Credit Morning 12/19/2025

Coty announces sale of remaining 25.8% stake in Wella|

Morning Crédit 19/12/2025

Coty annonce la cession de sa participation résiduelle de 25,8% dans Wella|

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 12/19/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 19/12/2025

Raiffeisen Bank International : “Kaliningrad 2”: verdict brings Russia...

Raiffeisen Bank International AG: 1 director

A director at Raiffeisen Bank International AG sold 3,475 shares at 36.467EUR 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 t...

Raiffeisen Bank International : “Kaliningrad 2” : un verdict qui met f...

Credit Morning 12/18/2025

Moody’s downgrades SES rating from Baa3/negative to Ba1/stable|ams OSRAM launches a € 300m tender offer on the 2027 convertible bonds|

Morning Crédit 18/12/2025

Moody’s dégrade le rating de SES de Baa3/négative à Ba1/stable|ams OSRAM lance une offre d’achat de 300 m EUR sur les obligations convertibles 2027|

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 12/16/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 16/12/2025

Raiffeisen Bank International : The sun will still rise in the East, e...

Despite its return to favour this year (+90% YTD vs SX7E +75%), we think the stock has re-rating potential that is still overlooked regarding RBI’s increasingly credible capacity to’ function’ decently without Russia, (the group’s key engine until 2022). Its solid outlook for profitability (ROE ~12% sur 2025-2028e, +7 pts vs 2024), and shareholder returns (dividend yield of ~6%, potential increase in the payout) and low valuation multiples (20% discount vs sector on P/E 2026e). We initiate cover...

Raiffeisen Bank International : Le soleil se lèvera toujours à l’Est …...

En dépit d’un retour en grâce amorcé (+90% YTD vs SX7E +75%), il existe, selon nous, un potentiel de rerating encore mal identifié sur la capacité de plus en plus crédible de RBI à ‘fonctionner’ décemment sans la Russie (véritable locomotive du groupe jusqu’en 2022). Ses perspectives sont solides en matière de rentabilité (ROE ~12% sur 2025/28e, +7 pts vs 2024), et de retour à l’actionnaire (rendement dividende ~6%, potentielle hausse du payout)… le tout sur des multiples de valorisation bas (dé...

WOOD Daily: CCC PW; JMT PL; ALE PW; INPST NA; MBR PW; KTY PW; PCO PW; ...

HEADLINES: • CCC: shareholders ask for 2m share buyback POSITIVE • Jeronimo Martins: court approves PLN 160m fine from Antimonopoly Office NEGATIVE • Allegro/InPost: EU to introduce EUR 3 payment for all packages coming from outside the community NEUTRAL • Mo-BRUK: PLN 19m 2017 waste-fee case closed NEUTRAL • Kety: 4Q25E preliminary results preview – flat yoy EBITDA in a tough environment (due on 17 December) • Pepco Group: 2H25E preview – EBITDA decline of 5% yoy expected (due on 17 December) N...

WOOD Morning (11 December 2025)

HEADLINES: • Eurocash: key takeaways from the strategy presentation NEGATIVE • Allegro/InPost: Allegro launches C2X locker service NEGATIVE • Budimex: PLN 2.6bn bid from BDX's consortium selected in PKP PLK tender NEUTRAL • Theon International: signs its largest ever contract, worth EUR 1bn, with OCCAR POSITIVE • Mavi: strong beat in 3Q25 results POSITIVE • Al Arabia Outdoor Advertising: wins 10-year contract to operate advertising at Prince Mohammad bin Abdulaziz Airport (PMIA) in Madinah POSIT...

WOOD Morning (10 December 2025)

HEADLINES: • XTB S.A.: morphing into a Pan-European super app (BUY - initiation of coverage) • Eurocash: new strategy aiming at 2027E EBIT of PLN 600m POSITIVE • Rainbow Tours: winter season pre-sales growth accelerates to 8.2% yoy POSITIVE • Budimex: PLN 276m bid from BDX consortium scores highest in tender for district heat network construction NEUTRAL • 4iG: signs strategic partnership agreements in Türkiye POSITIVE • 4iG: sells 4iG Broadcast Infrastructure NEUTRAL • Short News (4iG)

PSA Media & Entertainment: Video Game Round-Up

This report by global gaming analyst Pelham Smithers recaps (1) the recent video game data,(2) which was the best game of 2025 and (3) what is happening to online discounts for Switch 2.

WOOD Daily: PGSUS TI; APR PW; BDX PW; EME Macro/Strategy; DNP PW; ENA ...

HEADLINES: • Pegasus Airlines: signs an agreement to acquire Czech Airlines for EUR 154m • Auto Partner: November sales growth decelerates to 2.6% yoy NEGATIVE • Budimex: PLN 1.1bn offer selected by PKP PLK POSITIVE • EME Macro/Strategy: macro all-in-one (28 November-4 December) • Postcards from Prague • Dino • Enea • Warsaw Stock Exchange • CEZ • Banca Transilvania • BRD-GSG • Cimsa • Akcansa • Artea Bankas • Ignitis • NLB Group • Mavi: 3Q25E earnings preview (due out 10 December)

WOOD Morning (5 December)

HEADLINES: • Baltic Classifieds Group: FY 1H26 financial results review and conference call takeaways NEUTRAL • Orange Polska: signs Social Agreement for 2026-27 with trade unions POSITIVE • Budimex: GDDKiA cancels selection for Starogard Gdański bypass NEGATIVE • CEZ: minority shareholders group suing State for WFT damages NEUTRAL • WOOD's Winter Wonderland EME Conference 2025: Postcards from Prague • CD Projekt • cyber_Folks/Shoper • Orange Polska • Text • Vercom • 4iG • Magyar Telekom • Titan

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 12/03/2025