HEADLINES: • WAG Payment Solutions (Eurowag): migration season starts now (stays BUY) • OMV: the company and its Partners have been awarded a second CO2 storage licence in Norway • GEK Terna: agrees to sell Terna Energy to Masdar of Abu Dhabi • Terna Energy: coverage discontinued • Short News (WPL, MTELEKOM)
HEADLINES: • WAG Payment Solutions (Eurowag): migration season starts now (stays BUY) • OMV: the company and its Partners have been awarded a second CO2 storage licence in Norway • GEK Terna: agrees to sell Terna Energy to Masdar of Abu Dhabi • Terna Energy: coverage discontinued • Short News (WPL, MTELEKOM)
Please find enclosed our daily market report. Market Comment Croatia HTP Orebic to delist from Zagreb bourse JGL mulls new bond issuance Croatia's new passenger car registrations up 15.1% YoY in Jan-May Slovenia Consumer confidence improves in June Romania Nuclearelectrica makes RON 265.8 mil term deposit with Exim Banca Romaneasca New car registrations in Romania up 14.7% YoY to 15,643 units in May 2024 Bulgaria Sopharma 5-mo sales down 2% YoY Sirma to acquire 51% of ...
The companies of Ekspress Grupp signed the agreement to establish a collective management organisation Delfi Meedia AS, a wholly-owned subsidiary of AS Ekspress Grupp, and AS Õhtuleht Kirjastus, its joint venture with a 50% ownership interest, together with AS Postimees Grupp and AS Äripäev, signed the agreement to establish the Baltic Press Publishersʼ Collective Management Organisation, a collective management organisation of news media publishers. The association will promote the interests of Estonian, Latvian and Lithuanian press publishers, and exercise their economic copyrights and re...
Ekspress Grupi ettevõtted sõlmisid lepingu kollektiivse esindamise organisatsiooni asutamiseks ASi Ekspress Grupp 100%line tütarettevõte Delfi Meedia AS ja 50%lise osalusega ühisettevõte AS Õhtuleht Kirjastus sõlmisid koos ASiga Postimees Grupp ja ASiga Äripäev asutamislepingu uudismeedia väljaandjate kollektiivse esindamise organisatsiooni Balti Uudismeedia Väljaandjate Ühing asutamiseks. Ühing hakkab edendama Eesti, Läti ja Leedu ajakirjandusväljaandjate huve ning kollektiivselt teostama neile kuuluvaid autoriõigusi ja autoriõigusega kaasnevaid õigusi. Ühing pakub uudismeedia välja...
HEADLINES: • OMV Petrom: strategy update • Richter: acquires Belgian BCI Pharma to identify WHC preclinical drug candidates • Bank Millennium: ends repair programme • Kruk: announces a portfolio purchase in Spain • PCF Group: Project Gemini plan agreed and content rider concluded • 11 bit studios: Creatures of Ava to be released on 7 August • Short News (ALR, PKO BP, MTELEKOM)
OMV Petrom held a capital markets day (CMD) on 19 June, to update its 2030E strategy and provide new targets to the market. The previous strategy update was held at the end of 2021, when the macro environment was less favourable. In this plan, therefore, the assumptions on crude oil and gas prices, and refining margins, have all been revised upwards. The 2030E target for Clean CCS EBIT has decreased slightly to EUR 1.4bn, from EUR 1.5bn, but expectations for the interim period are much higher. C...
A director at Ekspress Grupp AS sold 19,329 shares at 1.034EUR and the significance rating of the trade was 51/100. 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 clearl...
OMV held a capital markets day on 13 June, to update its 2030 strategy and give new targets to the market. The overall expectations for the clean operating cash flow has been increased from EUR 7.0 to EUR 7.5bn, for a clean operating profit target from EUR 6.0bn to EUR 6.5bn, and the details are different, but the broad thrust of the strategy remains the same. Inflationary pressures have increased the annual investment budget to EUR 3.8bn, from EUR 3.5bn. The upstream part of the energy segment ...
AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN) C: target price of £0.50 per share: High impact well offshore Morocco on track to spud in August – The FY23 financials were in line with our forecasts. The high impact Anchois East well is expected to spud in August. A drilling success could increase the size of Anchois to over 1 tcf (300 bcf net to Chariot). Our overall unrisked NAV for Anchois, including Anchois East Footwall and Anchois East North Flank, is £0.42 p...
