WOOD Daily: ADNOCDIS UH; MOL HB; 4IG HB; H2O RO; TBCG LN; SOLUTION AB

HEADLINES: • ADNOC Distribution: in the slow lane (downgraded to HOLD) • MOL: 4Q25 results – underlying numbers better than reported NEUTRAL • 4iG: enters agreement with e& PPF Telecom Group on share swap POSITIVE • Hidroelectrica: signs contract for new photovoltaic park with 8.9 MWp capacity NEUTRAL • TBC Bank: 4Q25 financial results review • Solutions by STC: 4Q25 conference call takeaways

WOOD Daily: DOC AV; ACP PW; CZG CP; AKCNS TI; TKNSA TI; EME Macro/Stra...

HEADLINES: • DO & CO: new kitchens, same discipline (stays BUY) • Asseco Poland: Adam Góral resigns from incentive scheme POSITIVE • Colt CZ Group SE: gets add-on order from Danmark POSITIVE • Akcansa: 4Q25 conference call takeaways • Teknosa: 4Q25E earnings preview (due on 24 February) • EME Macro/Strategy: macro all-in-one (6-12 February) • Solutions by STC: weak 4Q25 financial results, with a miss on the 2025 revenue guidance NEGATIVE • Short News (4IG)

WOOD Daily: OPAP GA; WPL PW; BDX PW; PKN PW; INPST NA; ENA PW; TPE PW;...

HEADLINES: • OPAP: only 6.7% of shares elect for cash exit; free float to remain above all-important 20% level POSITIVE • Wirtualna Polska: TUI renews cooperation with Wakacje.pl POSITIVE • Budimex: signs PLN 481m contract with GAZ-SYSTEM NEUTRAL • Orlen: 4Q25E results preview (due on 19 February) NEUTRAL • InPost: 4Q25E preview – flattish adjusted EBITDA expected (due on 18 March) NEUTRAL • Enea: 4Q25E preview – 11% EBITDA drop on weaker Generation and Mining (prelims due on 23 March; full due ...

Eurobank S.A: 1 director

A director at Eurobank S.A bought/sold 11,078 shares at 4.074EUR and the significance rating of the trade was 52/100. 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...

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 02/10/2026

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 10/02/2026

WOOD Daily: BFT PW; ING PW; MBK PW; CAR PW; VGO PW; GEKTERNA GA; DIGI ...

HEADLINES: • Benefit Systems: grow baby, grow! (BUY - transfer of coverage) • ING BSK: 4Q25 results beat; solid DPS guidance; recent share price rally might have consumed part of the upside • mBank: solid 4Q25; rather cautious on the 2026E revenue outlook NEUTRAL • Inter Cars: January sales increase by 4.0% yoy NEGATIVE • VIGO Photonics: 4Q25E results preview – solid yoy adjusted EBITDA improvement expected (due on 16 March) • GEK Terna: seals c.EUR 1bn of Romanian railway projects – positive, b...

mBank : Q4 and 2026 guidance broadly in line, no changes in the core b...

WOOD Daily: EAT PW; SFG RO; INPST NA; MIL PW; PGE PW; APR PW; DVL PW; ...

HEADLINES: • AmRest/Sphera Group: no beauty and no beast (AmRest stays BUY, Sphera downgraded to HOLD) • InPost: EUR 15.6 offer from FedEx, Advent, A&R and PPF consortium POSITIVE • Bank Millennium: solid 4Q25 delivery, beat due to tax differences NEUTRAL • PGE: URE initiates proceedings over FWRC settlements NEUTRAL • Auto Partner: January sales growth drops to 3.4% yoy NEGATIVE • Develia: 4Q25E preview – 30% EBITDA drop, following margin normalisation (due on 3 April) • 4iG: 4Q25E preview – 4%...

WOOD Flash – BRD-GSG: dividend payout of 50% proposed, and notes from ...

BRD-GSG is proposing a 50% dividend payout ratio from its 2025 net profit, below the 60% we assumed back in 2025 and implying a c.18% lower DPS for 2025 than we expected (RON 1.11 vs. RON 1.36). At the current price levels, this implies a 3.8% dividend yield. This proposal is subject to approval at the GSM, to be held on 29 April.

Bank Brunch/Société Générale earnings, Canadian covereds

Société Générale earnings get a boost from a profitability uplift. Friday's focus: Canadian covered bonds – good on issuer ratings and the strengthening of Canada's covered bond regime

Bank Brunch/Société Générale earnings, Canadian covereds

Société Générale earnings get a boost from a profitability uplift. Friday's focus: Canadian covered bonds – good on issuer ratings and the strengthening of Canada's covered bond regime

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 02/06/2026

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 02/06/2026

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 06/02/2026

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 06/02/2026

Komercni Banka : Q4 broadly in line, Upper end of FY 26 guidance sugge...

WOOD Daily: KOMB CP; TPE PW; ENA PW; WPL PW; CZ Macro; MTELEKOM HB; BR...

HEADLINES: • Komercni Banka: neutral 2025 results and DPS; 2026E dividend payout ratio trimmed and no major upside surprise in the 2026E guidance NEUTRAL • Tauron / Enea: URE initiates proceedings over FWRC settlements NEUTRAL • Wirtualna Polska: 4Q25E preview – a weak quarter, with a 10% yoy pro-forma adjusted EBITDA drop expected (due on 24 March) • Czech Republic macro: CNB on hold • Magyar Telekom: 4Q25E preview – 12% yoy EBITDA growth expected (due on 25 February) • BRD-GSG: 4Q25 net profit...

ODDO : Long majors vs short LCC : le choix de 2026

Sur 2026, nous estimons que la dynamique sera plus favorable aux majors européennes tant sur le RASK (croissance plus modérée des capacités et meilleure orientation du réseau long-courrier en particulier transatlantique), que sur le CASK hors carburant aidé par des effets de base positifs. Nous relevons notre opinion à Surperformance sur Air France-KLM et Lufthansa et dégradons Ryanair en Neutre et Wizz Air en Sous-performance.

ODDO : Long legacy carriers vs short LCC: the choice for 2026

For 2026, we think that the trend will be more favourable to the European legacy carriers in terms of both RASK (more modest growth in capacity and a more positive trend on the long-haul network, particularly transatlantic) and CASK excluding fuel, aided by positive base effects. We have upgraded Air France-KLM and Lufthansa to Outperform, downgraded Ryanair to Neutral and Wizz Air to Underperform. A more favourable trend expected in 2026 for legacy carriers