reports
- Research Team
WOOD Daily: EME Macro/Strategy Weekly; PKO PW; EAT PW; SFG RO; ALR PW;...
HEADLINES: • EME Macro/Strategy: macro all-in-one (7-13 October) • PKO BP: PLN 994m of CHF mortgage saga provisions in 3Q24E NEUTRAL • AmRest/Sphera Group: Wendy’s entering CEE NEGATIVE • Alior Bank: 3Q24E preview (due on 24 October) • MONETA Money Bank: 3Q24E preview (due on 24 October) • Santander Bank Polska: 3Q24E preview (due on 29 October) • Komercni Banka: 3Q24E preview (due on 31 October)
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
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
- 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...
- Egor Fedorov
- Maureen Schuller
CEE bank bonds/Outperforming with a good case for more
The lower supply pressure and turning interest rate cycle have helped CEE bank bonds outperform this year, particularly in the unsecured segment. The relative value metrics of CEE bank bonds remain enticing though versus European comparables, from a bank fundamental and instrument rating angle. We expect to see a further outperformance of CEE names.
- Egor Fedorov
- Maureen Schuller
CEE bank bonds/Outperforming with a good case for more
The lower supply pressure and turning interest rate cycle have helped CEE bank bonds outperform this year, particularly in the unsecured segment. The relative value metrics of CEE bank bonds remain enticing though versus European comparables, from a bank fundamental and instrument rating angle. We expect to see a further outperformance of CEE names.
- 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
- Gabor Bukta
Guidance upgraded by the new CEO
Erste’s net income came in at EUR 846 mln in Q2, up by 8% QoQ and down by 6% YoY while the figure came 9% ahead of consensus. The key contributors to better-than-expected earnings were higher other operating incomes and lower provisioning, which was partly offset by higher operating results. After H1 results, Erste gave an upgraded guidance, which contained a DPS projection of EUR 3 from 2024 profit (c. 6.7% DivY). This is reflecting better revenue trends, as NII is seen to be flat YoY vs....
EQS-News: AUSTRIAN POST H1 2024: Strong first half of 2024 supported ...
EQS-News: Österreichische Post AG / Key word(s): Half Year Results AUSTRIAN POST H1 2024: Strong first half of 2024 supported by favourable conditions 07.08.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. AUSTRIAN POST H1 2024: Strong first half of 2024 supported by favourable conditions Revenue H1 2024 Revenue up by 17.2 % to EUR 1,505.2m (+10.3 % excl. Parcel Türkiye) Favourable conditions: effects from elections and the exchange rate of the Turkish Lira Mail +3.5 % to EUR 619.0m Parcel & Logistics +28.1 % to EUR 8...
EQS-News: ÖSTERREICHISCHE POST H1 2024: Starkes erstes Halbjahr 2024 ...
EQS-News: Österreichische Post AG / Schlagwort(e): Halbjahresergebnis ÖSTERREICHISCHE POST H1 2024: Starkes erstes Halbjahr 2024 unterstützt durch positive Rahmenbedingungen 07.08.2024 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. ÖSTERREICHISCHE POST H1 2024: Starkes erstes Halbjahr 2024 unterstützt durch positive Rahmenbedingungen Umsatz H1 2024 Umsatzerlöse +17,2 % auf 1.505,2 Mio EUR (+10,3 % exklusive Paket Türkei) Positive Rahmenbedingungen: Effekte aus Wahlen und Währungssituation türkische Lira Brief & Wer...
- Gabor Bukta
RBI reported decent Q2 despite CHF provisioning
Summary: RBI’s reported PAT came in at EUR 715mn in Q2 despite CHF provisioning, 3% ahead of the consensus. The quarter was driven by a slight decrease in NII, which peaked in Q4/23, in our view, offset by the increase in NFCI on higher deposits. Russia remained outstandingly strong despite shrinking operations as it added alone EUR 379mn to the Group’s profit. RBI lifted its NII guidance by EUR 100mn to EUR 4.1bn and lowered the guidance for cost of risk to 35bps from 50bps on better mark...
- Research Team
WOOD Daily: ALR PW; EBS AV; TOASO TI; ETE GA; NLBR SV; KAP LI; WIZZ LN...
