reports
EQS-News: RBI: Ergebnisse der Einladung zum Rückkauf von Wertpapieren ...
EQS-News: Raiffeisen Bank International AG / Schlagwort(e): Sonstiges RBI: Ergebnisse der Einladung zum Rückkauf von Wertpapieren durch die Raiffeisen Bank International AG 03.10.2024 / 13:43 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. RBI: Ergebnisse der Einladung zum Rückkauf von Wertpapieren durch die Raiffeisen Bank International AG Wien, 3. Oktober 2024. Die Raiffeisen Bank International AG (die „Bank“) hat am 25. September 2024 die berechtigten Inhaber (die „Schuldverschreibungsinhaber“) ihrer ausstehenden „EUR 500.000.000 N...
EQS-News: RBI: Results of the Tender Offer by Raiffeisen Bank Internat...
EQS-News: Raiffeisen Bank International AG / Key word(s): Miscellaneous RBI: Results of the Tender Offer by Raiffeisen Bank International AG 03.10.2024 / 13:43 CET/CEST The issuer is solely responsible for the content of this announcement. RBI: Results of the Tender Offer by Raiffeisen Bank International AG Vienna, 3 October 2024. On 25 September 2024, Raiffeisen Bank International AG (“the Bank”) invited eligible holders (the "Noteholders") of its outstanding EUR 500,000,000 Subordinated Callable Fixed-to-Fixed Rate Reset Notes due March 2030 (ISIN: XS2049823763) (the "N...
- 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...
- 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
- Oliver Metzger
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 10/01/2024
Like Astérix in the album of the same name, Michel Barnier has a cauldron to fill. Two measures to manage this have “leaked” in the press in the last few days: a reduction in the CIR research tax credit and an exceptional tax increase on large companies. We measured the sensitivity to these two measures of the 90 and 80 companies most concerned in our coverage universe. 20 companies have a CIR >5% of their EBIT and 22 companies would see their EPS fall by more than 5% due to the addit...
- Oliver Metzger
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 01/10/2024
Comme Astérix dans l’album éponyme, Barnier a un chaudron à remplir. Deux mesures pour y parvenir ont « fuité » ces derniers jours dans la presse : rabotage du CIR (Crédit d’impôt Recherche) et hausse « exceptionnelle » de l’impôt des sociétés sur les grands groupes. Nous avons mesuré la sensibilité des 90 et 80 sociétés les plus concernées dans notre univers de couverture à ces deux mesures. 20 sociétés ont un CIR > 5% de leur EBIT et 22 sociétés verraient leurs BPA baisser de plus d...
- Research Team
WOOD Daily: MCOVB SS (BUY – initiation of coverage); HTO GA (upgrade t...
HEADLINES: • Medicover: private healthcare pioneer keeps on rolling (BUY - initiation of coverage) • OTE: safe dividend play (upgraded to BUY) • National Bank of Greece: HFSF launches the sale of a 10% stake in NBG NEUTRAL • PCF Group: 2Q24 results in negative territory, below our expectations NEGATIVE • mBank: issues traditional profit warning related to the CHF mortgage saga, ahead of 3Q24E results NEUTRAL • InPost: 4.9% price hike for Allegro NEUTRAL • Allegro: introduction of spirits from 21...
- Baptiste Lebacq
Schoeller Bleckmann : Momentum in North America taking a toll
>Outperform rating and target price adjusted to € 65 - Following a company contact and based on a scenario of business recovery in the US that is taking longer to materialise than expected, we have lowered our earnings forecast by 25% for 2024-2026e on average. We maintain our Outperform rating with an adjusted target price of € 65 (vs € 70). Our target price is still based on an EV/EBITDA NTM multiple of 8.5x (average seen over the last 20 years, we are at the h...
- Baptiste Lebacq
Schoeller Bleckmann : Le momentum en Amérique du Nord pèse
>Opinion Surperformance maintenue et OC ajusté à 65 € - Post contact société et compte tenu d’un scénario de reprise de l’activité aux Etats-Unis qui met plus de temps à se matérialiser, nous revoyons en baisse nos attentes de résultats de 25% en moyenne sur 2024/26e. Nous réitérons notre recommandation Surperformance avec un OC ajusté à 65 € (vs 70 €). Notre OC reste basé sur un multiple de VE/EBITDA NTM de 8.5x (moyenne observée au cours des 20 dernières anné...
- Research Team
WOOD Daily: 11B PW (downgraded to HOLD); LAMDA GA (stays BUY); GE macr...
HEADLINES: • 11 bit studios: risk profile increased materially (downgraded to HOLD) • Lamda Development: breaking ground (stays BUY) • Georgia macro: important elections approaching • CTP: 2024 CMD, the demand led growth continues • NEPI Rockcastle: buys Magnolia Park in Wroclaw for EUR 373m POSITIVE • PZU: has paid more than PLN 111m of claims related to floods, and serviced 70% of filed cases so far POSITIVE • Bank Pekao: incoming CEO talks to Forbes • 11 bit studios: interview with the CEO on...
- Egor Fedorov
- James Wilson
EM Credit Spark/EM credit weekly
EM issuance continued at a healthy pace this week, while the macro backdrop continues to point to further monetary easing in developed markets. We expect a slowing in the pace of supply to act as a technical tailwind, keeping spreads well anchored into the end of the year.
- Research Team
WOOD Daily: BIMAS TI; GEKTERNA GA; BELA GA; LPP PW; PEO PW; CPS PW; MB...
