AT: Utilities - Austrian government announces electricity price caps for households (negative) Oil&Gas - Oil price: G7 is getting serious about a price ceiling on Russian oil RO:Banca Transilvania - Banca Transilvania takes a loan of EUR 25 mn from the EBRD to support lending to businesses (neutral)
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...
AT: Lenzing - Minimum dividend as of FY 23 raised to EUR 4.50 (positive) RO: Digi Communications - A joint venture between Digi and Citymesh won spectrum to operate in Belgium for EUR 114 mn (positive) RO: Medlife - Medlife consolidates its position in the West part of the country (positive) RO: OMV Petrom - The Supervisory Board approved the proposed special dividend and share capital increase (neutral) RU: Gazprom - Additional MET payments of RUB 416 bn could reduce 2022e DPS by RUB ...
AT: IMMOFINANZ - CPI offer deadline to end on May 30, instead of May 28 (neutral) AT: Telekom Austria - Acquisition of Bulgarian ICT market leader (positive) AT: Verbund - Verbund announced special dividend of EUR 1.15 on top of 22e payout (neutral) HU - Introduction of windfall profit taxes esp. hitting the financial and energy sector (negative) PL: CCC - Q1 22/23 conference call stressed an increasing interest in lower priced products (neutral) RU: Gazprom - BoD recommends record high dividend...
MSCI May Index Review - Standard indices (STD) changes: DEL: Raiffeisen Bank Intl.; SmallCap indices (SC) changes: ADD: STRABAG SE, DEL: Zumtobel AT: AGRANA - Final FY 21/22 results match preliminary figures, FY 22/23e guidance confirmed (neutral) AT: AT&S - AT&S proposed dividend of EUR 0.90/share for 2021/22e (neutral) AT: Oesterreichische Post - Final Q1 22 numbers in line with prliminary figures, outlook reiterated (neutral) AT: Palfinger - Takeover of remaining 35% stake in French...
AT: Addiko Bank - Q1 22 profit slightly ahead of market expectations, CET 1 deterioration (neutral) AT: Wienerberger - Share buyback programme extended (positive) PL: mBank - Q1 22 net profit >30% ahead of consensus and RBI on robust set of results (positive) PL: PGNiG - The Board proposed not to distribute any dividends for 2021 (neutral) RO: Banca Transilvania, BRD-GSG - National Bank of Romania raises key interest rate by 75 bps to 375 bps (positive) RU: Gazprom - Ukraine halts t...
AT: EVN - Cutoff of Russian gas delivieries only minor on Bulgarian electricity generation, potential regional price effect though (neutral) AT: IMMOFINANZ - FY 22 guidance withdrawn due to bond repurchase (negative) AT: Telekom Austria - Robust trends trigger earnings beat, guidance confirmed (positive) AT: Warimpex - FY 21 significantly ahead of expectations (positive) PL: Alior Bank - Q1 22 net profit missed expectations on one-offs and weaker NII / pessimistic costs outlook in 2022...
AT: Andritz - Andritz received paper machine upgrade order from the Netherlands (neutral) PL: Banks - PFR head sees 5.5%-6% new rte equilibrium (neutral) RU: Gazprom - EC sees gas payments in RUB may be possible (positive) RU: Petropavlovsk - Weaker qoq Q1 22 trading update likely mispriced by the market (negative) SI: NLB/Addiko - Change of the political climate in Slovenia after yesterday's parliamentary elections (negative)
GE: Baader Bank - Annual profit 2021 in line with preliminaries, 2022 outlook significantly below RBIe (negative) Oil&Gas: OPEC+ meeting - OPEC+ stick to its strategy of a gradual increase of supply despite the biggest-ever oil release of the US strategic reserves PL: CCC - CCC faces opposition from banks against sale of a stake in Modivo to Modivo's CEO (neutral) PL: CCC - Modivo started marketplace testing, launch likely delayed until July (neutral) PL: mBank - mBank plans to forgo d...
AT: Kapsch TraffiCom - Arbitration court decides in favour of Kapsch TrafficCom regarding German toll claim (positive) DE: Encavis - Encavis Asset Management bought 11 MWp wind park for EIF II fund (neutral) RO: Electrica - Distribution tariffs for electricity will increase starting April 1 (positive) RU: ALROSA - Tiffany refused to buy diamonds with a Russian origin (negative) RU: Petropavlovsk - Gold sales complicated on UK sanctions against Gazprombank (negative) RU: Russian gold ...