HEADLINES: • Alior Bank: posts strong 2Q24 and upgrades medium-term COR outlook POSITIVE • Alior Bank: management board nominations POSITIVE • Erste Banks: books solid 2Q24; guides for 2024E DPS at an attractive level; awaiting opening conclusions from the new CEO POSITIVE • Tofas: highly weak set of results in 2Q24 NEGATIVE • National Bank of Greece: 2Q24 highlights – positive 2H24E, with guidance upgrade • NLB Group: solid print in 2Q24, beating estimates, due to release of provisions POSITIVE...
WIZZ WIZZ AIR HOLDINGS PLC
CPS CYFROWY POLSAT SA
ALR ALIOR BANK SA
WPL WIRTUALNA POLSKA HOLDING SA
TOFAS TOFAS TURK OTOMOBIL FABRIKASI A.S.
DIGI DIGI COMMUNICATIONS NV
NBGGY NATIONAL BANK OF GREECE S.A. ADS
NLBR NLB GROUP
KAP NATIONAL ATOMIC COMPANY KAZATOMPROM
TEN TEN SQUARE GAMES
HUGE HUUUGE
7203 ELM CO
- Research Team
The Rear-View Mirror – EME markets: Greek ASE – best performer in July
EME Equity Market – July 2024 Greece the biggest winner, while Poland the clear loser in July. The MSCI EM Europe Index declined by 1.1% in EUR terms and 0.3% in USD terms in July. The Greek ASE Index posted the best performance for the month, advancing by 5.3% mom in EUR terms. There was a broadly similar performance in Hungary, Czechia and Romania (+ 2.9%, 2.7% and 2.1% mom in EUR terms, respectively). The Turkish ISE30 Index declined by 1.6% mom in EUR terms, but the clear loser was the Polis...
PEO BANK POLSKA KASA OPIEKI SA
JMT JERONIMO MARTINS SGPS S.A.
KRU KRUK S.A.
EXAE HELLENIC EXCHANGES SA
CEZ CEZ AS
KRKG KRKA D.D.
HTO HELLENIC TELECOMMUNICATIONS ORGANIZATION SA
RBI RAIFFEISEN BANK INTERNATIONAL AG
OMV OMV AG
PKO PKO BANK POLSKI S.A.
ALK ALKALOID AD SKOPJE
WIZZ WIZZ AIR HOLDINGS PLC
PZU POWSZECHNY ZAKLAD UBEZPIECZEN SPOLKA AKCYJNA
SPL SANTANDER BANK POLSKA SA
MIL BANK MILLENNIUM SA
BDX BUDIMEX S.A.
LAMDA LAMDA DEVELOPMENT S.A.
MTELEKOM MAGYAR TELEKOM TELECOMMUNICATIONS
TPS ORANGE POLSKA S.A.
MYTIL MYTILINEOS S.A.
CCC CCC SA
CCOLA COCA-COLA ICECEK A.S.
2310 SAHARA INTERNATIONAL PETROCHEMICAL COMPANY
AEGN AEGEAN AIRLINES SA
BFT BENEFIT SYSTEMS S.A. ALLOTMENT
MGROS MIGROS TICARET A.S
PGSUS.E PEGASUS HAVA TASIMACILIGI AS
APR AUTO PARTNER SA
LVC LIVECHAT SOFTWARE SA
TBCB TBC BANK JOINT STOCK CO
TPEIR PIRAEUS BANK SA
PPC PUBLIC POWER CORPORATION S.A.
OTP OTP BANK NYRT
CAR INTER CARS S.A.
ARCLK ARCELIK A.S.
THYAO TURK HAVA YOLLARI A.O.
MBR MO-BRUK S.A.
OTOEL AUTOHELLAS S.A.
VGO VIGO SYSTEM SA
WPL WIRTUALNA POLSKA HOLDING SA
SAB1L SIAULIU BANKAS
MONET MONETA MONEY BANK AS
SNP PETROM S.A.
