - Changes in the management board (neutral) AT: S IMMO - Receives two awards for sustainability reporting (neutral) AT: UBM Development - Sale of joint venture project in Berlin (neutral) AT: Wienerberger - Share buyback programme completed, partial cancellation allows for more buybacks in due course (positive) PL: Banks - KNF plans to fully replace WIBOR by the beginning of 2025 (neutral) PL: mBank - Profit warning Nr. 2: Huge FX mortgage risk provision in Q3 triggering net...
UBM Development confirmed at BUY, TP EUR 37.5 - Challenges ahead, but ...
Rates and market uncertainty result in difficult environment ahead Unclear when there will be more visibility Possible silver lining on the horizon as in recent months contruction prices have seen a stabilization With good liquidity and a solid capitalizsation the company should be well prepared to weahter the crisis
Raiffeisen Research Institutional Equity Daily 13.09.2022
AT: Flughafen Wien - August traffic figures (neutral) AT: UBM - Acquisition in Germany to build a 10,000 m2 timber-hybrid office building (neutral) CZ: Macro - Czech year-on-year inflation dynamics decreased after 14 months DE: Encavis - Scope confirmed the investment grade BBB- rating for Encavis, raised outlook (neutral) EU: Utilities - EU to announce liquidity support scheme for utilities on Wednesday (neutral) HU: MOL - Change in the number of treasury shares (neutral) PL: Answ...
UBM Development Q2 22 - Guidance below expectations as trading conditi...
Market developments impact transaction activity FY 22 EBT guidance of EUR 38-42 mn, significantly below expectations of EUR 60 mn Q2 results broadly in line with expectations, but significantly down yoy On the back of the guidance implying a significant downside to consensus we have a negative take on the release
Raiffeisen Research Institutional Equity Daily 25.08.2022
AT: CA Immo - FFO I surprises positively, FY guidance in line with expectations (neutral) AT: EVN - Balanced business portfolio fends off retail pressure in Q3 21/22, net profit doubled, guidance confirmed (positive) AT: IMMOFINANZ - Strong FFO I, but guidance implies weaker H2 (neutral) AT: UBM Development - Guidance below expectations, as trading conditions worsen (negative) PL: PZU - Net Profit below consensus, but underlying operations remain solid (neutral) RO: BRD-GSG, Banca Tr...
Raiffeisen Research Institutional Equity Daily 01.08.2022
AT: Erste Group - Q2 net profit 11% ahead of consensus on risk costs release / 2022 outlook marginally lifted / max risk costs of 90 bps in 2022 and 85 bps in 2023 in stress scenario (positive) AT: Rosenbauer - Resignation of CEO Siegel, CFO Wolf to resume CEO position in personal union (neutral) CZ: CEZ - CEZ started withdrawal from Turkey (positive) DE: Real Estate - Q2 market data shows first increases in yields (negative) GE: Baader Bank - announces the subscription price for stock...
CEZ CEZ AS
PGN POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO SA
ROS ROSENBAUER INTERNATIONAL AG
BWB BAADER BANK AG
CAI CA IMMOBILIEN ANLAGEN AG
SPI S IMMO AG
UBS UBM DEVELOPMENT AG
WXF WARIMPEX FINANZ UND BETEILIGUNG
MOL MOL HUNGARIAN OIL & GAS PLC CLASS A
IIA IMMOFINANZ AG
ONE ONE UNITED PROPERTIES SA
Raiffeisen Research Institutional Equity Daily 01.07.2022
AT: Andritz - Andritz acquried Bonetti group (neutral) AT: Andritz - Andritz to supply fiberline and lime kiln equipment to Sun Paper, China (neutral) AT: UBM - UBM sells project and construction management subsidiary Alba (neutral) AT: Wienerberger - Strong Q2 results trigger FY EBITDA guidance upgrade (positive) AT: Zumtobel - Better than expected Q4 results despite higher warranty costs, FY 21/22 guidance beat, implied FY 22/23 EBIT range in line with RBIe (positive) CZ: CEZ - CEZ...
Raiffeisen Research Institutional Equity Daily 15.06.2022
AT: KapschTrafficCom - FY 21/22 beats consensus, management calls turnaround, sees better revenues and EBIT for 22/23e (positive) AT: Mayr-Melnhof - Preliminary indication reveals blowout earnings in Q2 (positive) AT: Real Estate - Q1 shows continued growth in residential valuations (neutral) PL: Bank Pekao - Management board members incl. CEO reappointed for next 3 years (neutral) PL: LPP - Strong Q1 22/23 excluding Russian operations (positive) RO: OMV Petrom - The Executive Board ...