РЫНОК ВНЕШНЕГО ДОЛГА СТРАН СНГВ понедельник рынок еврооблигаций оставался неликвидным.ГОСУДАРСТВЕННЫЕ ЦЕННЫЕ БУМАГИВчера возобновились биржевые торги ОФЗ после приостановки, объявленной 25 февраля. По итогам аукциона открытия доходности выпусков с фиксированным купоном составили от 15,5% в длинных выпусках до 18% в наиболее коротких. Активные покупки со стороны индивидуальных инвесторов (физлиц) в течение дня привели к снижению доходности до 13,5% в долгосрочном сегменте кривой и до 15,5% - в кр...
The general evaluation of GAZPROM OAO (RU), a company active in the Integrated Oil & Gas industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date March 11, 2022, the closing price was RUB 228.00 and ...
Equity market frozen starting February 28 amid unprecedented sanctions NWF to allocate up to RUB 1 tn for purchases of Russian companies shares Brokers are not allowed to execute selling orders from foreign clients Companies may continue pay dividends, but their transfer to unfriendly foreigners is blocked No direct CBR ban on depositary receipts conversion, but not possible in current environment Non-residents from unfriendly countries banned on transferring currencies to accounts abroad Equity...
MARKET COMMENT - MOSCOW TRADING REMAINS HALTED WHILE EYES REMAIN ON UKRAINERussian stocks continued to see only slight trading through Russia's long weekend. That will not change today, with the CBR having decided yesterday not to allow Moscow equity trading, continuing the halt since February 25 for a sixth business day.STORIES> How the crisis is evolving> US and UK seeking to embargo Russian oil and gas imports> Gazprom's export flows remain very strong> Rostelecom posts neutral 4Q21 IFRS resu...
РЫНОК ВНЕШНЕГО ДОЛГА СТРАН СНГРынок российских суверенных еврооблигаций остается неликвидным.ГОСУДАРСТВЕННЫЕ ЦЕННЫЕ БУМАГИВ прошлую пятницу торги ОФЗ на МосБирже все еще не проводились. На локальном внебиржевом рынке заявки на покупку выставлялись по цене около 14-15% от номинала, заявки на продажу - около 20%. Между тем Банк России опубликовал разъяснения к последнему указу президента об обслуживании долга. Указ предусматривает, что локальные держатели облигаций и нерезиденты из "дружественных"...
CIS EUROBOND MARKETThe Russian sovereign Eurobond market remains illiquid. Fitch downgrade Russia's long-term FX Issuer Default Rating (IDR) to C from B, while JPMorgan Chase announced it will pull Russian sovereign and corporate bonds from all of its fixed-income indexes. GOVERNMENT DEBTLast Friday, OFZ trading remained suspended on the Moscow Exchange. In the local OTC market, bids were around 14-15%, while offers were near 20%.STORIES> How the crisis is evolving> US and UK seeking to embargo ...
КОММЕНТАРИЙ И ПРОГНОЗСША и Великобритания вводят эмбарго на импорт нефти и газа из России, экспортные доходы Газпрома растут, Ростелеком, HeadHunter, Магнит и М. Видео представили отчетность.НОВОСТИ> Как развивается кризис> США и Великобритания вводят эмбарго на импорт нефти и газа из России> Экспортные доходы Газпрома растут> Ростелеком представил нейтральные результаты за 4К21 по МСФО> Вопрос о погашении облигаций Яндекса и Ozon> HeadHunter: результаты за 4К21 несколько ниже прогнозов, выкуп а...
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 ...
AT: EVN - Q1 21/22 EBITDA in line, net better than expected, EUR 200-240 mn net income guidance confirmed (neutral) AT: IMMOFINANZ - CPI reaches 53.3% stake in IMMOFINANZ (neutral) AT: Rosenbauer - Company intends to increase stake in its American subsidiary (positive) AT: Wienerberger - Divestment of French plastic piping business planned (positive) HR: Ericsson Nikola Tesla - Good performance in Q4 21 at all levels (positive) HR: Hrvatski Telekom - EBITDA margin set to further impr...
The 4Q21 earnings season is about to kick off starting with Rosneft on Friday, followed by Novatek (February 16) and Gazprom Neft (February 17) next week. Lukoil, Tatneft and Gazprom will report 4Q21 financials in March-April. We expect sector EBITDA to rise again, particularly in the gas segment amid record high European gas prices. Dividend distributions should rise across the sector as well. Based on our estimates for 4Q21, most of the companies should see their full-year financials bounce ba...
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