HEADLINES: • Ford Otosan: getting ready to fire on all cylinders (upgraded to BUY) • Czech Republic macro: May inflation moderates, to hit the low point soon • Hungary macro: May inflation up, but in line with expectations • Richter: acquires Mithra assets for an EV of EUR 175m NEUTRAL • Jumbo: turnover +10%/+8% in May/5M24 POSITIVE • OMV Petrom: to invest EUR 750m in renewable fuels at Petrobrasi refinery NEUTRAL • Short News (ALR, PKO)
HEADLINES: • Erste Bank: strong capital position, strong returns (stays BUY) • NLB Group: presentation of offer to Addiko shareholders – takeaways NEUTRAL • Wirtualna Polska: concludes conditional agreement to acquire Romanian travel e-commerce business POSITIVE • ADNOC Drilling JV increases its stake in Gordon Technologies POSITIVE • Richter: Mithra declares bankruptcy, Richter talks continue NEUTRAL • OMV: starts up co-processing biofuels plant at Schwechat refinery NEUTRAL • LPP: 1Q24E result...
Due to the transfer of coverage and the recent developments, we revisited our estimatesfor DIGI. We reiterate our Buy recommendation with a 12-m ex-div TP of RON 84, implyinga 26% upside potential. DIGI trades at P/E of 15.0x and EV/EBITDA of 4.8x, based on ourestimates, implying that the stock is valued at a premium compared to its peers.DIGI aims to provide superior communication services to a large customer base at the mostaffordable prices, offering ‘Pay TV’, ‘Fixed Telephony’, ‘Mobile Telep...
Delfi Meedia, a subsidiary of AS Ekspress Grupp to acquire business operations of Eesti Koolitus- ja Konverentsikeskus On June 10, 2024, Delfi Meedia AS, 100% subsidiary of AS Ekspress Grupp, entered into the contract for the acquisition of business operations of OÜ Eesti Koolitus- ja Konverentsikeskus (EKKK). The transaction is scheduled to be completed on July 1, 2024. The acquisition aims to facilitate Delfi Meedia's expansion into Estonia’s training and conference business market. Ekspress Grupp identifies significant growth potential and opportunities for synergy with the Group’s e...
Ekspress Grupi tütarettevõte Delfi Meedia omandab Eesti Koolitus- ja Konverentsikeskuse äritegevuse 10. juunil 2024. aastal sõlmis ASi Ekspress Grupp 100%-line tütarettevõte AS Delfi Meedia lepingu, millega omandab OÜ Eesti Koolitus- ja Konverentsikeskuse (EKKK) äritegevuse. Tehing on plaanitud lõpule viia 1. juulil 2024. Ostu eesmärk on Delfi Meedia jõulisem laienemine koolitus- ja konverentsiäri turule Eestis. Ekspress Grupp näeb selles valdkonnas suurt kasvupotentsiaali ja võimalusi sünergia leidmiseks grupi teiste tegevustega. 2010. aastal asutatud Eesti Koolitus- ja Konverents...
HEADLINES: • Europe macro: European parliamentary elections – broadly as expected • Greece macro: 1Q GDP flash estimate shows improvement • Inter Cars: May sales up by a mere 2% yoy NEGATIVE • OMV: New Zealand to lift ban on oil exploration, which may benefit the company POSITIVE • OMV Petrom: to acquire PV projects with 130 MW capacity, with partner Renovatio NEUTRAL • Short News (BHW, HUG)
EME Equity Market – May 2024 Turkish equities lead, in the mostly green month of May. The MSCI EM Europe Index rose by 0.7% mom in EUR terms and 1.8% mom in LCU terms in May. The Turkish ISE30 index reported the strongest performance, adding 3.6% mom in EUR terms, followed by the Romanian BET and the Czech PX (+2.7% and 2.1% mom in EUR terms, respectively). The Hungarian BUX index and the Polish WIG20 remained broadly flat (+0.4% and +0.2% mom in EUR terms, respectively); although, in LCU terms,...
HEADLINES: • Sphera Group: out of the shadows (stays BUY) • PCF Group: 1Q24 EBITDA above our and the market's expectations, driven by self-publishing POSITIVE • Asseco Poland: 1Q24 review – net profit up 16% yoy, 10% the above consensus POSITIVE • Ten Square Games: 1Q24 adjusted EBITDA as expected NEUTRAL • Echo Investment: 1Q24 – benign margin environment continuing for Polish homebuilders NEUTRAL • GTC: 1Q24 in line, management recommends PLN 0.22 DPS NEGATIVE • PGE: 1Q24 earnings in line with...
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.