GEB BANK OF GEORGIA
RICHT RICHTER
19XX NEPI ROCKCASTLE PLC
M MED LIFE
NLBR NLB GROUP
KAP NATIONAL ATOMIC COMPANY KAZATOMPROM
TEN TEN SQUARE GAMES
KSPI KASPI KZ
HUGE HUUUGE
4IG 4IG NYRT
PCO PEPCO GROUP NV
GPP GRUPA PRACUJ DA
ADNOCDRILL ADNOC DRILLING CO
AROBS AROBS TRANSILVANIA SOFTWARE SA
7202 ARABIAN INTERNET & COMMUNICATIONS SERVICES CO
9526 JAHEZ INTERNATIONAL CO
SHO SHOPER SA
BOROUGE BOROUGE
7203 ELM CO
NOVAL NOVAL PROPERTY
- Research Team
WOOD Daily: RBI AV; EXAE GA; SAB1L LH; AKBNK TI; BDX PW; SOLUTION AB; ...
HEADLINES: • Raiffeisen Bank International: posts solid 2Q24 POSITIVE • Athens Exchange Group: good results delivery in 2Q24 POSITIVE • Siauliu Bankas: high opex drags net profit down in 2Q24, but some positives NEUTRAL • Akbank: 2Q24 highlights – interest rate risk plays out • Budimex: earnings call takeaways – 2024E outlook reiterated NEUTRAL • Solutions by STC: 2Q24 conference call takeaways POSITIVE • Borouge/OMV: sign agreement, along with ADNOC and Borealis, with Wanhua Chemical Group for ...
RBI RAIFFEISEN BANK INTERNATIONAL AG
OMV OMV AG
BDX BUDIMEX S.A.
LVC LIVECHAT SOFTWARE SA
WPL WIRTUALNA POLSKA HOLDING SA
SAB1L SIAULIU BANKAS
BRD BRD-GROUPE SOCIETE GENERALE
ADNOCDIST ADNOC DISTRIBUTION PJSC
NLBR NLB GROUP
KAP NATIONAL ATOMIC COMPANY KAZATOMPROM
7202 ARABIAN INTERNET & COMMUNICATIONS SERVICES CO
BOROUGE BOROUGE
EQS-News: RBI: Zwischenbericht 1. Halbjahr 2024 - Stabile Ergebnisentw...
EQS-News: Raiffeisen Bank International AG / Schlagwort(e): Halbjahresergebnis RBI: Zwischenbericht 1. Halbjahr 2024 - Stabile Ergebnisentwicklung des Kerngeschäfts 30.07.2024 / 07:28 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Stabile Ergebnisentwicklung des Kerngeschäfts Konzernergebnis ohne Beiträge aus Russland und Belarus im 1. Halbjahr EUR 604 Millionen, inklusive Vorsorgen für CHF- und EUR-Kredite in Polen in Höhe von EUR 391 Millionen Kernerträge ohne Russland und Belarus im Quartalsvergleich mit EUR 1.523 Millionen...
EQS-News: RBI: Semi-Annual Financial Report 2024 - Stable performance ...
EQS-News: Raiffeisen Bank International AG / Key word(s): Half Year Results RBI: Semi-Annual Financial Report 2024 - Stable performance in the core business 30.07.2024 / 07:28 CET/CEST The issuer is solely responsible for the content of this announcement. Stable performance in the core business H1/2024 consolidated profit of EUR 604 million, excluding Russia and Belarus and including EUR 391 million provisions for CHF and EUR mortgage loans in Poland Core revenues excluding Russia and Belarus stable at EUR 1,523 million quarter-over-quarter, slight margin-driven decr...
- Research Team
WOOD Daily: PL IT; EME Macro/Strategy – HU; PEO PW; BOROUGE UH; KOMB C...
HEADLINES: • Polish IT: CVC and Filipiak family plan to announce tender for 34.81% stake in Comarch, at PLN 315.4/share POSITIVE • EME Macro/Strategy: Hungary – budget correction phase not over • Bank Pekao: lowers guidance on cost of credit holidays extension NEUTRAL • Borouge: 2Q24E results preview (due on 31 July) NEUTRAL • Komercni Banka: 2Q24E preview (due on 1 August) • Erste Bank: 2Q24E preview (due on 2 August) • CD Projekt: 2Q24E EBITDA up 57% yoy, but down 25% qoq (due on 28 August) • ...
Amrest Holdings SE: 1 director
A director at Amrest Holdings SE sold 12,000 shares at 23.752PLN 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 clea...
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.