reports
- Research Team
WOOD Daily: CCC PW (stays BUY); TXT PW; DOM PW; MIL PW; Poland macro; ...
HEADLINES: • CCC: Shaq attaq (stays BUY) • Text: 2Q24-25 (calendar 3Q24) preliminary results - MRR of USD 7.04m (-0.4% qoq, +8.8% yoy) NEGATIVE • Dom Development: strong sales performance in 3Q24 POSITIVE • Bank Millennium: to set aside PLN 470m of FX mortgage provisions in 3Q24E, cost of credit holidays lower NEUTRAL • Poland macro: NBP extends the pause • GEVORKYAN: EUR 31m long-term contract in the defence industry xx POSITIVE • Cimsa: completes the acquisition of Mannok DAC POSITIVE • Dino P...
- Lukasz Wachelko
- CFA
- Maria Mickiewicz
CCC: Shaq attaq (stays BUY)
We maintain our BUY rating on CCC, raising our 12M price target (PT) to PLN 227, from PLN 81. In our view, the >180% ytd share price rebound has not yet fully reflected the upside potential related to the disruption CCC is causing to the fashion industry, through its evolution into a unique combination of all the distribution channels (bricks & mortar, online and off-price), reinforced by licence agreements allowing it to design, manufacture and distribute products under globally-known brands, w...
EQS-News: Photon Energy Group verkauft zwei Solarkraftwerke und ein Hy...
Emittent / Herausgeber: Photon Energy NV / Schlagwort(e): Verkauf Photon Energy Group verkauft zwei Solarkraftwerke und ein Hybrid-PV-Projekt an CleanPeak Energy und fokussiert sich auf die Entwicklung großer Energiespeicher 02.10.2024 / 13:49 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Photon Energy Group verkauft zwei Solarkraftwerke und ein Hybrid-PV-Projekt an CleanPeak Energy und fokussiert sich auf die Entwicklung großer Energiespeicher Das Unternehmen hat einen Vertrag zum Verkauf von zwei in Betrieb befindlichen Photovo...
EQS-News: Photon Energy Group Sells Two Solar Power Plants and Hybrid ...
Issuer: Photon Energy NV / Key word(s): Disposal Photon Energy Group Sells Two Solar Power Plants and Hybrid PV Project to CleanPeak Energy, Refocusing on Utility-Scale Energy Storage Development 02.10.2024 / 13:49 CET/CEST The issuer is solely responsible for the content of this announcement. Photon Energy Group Sells Two Solar Power Plants and Hybrid PV Project to CleanPeak Energy, Refocusing on Utility-Scale Energy Storage Development The Company has signed an agreement to sell two operating solar power plants with a combined capacity of 14.5 MWp and a hybrid devel...
- Research Team
The Rear-View Mirror – EME markets: Greece rebounds, elsewhere mostly ...
EME Equity Market - September 2024 EME indices mostly in the red in September; rebound in Greece. The MSCI EM Europe Index declined 2.0% in EUR terms and 1.1% in USD terms in September. The Greek ASE Index was the best performer in our region, advancing 1.4% mom in EUR terms. Muted performances were seen in Czechia and Hungary (+0.3% and +0.2% mom, respectively in EUR terms), with declines in Poland, Romania and Turkey (-3.6%, -2.9% and -1.5% mom, respectively in EUR terms).
PEO BANK POLSKA KASA OPIEKI SA
OPAP GREEK ORGANISATION OF FOOTBALL PROGNOSTICS SA
KRU KRUK S.A.
MOL MOL NYRT
CEZ CEZ AS
CDR CD PROJEKT S.A.
RBI RAIFFEISEN BANK INTERNATIONAL AG
BIMAS BIM BIRLESIK MAGAZALAR A.S.
WIZZ WIZZ AIR HOLDINGS PLC
PZU POWSZECHNY ZAKLAD UBEZPIECZEN SPOLKA AKCYJNA
SPL SANTANDER BANK POLSKA SA
BSK ING BANK SLASKI S.A.
