A director at X5 Retail Group N.V. sold 20,000 shares at 21.000USD and the significance rating of the trade was 86/100. 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 cl...
EME Equity Market – September 2022 Market performance – in a rough month for the markets, Turkey emerges as the top-performing region, once again. The MSCI EM Europe Index declined 8.3% mom in EUR terms and 10.7% mom in USD in September; while the ISE index outperformed all the other indices once again, but with a muted performance this time, adding just 1.0% mom in EUR terms and 0.1% in local currency terms. All the other indices recorded negative performances, with the Czech PX Index losing 4....
HEADLINES: • EME Macro/Strategy: US macro - may be heading for 6% rates and recession • Shoper: 2Q22 adjusted EBITDA broadly in line with preliminary figure NEUTRAL • Santander Bank Polska: sees increase in OSII buffer - cross-read for Bank Pekao • PKO BP: sees OSII hike to 200bps (up from 100bps) • Polyus: 1H22 financial results - in line with consensus EBITDA, further pressure ahead NEUTRAL • Short News (COTE, SNP, SNG)
EME Equity Market – July 2022 Market performance – markets mostly up during the month, but Russia’s MOEX down 9.4% in EUR terms. The MSCI EM Europe Index added 2.3% mom in EUR, but lost 0.5% mom in USD in July. The Greek ASE Index was the best performing benchmark, advancing 5.0% mom in EUR. Hungary’s benchmark, the BUX Index, added 4.4% mom and 6.5% mom in EUR and HUF terms, respectively. Romania’s BET Index gained 1.7% mom in EUR terms and 1.3% mom in local currency, while Turkey’s ISE20 added...
HEADLINES: • Erdemir: attractive dividend yield, offset by cost pressures (HOLD - reinitiation of coverage) • Titan Cement: recovering lost ground (stays BUY) • Erste Bank: posts very solid 2Q22 results and guidance mix POSITIVE • Otokar: 2Q22 results - strong beat POSITIVE • Eurobank: strong 2Q22, guidance upgraded for 2022E • National Bank: another solid beat, with upside risks for 2022E forecasts • NLB Banka: 2Q22 results review - annualised ROE reaches as much as 20.8% • Zagreb Stock E...
HEADLINES: • Polish oil & gas: you can't have one, without the other (PKN Orlen stays BUY, Grupa Lotos upgraded to BUY) • Polymetal: considering potential disposal of Russian assets POSITIVE • Polyus/Polymetal: ban of Russian gold imports to the EU could be approved formally today NEGATIVE • Siauliu Bankas: 2Q22E results preview (due on 29 July) • Short News (EL, FP, TEL)
HEADLINES: • LiveChat Software: Zendesk, LVC's closest peer, to be acquired for USD 10.2bn POSITIVE • Fondul Proprietatea: results of the tender offer • OMV Petrom: reduction of price at pump might be voluntary and covered by cuts in other taxes • Alro: completes new automated extrusion line • Zagreb Stock Exchange: increases stake in Macedonian Stock Exchange to 17.05% • Polyus/Polymetal: US and G7 agree on import ban on new gold from Russia
AT: Flughafen Wien - Home carrier Austrian Airlines' summer capacities correspond to roughly 80% of pre Covid levels (neutral) CZ: CEZ - Acquiring Czech nuclear servicing company from Gazprombank (neutral) PL: Consumer - E-commerce momentum seems to weaken as survey shows 51% (down from 64%) declared lasting changes to shopping patterns (neutral) PL: Insurance - Insurers could raise mandatory motor insurance premiums for reckless drivers (positive) RO: Transgaz - Fitch keeps rating BBB...
HEADLINES: • Lotos: announces conditional dividend distribution POSITIVE • Bogdanka: Treasury kicks off acquisition of Enea's shares • CEZ: announces acquisition of Skoda JS, its major nuclear fleet supplier • Magyar Telekom: acquires fibre network covering 110k access points for HUF 6.95bn NEUTRAL • Polyus: buys 100% stake in Chulbatkan gold deposit from Highland Gold Mining POSITIVE • Short News (SNP, SNG, TGN)
AT: Flughafen Wien - Significant hike of FY 22 guidance (positive) AT: IMMOFINANZ - Starting share buyback programme for up to 1% of share capital (positive) AT: STRABAG - Resignation of Peter Krammer became effective as of June 12 (neutral) RO: Medlife - Medlife opens a new clinic in Targu Mures, and expands its regional presence through two acquisitions (positive) RU: Transneft, RusHydro - Government decree provides for RUB 23.3 bn in 2021 dividends from RusHydro and RUB 76 bn from T...