Raiffeisen Research Institutional Equity Daily 09.06.2022
CECE index review - FFF and NoS changes in Allegro, Colt and MOL AT: IMMOFINANZ - Dietmar Reindl and Stefan Schönauer stepping down from management board (negative) AT: UBM Development, CA Immo - Sale of "Kaufmannshof" joint venture for EUR 48.5 mn (positive) AT: Vienna Insurance Group - Successful placemement of EUR 500 mn Tier 2 notes (neutral) HU: MOL - Fitch revised the outlook to negative from stable and affirmed MOL's investment grade credit rating at 'BBB-' (neutral) RO: One ...
Raiffeisen Research Institutional Equity Daily 25.05.2022
AT: CA Immo - Q1 ahead of expectations, additional valuation effects (positive) AT: EVN - Q2 operating result above expectations, net income affected by goodwill impairment, net guidance confirmed though (positive) AT: IMMOFINANZ - Solid Q1, no new guidance or dividend announcement yet (neutral) AT: UBM Development - Relatively uneventful Q1 with results in line with pre pandemic years HU: OTP - OTP bought 100k of its shares (neutral) PL: CCC - Interview with HalfPrice CEO (neutral) RO: BRD-GSG,...
UBM Development confirmed at BUY, TP EUR 49.0 - Strong pipeline & bala...
Decreased net debt, record liquidity and equity ratio above target range make UBM well prepared to face near term volatility Most costs for projects under construction fixed, protecting against immediate inflation impact Residential (55% of pipeline) historically proved to be a good hedge in times of uncertainty and elevated inflation levels Likely margin pressure and possible delays on new project starts if material shortgages arise Decrease in target price on the back of lowered estimates and ...
UBM DEVELOPMENT sees an upgrade to Slightly Positive due to a better f...
The general evaluation of UBM DEVELOPMENT (AT), a company active in the Real Estate Holding & Development industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 22, 2022, the ...
Raiffeisen Research Institutional Equity Daily 02.03.2022
STOXX Europe 600 Index review - No changes of index constituents in our Coverage Universe AT: Andritz - Andritz received equipment order from Essity in the U.S. (neutral) AT: EVN, OMV - Infrastructure Minister announces new law for gas reserves (neutral) AT: Flughafen Wien - Airport operator confirms FY 22 guidance with Q4 reporting (neutral) AT: OMV - OMV decided not to invest in Achimov IV/V gas field in Russia, involvement in the Nord Stream 2 under review (neutral) AT: RBI - RBI ...
PEO BANK POLSKA KASA OPIEKI SA
CEZ CEZ AS
EVN EVN AG
RBI RAIFFEISEN BANK INTERNATIONAL AG
OMV OMV AG
PKO PKO BANK POLSKI S.A.
BHW BANK HANDLOWY W WARSZAWIE S.A.
VER VERBUND AG CLASS A
SPL SANTANDER BANK POLSKA SA
MIL BANK MILLENNIUM SA
PKN POLSKI KONCERN NAFTOWY ORLEN S.A.
LPP LPP S.A.
UBS UBM DEVELOPMENT AG
ANDR ANDRITZ AG
HYDR FEDERAL HYDRO-GENERATING COMPANY - RUSHYDRO PJSC
GAZP GAZPROM PJSC
FLU FLUGHAFEN WIEN AG
MOL MOL HUNGARIAN OIL & GAS PLC CLASS A
NLBR NOVA LJUBLJANSKA BANKA DD LJUBLJANA
Real Estate Sector Report 2022
Rising rates could dampen the sentiment towards the sector, but modest and gradual increases should not trigger a deterioration of the market environment, in our view Liquidity, rising investment volumes could be supportive Sector valuation broadly in line with historical averages We downgrade S IMMO from BUY to HOLD on the back of a share price recovery CTP, UBM, IMMOFINANZ and Warimpex maintained at BUY
Raiffeisen Research Institutional Equity Daily 12.01.2022
AT: IMMOFINANZ - CPI to publish official offer today, January 12 (neutral) AT: UBM Development - Selling Vienna JV project for EUR 51.5 mn (positive) DE: Encavis - Encavis Asset Management acquired 56.3 MW PV park for EIF II in Spain (neutral) PL: PKN - PKN to make a strategic announcement today (neutral) RU: UniCredit - interested in acquiring Russian Bank Otkritie FC
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