LAMDA LAMDA DEVELOPMENT S.A.
GEKTERNA GEK TERNA
KTY GRUPA KETY SA
PKN POLSKI KONCERN NAFTOWY ORLEN S.A.
SAR GR. SARANTIS S.A.
LPP LPP S.A.
ASELS ASELSAN ELEKTRONIK SANAYI VE TICARET A.S. CLASS B
CIMSA CIMENTO SANYAI VE TICARET A.S.
LOGO LOGO YAZILIM SANAYI VE TICARET A.S.
CCC CCC SA
CCOLA COCA-COLA ICECEK A.S.
AEGN AEGEAN AIRLINES SA
PGSUS.E PEGASUS HAVA TASIMACILIGI AS
APR AUTO PARTNER SA
PPC PUBLIC POWER CORPORATION S.A.
CAR INTER CARS S.A.
ARCLK ARCELIK A.S.
ECH ECHO INVESTMENT
CPS CYFROWY POLSAT SA
MBR MO-BRUK S.A.
11B 11 BIT STUDIOS S.A.
OTOEL AUTOHELLAS S.A.
VGO VIGO SYSTEM SA
WPL WIRTUALNA POLSKA HOLDING SA
BELA JUMBO S.A.
H4L1 HALYK SAVINGS BANK OF KAZAKHSTAN GDR
DIGI DIGI COMMUNICATIONS NV
NBGGY NATIONAL BANK OF GREECE S.A. ADS
RICHT RICHTER
19XX NEPI ROCKCASTLE PLC
R22 R22
ADNOCDIST ADNOC DISTRIBUTION PJSC
EAT AMREST HOLDINGS SE
TEN TEN SQUARE GAMES
ALG ALLEGRO.EU SA
CZG CESKA ZBROJOVKA GROUP
DUNAHOUSE DUNA HOUSE
KSPI KASPI KZ
INPST INPOST S.A.
PCF PCF GROUP SA
HUGE HUUUGE
PCO PEPCO GROUP NV
CTPNV KAZMUNAYGAS NC JSC
VRC CTP NV
KLKIM VERCOM SA
SHO KALEKIM KIMYEVI MADDELER SANAYI VE TICARET AS
4071 SHOPER SA
TRESTATES ARABIAN CONTRACTING SERVICES CO
GEV TRADE ESTATES REIC SA
NOVAL GEVORKYAN A.S.
BOCHGR NOVAL PROPERTY
BANK OF CYPRUS
EQS-News: Photon Energy to Run FORVIA’s First On-Site PPA Solar Power ...
Issuer: Photon Energy NV / Key word(s): Miscellaneous Photon Energy to Run FORVIA’s First On-Site PPA Solar Power Plant in Hungary 30.09.2024 / 12:40 CET/CEST The issuer is solely responsible for the content of this announcement. Photon Energy to Run FORVIA’s First On-Site PPA Solar Power Plant in Hungary Under a power purchase agreement (PPA) with FORVIA’s Clarion Hungary Electronics Kft. ("Clarion Hungary”), Photon Energy has developed, built and will now operate a 658 kWp solar photovoltaic (PV) power plant on the client’s premises. The plant is projected to gene...
EQS-News: Photon Energy betreibt FORVIAs erstes On-Site-PPA-Solarkraft...
Emittent / Herausgeber: Photon Energy NV / Schlagwort(e): Sonstiges Photon Energy betreibt FORVIAs erstes On-Site-PPA-Solarkraftwerk in Ungarn 30.09.2024 / 12:40 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Photon Energy betreibt FORVIAs erstes On-Site-PPA-Solarkraftwerk in Ungarn Im Rahmen des Stromabnahmevertrags (PPA) mit FORVIAs Clarion Hungary Electronics Kft. („Clarion Hungary“) hat Photon Energy auf dem Gelände des Kunden ein 658 kWp Photovoltaik-(PV)-Kraftwerk entwickelt, gebaut und wird es nun betreiben. Während der 20-...