HEADLINES: • BIM: weak results in 2Q24 NEGATIVE • GEK Terna: 1H24 EBITDA climbs 7%, to EUR 269m, as broadly expected NEUTRAL • Jumbo: 1H24 results in line, EGM approves share buyback plan NEUTRAL • LPP: key takeaways from the 2Q24 results call POSITIVE • Bank Pekao: appoints Marcin Zygmanowicz and dismisses Magdalena Zmitrowicz from the management board NEUTRAL • Cyfrowy Polsat: Solorz announces plans to dismiss his children from the company NEUTRAL • Mo-BRUK: signs new PLN 12.2m contract for “e...
- Louis Boujard
- CFA
- Philippe Ourpatian
ODDO : A gradual weaning
‘Soft landing’... the term is in vogue and we think it aptly describes the current situation in the energy market. After a period of “excess profits”, the fundamentals are back in favour and prompt us to revise down our estimates for energy prices. - Alongside renewable energies, pockets of sustainable value creation are emerging for players capable of capitalising on the structural growth in volatility on the electricity markets but which are nonetheless trading at a discount In ...
FP TOTAL SE
EQNR EQUINOR ASA
ENGI ENGIE SA.
EDP EDP-ENERGIAS DE PORTUGAL SA
GALP GALP ENERGIA SGPS SA CLASS B
FORTUM FORTUM OYJ
EOAN E.ON SE
ENI ENI S.P.A.
ELE ENDESA S.A.
ORSTED ORSTED
RWE RWE AG
VER VERBUND AG CLASS A
ENEL ENEL SPA
REP REPSOL SA
GAS NATURGY ENERGY GROUP S.A.
IBE IBERDROLA SA
BP. BP P.L.C.
SHEL SHELL PLC
UN0 UNIPER SE
- Louis Boujard
- CFA
- Philippe Ourpatian
ODDO : Un sevrage dans la douceur
“Soft landing”… le terme est à la mode et nous pensons qu’il caractérise bien la situation du marché de l’énergie aujourd’hui. Après une parenthèse de « surprofits », les fondamentaux reprennent leur droit et nous conduisent à réviser en baisse nos hypothèses de prix de l’énergie. A côté du renouvelable, des poches pérennes de création de valeur apparaissent pour les acteurs capables de profiter de la croissance structurelle de la volatilité des marchés électriques et qui souffre...
FP TOTAL SE
EQNR EQUINOR ASA
ENGI ENGIE SA.
EDP EDP-ENERGIAS DE PORTUGAL SA
GALP GALP ENERGIA SGPS SA CLASS B
FORTUM FORTUM OYJ
EOAN E.ON SE
ENI ENI S.P.A.
ELE ENDESA S.A.
ORSTED ORSTED
RWE RWE AG
VER VERBUND AG CLASS A
ENEL ENEL SPA
REP REPSOL SA
GAS NATURGY ENERGY GROUP S.A.
IBE IBERDROLA SA
BP. BP P.L.C.
SHEL SHELL PLC
UN0 UNIPER SE
- Marine Leleux
- Maureen Schuller
- Suvi Platerink Kosonen
Bank Brunch/Commerzbank state of play, mBank green senior pref, Credit...
Commerzbank spreads head wider as tensions mount between UniCredit and German government. mBank takes a different route with a new green preferred senior. Crédit Agricole comes with a new US$ AT1 to keep layers efficient. La Banque Postale makes its annual recurrence in senior non-pref. The ECB published its banking statistics for 2Q24
- Marine Leleux
- Maureen Schuller
- Suvi Platerink Kosonen
Bank Brunch/Commerzbank state of play, mBank green senior pref, Credit...
Commerzbank spreads head wider as tensions mount between UniCredit and German government. mBank takes a different route with a new green preferred senior. Crédit Agricole comes with a new US$ AT1 to keep layers efficient. La Banque Postale makes its annual recurrence in senior non-pref. The ECB published its banking statistics for 2Q24.
Minnesota Power plans two large solar projects in northern Minnesota a...
DULUTH, Minn.--(BUSINESS WIRE)-- Minnesota Power, a utility division of ALLETE Inc. (NYSE: ALE), announced today it plans to build two large solar projects in northern Minnesota as part of its continued transition toward a cleaner energy future while prioritizing regional renewable energy investments. The Regal Solar project near Royalton, Minnesota, and the Boswell Solar project in Cohasset, Minnesota, were chosen in an open process from competitive bids in Minnesota Power’s 2023 solar request for proposals. The process included an independent evaluator who monitored it and concurred with th...
- Research Team
WOOD Daily: EME Macro/Strategy Weekly; RBI AV; 11B PW; PCF PW; KTY PW;...
HEADLINES: • EME Macro/Strategy: macro all-in-one (16-22 September) • Raiffeisen Bank International: signs agreement targeted at sale of its Belarusian operations • 11 bit studios: Frostpunk 2 post-release player reviews and player count disappoint NEGATIVE • PCF Group: updates timeframe for strategy implementation, new PLN 350m financing needed in 2025-26E NEGATIVE • Kety: takeaways from the Investor Day NEUTRAL • ADNOC Distribution: Board approves interim dividend NEUTRAL • VIGO Photonics: beg...
MBank S.A.: 1 director
A director at MBank S.A. sold 451 shares at 666.245PLN and the significance rating of the trade was 55/100. 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 clearly showin...
- Maureen Schuller
- Suvi Platerink Kosonen
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