ATX indices review - FFF and NoS changes in IMMOFINANZ and Marinomed Biotech AT: Flughafen Wien, Austrian State Holding - Head of state holding's supervisory board to step down, Flughafen Wien CFO Ofner rumoured to take the helm (neutral) AT: voestalpine - FY 21/22 EBITDA in line with guidance, improved CF in Q4, DPS of EUR 1.20; FY 22/23 EBITDA range of EUR 1.8-2.0 bn below headline consensus which however was rather sticky throughout spring (neutral) HU: OTP Bank - Windfall tax estimat...
MSCI May Index Review - Standard indices (STD) changes: DEL: Raiffeisen Bank Intl.; SmallCap indices (SC) changes: ADD: STRABAG SE, DEL: Zumtobel Oil&Gas: Oil price - EU agreed to ban most of Russia oil imports AT: STRABAG - Double digit output growth and backlog at new high in Q1, FY 22 guidance reiterated (positive) CZ: Moneta Money Bank - PPF and Moneta terminate the acquisition of AirBank group / cancelation of the capital increase and mandatory tender offer by PPF HU: Makro - Ra...
CZ: CEZ - CEZ not to bid for RWE's storage assets in Czechia, press (neutral) PL: PKO BP - 9% wage hike offered to half of staff (neutral) RU: Polyus - New shareholder may add its representative to the board (neutral) RU: Tatneft - Proposed final DPS revealed weaker than expected payout for 2021 (negative)
AT: Erste Group - CEO Spalt will not extend his contract which ends in June 2023 (negative) CEE: Banks - UniCredit and Citi considering asset swaps with Russian financial institutions RO: Electrica - Dark cloud on the Electrica Q1 22 result, bottom line in red (negative) RO: One United Properties - Q1 22 revenues from sales of RON 197 mn, up 19% yoy, and a net profit of RON 166 mn, up 320% yoy (positive) RO: Purcari Wineries - Q1 22 net profit increased by 16.51% yoy (positive) RU: P...
EME Equity Market – April 2022 Market performance – regional benchmarks performance rather mixed in April. The MSCI EM Europe Index declined by 5.3% in EUR terms and by 9.9% in USD. The best-performing market was Turkey, whose equities gained 13.3% in EUR terms and 9.2% in local currency. Russia’s MOEX Index added 9.0% in EUR terms, but declined by 9.6% in local currency. In Greece, the ASE Index advanced by 4.9% in EUR terms, the last to end the month in the black; while Romania’s BET Index rec...
HEADLINES: • Romanian utilities: for those willing to wait (Electrica stays BUY, Transgaz stays HOLD, Transelectrica upgraded to HOLD) • Santander Bank Polska: 1Q22 results review - strong beat vs. expectations on low provisions • Bank Millennium: 1Q22 results review - results in line with expectations • Polish banks: government proposals to aid mortgagors may hit Polish banks' 2022-23E earnings NEGATIVE • Garanti: 1Q22 highlights NEUTRAL • Orange Polska: 1Q22 results - EBITDAaL up 2% yoy, in ...
AT: AMAG - Multi-year order from Ruag Aerostructures (positive) AT: IMMOFINANZ - Radka Doehring appointed as a memeber of the executive board (neutral) AT: Polytec - FY 21 results broadly in line with expectations, no guidance on FY 22 (neutral) CZ: CEZ - CEZ to extend Detmarovice hard coal-fired power plant life byond H1 2023 for security of supply reasons (neutral) PL: PGNiG - Disappointing crude output and lower gas distribution volumes to weigh on Q1 earning (negative) RU: Fertil...
AT: Andritz - Andritz suspended all new business in Russia (neutral) AT: STRABAG - Hermann Melnikov resigned from the supervoisory board (neutral) RU: Fertilisers - Export quotas till end-May increased (positive) RU: Petropavlovsk - Sale of assets is considered among other options (negative) RU: Polyus - Interim board to be formed on June 6 (neutral) RU: Russia - DR delisting and conversion law signed by President Putin (negative) RU: The Russian central bank held out the prospect ...
AT: Flughafen Wien - March traffic statistics show sequential improvements (positive) AT: S IMMO - Acquisition of 41.5 k sqm Business Park in Bucharest (neutral) HU: Magyar Telekom - AGM approves HUF 15 bn dividend (neutral) PL: Bank Millennium - Q1 22 pre-earnings call (neutral) PL: Bank Pekao - Q1 22 pre-earnings call (neutral) PL: LPP - Higher inventories maintained allowing for 4 months of sales (neutral) PL: mBank - Informing about Q1 level of FX mortgage related risk provisio...
AT: Wienerberger - Q1 trading statement reveals encouraging start into FY 22 (positive) PL: PGNiG - Gazprom missed the deadline for appealing the Stockholm tribunal decision regarding the gas price compensation to PGNiG (neutral) RU: Polyus - CEO resigned, new CEO appointed (neutral)
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.