- Research Team
WOOD Daily: KRU PW; CCC PW; VGO PW; KSPI US; HU Macro; 11B PW; ETE GA
HEADLINES: • Kruk: forging forward (stays BUY) • CCC: 2Q24 results a notch above prelims; positive trends maintained in 2Q24 POSITIVE • VIGO Photonics: miss on adjusted EBITDA and bottom line NEGATIVE • Kaspi.kz: issues response to short seller report • Hungary macro: MNB resumes the easing cycle • 11 bit studios: Frostpunk 2 falls to 20th position on Steam top seller list, player reviews recover marginally NEUTRAL • National Bank of Greece: HFSF to sell up to 12% of its stake
Kaspi.kz Responds to Investor Questions
Kaspi.kz Responds to Investor Questions ALMATY, Kazakhstan, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Kaspi.kz’s mission is to improve people’s lives by developing innovative mobile products and services. To deliver upon this we operate a unique two-sided Super App model – Kaspi.kz Super App for consumers and Kaspi Pay Super App for merchants. We are proud of the business we have built, which we are continuing to grow by serving consumers and businesses across Kazakhstan. Here are some important facts we think you should know about our business and our robust efforts to ensure local and interna...
Kaspi.kz to Announce 3rd Quarter and 9 Months 2024 Financial Results o...
Kaspi.kz to Announce 3rd Quarter and 9 Months 2024 Financial Results on 21st October ALMATY, Kazakhstan, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Kaspi.kz (KSPI US) will report its financial results for the quarter and nine months ended September 30, 2024, on Monday, 21st October, 2024. On that day, management will hold a conference call and webcast at 8.00am EST (1pm GMT, 5.00pm Astana time) to review and discuss the company's results for the period. 3rd Quarter & 9 months 2024 Financial Results Conference Call Monday, 21st October, 2024 To pre-register for this call, please go to the foll...
- Research Team
WOOD Daily: KSPI US; KTY PW; LOGO TI; WIZZ LN; AUG1L LH
HEADLINES: • Kaspi.kz: stock down 17% yesterday on report by short seller Culper • Kety: 3Q24 preliminary results close to our expectations NEUTRAL • Logo Yazilim: CMC approves cancellation of treasury shares POSITIVE • Wizz Air: 24-hour strike called for 24 September by third-party Italian union • AUGA Group: coverage discontinued • Short News (CEZ)
Kaspi.kz Statement on Misleading short-seller research
Kaspi.kz Statement on Misleading short-seller research ALMATY, Kazakhstan, Sept. 19, 2024 (GLOBE NEWSWIRE) -- The company is issuing the following statement following the research report published by Culper Research today: In our view, the report is misleading, inaccurate and misrepresents our business. Being the first company from Kazakhstan to successfully list on Nasdaq has obviously raised our profile amongst short sellers. For those investors who have known us over the years, our reputation speaks for itself. About Kaspi.kz Kaspi.kz’s mission is to improve people’s li...
Kaspi.kz receives first international credit rating
Kaspi.kz receives first international credit rating ALMATY, Kazakhstan, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Kaspi.kz has received its first international credit rating. Fitch rates Kaspi.kz investment grade BBB- with a stable outlook. This rating is separate from Kaspi Bank, a component of Kaspi.kz’s Fintech Platform, which has been tracked by international rating agencies for many years. Fitch also rates Kaspi Bank investment grade BBB- with a stable outlook. According to Fitch, the rating reflects Kaspi.kz’s unique business profile, leading nationwide franchise and one of the strongest ...
- Research Team
WOOD Daily: GEV CP; APR PW; CCC PW; NRP NA; KTY PW
HEADLINES: • GEVORKYAN: 2Q24 EBITDA down 12% yoy on one-off costs NEUTRAL • Auto Partner: 2Q24 slightly ahead of expectations NEUTRAL • CCC: change of Modivo CEO NEUTRAL • NEPI Rockcastle: potential acquisition of Magnolia Park • Kety: 3Q24E preview – stable EBITDA (+4% yoy) expected (due on 19 September)
EQS-News: Photon Energy schließt 7,5-MWp-Solar-PV-Kraftwerk in Rumänie...
Emittent / Herausgeber: Photon Energy NV / Schlagwort(e): Expansion Photon Energy schließt 7,5-MWp-Solar-PV-Kraftwerk in Rumänien an das Stromnetz an 16.09.2024 / 09:35 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Photon Energy schließt 7,5-MWp-Solar-PV-Kraftwerk in Rumänien an das Stromnetz an Das Unternehmen hat ein weiteres Kraftwerk in Rumänien mit einer Erzeugungskapazität von 7,5 MWp in der Nähe von Făget, Kreis Timiș, fertiggestellt und ans Netz angeschlossen. Das Kraftwerk Făget 3 ist das bisher größte im IPP-Portfol...
EQS-News: Photon Energy Connects 7.5 MWp Solar PV Power Plant to Grid ...
Issuer: Photon Energy NV / Key word(s): Expansion Photon Energy Connects 7.5 MWp Solar PV Power Plant to Grid in Romania 16.09.2024 / 09:35 CET/CEST The issuer is solely responsible for the content of this announcement. Photon Energy Connects 7.5 MWp Solar PV Power Plant to Grid in Romania The Company has completed and grid-connected an additional power plant in Romania with a generation capacity of 7.5 MWp located near Făget in Timiș County The Făget 3 power plant is the largest in the Group’s IPP portfolio to date and brings the number of operating plants to 100 ...
Moody’s upgrades our rating to investment grade
Moody’s upgrades our rating to investment grade ALMATY, Kazakhstan, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Moody’s has upgraded its long-term deposit ratings to investment grade Baa3 from Ba1 with a stable outlook for Kaspi Bank, a core part of Kaspi.kz’s Fintech Platform. Moody’s cited sound profitability, liquidity and the resilience of Kaspi.kz’s proven business model including Fintech, Payments and Marketplace Platforms. According to Moody’s: Kaspi.kz’s proven business model has demonstrated resilience throughout the economic cycle.Kaspi.kz has sound fundamentals, such as profitability,...
EQS-News: Photon Energy Becomes First Energy Aggregator Listed by Ener...
Issuer: Photon Energy NV / Key word(s): Expansion Photon Energy Becomes First Energy Aggregator Listed by Energy Regulatory Office in Poland 12.09.2024 / 09:26 CET/CEST The issuer is solely responsible for the content of this announcement. Photon Energy Becomes First Energy Aggregator Listed by Energy Regulatory Office in Poland Photon Energy is the first company to be officially listed as an energy aggregator by the Polish Energy Regulatory Office (pl. Urząd Regulacji Energetyki / URE). Starting 1 December 2024, Photon Energy intends to provide aggregation of electr...
EQS-News: Photon Energy ist der erste von der Energieregulierungsbehör...
Emittent / Herausgeber: Photon Energy NV / Schlagwort(e): Expansion Photon Energy ist der erste von der Energieregulierungsbehörde gelistete Energie Aggregator in Polen 12.09.2024 / 09:26 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Photon Energy ist der erste von der Energieregulierungsbehörde gelistete Energie Aggregator in Polen Photon Energy ist das erste Unternehmen, das von der Energieregulierungsbehörde (pl. Urząd Regulacji Energetyki / URE) offiziell als Energieaggregator gelistet wird. Ab dem 1. Dezember 2024 beabsichtig...
- Research Team
The Rear-View Mirror – EME markets: only Czech PX index in positive te...
EME Equity Market – August 2024 A red month for the EME indices, with only the Czech PX index in positive territory. The MSCI EM Europe index declined by 4.7% in EUR terms and 2.6% in USD terms in August. The Czech PX index was the only index to report a positive figure, adding 0.5% mom in EUR terms. The rest of the indices were in the red: the Turkish ISE30 index was down 11.5% mom in EUR terms, followed by Greece (-3.2% mom), Romania (-2.6% mom) and Hungary (-1.2% mom; all in EUR terms). The P...
EUROB EUROBANK ERGASIAS SERVICES & HOLDINGS SA
PEO BANK POLSKA KASA OPIEKI SA
KRU KRUK S.A.
MOL MOL NYRT
EBS ERSTE GROUP BANK AG
BOCH BANK OF COMMERCE HOLDINGS
CEZ CEZ AS
ACP ASSECO POLAND SA
HTO HELLENIC TELECOMMUNICATIONS ORGANIZATION SA
CDR CD PROJEKT S.A.
OMV OMV AG
PKO PKO BANK POLSKI S.A.
KOMB KOMERCNI BANKA A.S.
BHW BANK HANDLOWY W WARSZAWIE S.A.
WIZZ WIZZ AIR HOLDINGS PLC
PZU POWSZECHNY ZAKLAD UBEZPIECZEN SPOLKA AKCYJNA
BSK ING BANK SLASKI S.A.
BDX BUDIMEX S.A.
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
CCOLA COCA-COLA ICECEK A.S.
GTC GLOBE TRADE CENTRE S.A.
DOM DOM DEVELOPMENT SA
BFT BENEFIT SYSTEMS S.A. ALLOTMENT
MGROS MIGROS TICARET A.S
TKNSA TEKNOSA IC VE DIS TICARET AS
PGSUS.E PEGASUS HAVA TASIMACILIGI AS
LVC LIVECHAT SOFTWARE SA
TBCB TBC BANK JOINT STOCK CO
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.
THYAO TURK HAVA YOLLARI A.O.
TUPRS TURKIYE PETROL RAFINERILERI A.S.
EUR EUROCASH S.A.
CPS CYFROWY POLSAT SA
MBR MO-BRUK S.A.
GPW WARSAW STOCK EXCHANGE
11B 11 BIT STUDIOS S.A.
ALR ALIOR BANK SA
OTOEL AUTOHELLAS S.A.
WPL WIRTUALNA POLSKA HOLDING SA
BRD BRD-GROUPE SOCIETE GENERALE
TLV BANCA TRANSILVANIA S.A.
ETEL TELECOM EGYPT
MONET MONETA MONEY BANK AS
SNG SOCIETATEA NATIONALA DE GAZE NATURALE ROMGAZ SA
H4L1 HALYK SAVINGS BANK OF KAZAKHSTAN GDR
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
19XX NEPI ROCKCASTLE PLC
M MED LIFE
SFG SPHERA FRANCHISE GROUP SA
ADNOCDIST ADNOC DISTRIBUTION PJSC
NLBR NLB GROUP
ESLT ELBIT SYSTEMS LTD
KAP NATIONAL ATOMIC COMPANY KAZATOMPROM
TEN TEN SQUARE GAMES
DUNAHOUSE DUNA HOUSE
KSPI KASPI KZ
PCF PCF GROUP SA
HUGE HUUUGE
4IG 4IG NYRT
IGN1L IGNITIS GRUPE
CTPNV CTP NV
ONE ONE UNITED PROPERTIES SA
GPP GRUPA PRACUJ DA
BCG BALTIC CLASSIFIEDS GROUP PLC
ADNOCDRILL ADNOC DRILLING CO
2381 ARABIAN DRILLING CO.
7202 ARABIAN INTERNET & COMMUNICATIONS SERVICES CO
9526 JAHEZ INTERNATIONAL CO
ELPE HELLENIQ ENERGY
SHO SHOPER SA
4071 ARABIAN CONTRACTING SERVICES CO
7203 ELM CO
AQ AQUILA PART PROD COM
TRESTATES TRADE ESTATES REIC SA
AIRA AIR ASTANA JSC
NOVAL NOVAL PROPERTY
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