EME Equity Market – March 2025 Türkiye hammered, once again. The MSCI EM Europe Index advanced 0.5% in EUR terms and 4.5% mom in USD terms in March. The Czech PX Index was the best performer (+7.0% mom in EUR terms), followed by the Greek ASE (+4.8% mom), Polish WIG (+3.7% mom) and Hungarian BUX(+1.3% mom) indices (all in EUR terms). There was a muted performance from the Romanian BET Index (-0.1% mom in EUR terms). The Turkish ISE30 finished in the red again, declining 9.5% mom in EUR terms.
A director at OTP Bank Plc bought 4,600 shares at 25,445.000HUF and the significance rating of the trade was 54/100. 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 clear...
EQS-News: Wienerberger AG / Key word(s): Annual Results Innovating for a better future – wienerberger’s 2024 Annual Report published 31.03.2025 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. Innovating for a better future – wienerberger’s 2024 Annual Report published Vienna, March 31, 2025 – In 2024, wienerberger achieved the third-best result in its history, despite a challenging market environment, particularly in the new build sector. The company increased total revenues by 6% to €4.5 billion while maintaining a robust group-le...
EQS-News: Wienerberger AG / Schlagwort(e): Jahresergebnis Innovationen für eine bessere Zukunft – wienerberger veröffentlicht Geschäftsbericht 2024 31.03.2025 / 08:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Innovationen für eine bessere Zukunft – wienerberger veröffentlicht Geschäftsbericht 2024 Wien, 31. März 2025 – Im Jahr 2024 erzielte wienerberger, trotz eines vor allem im Neubausektor herausfordernden Marktumfelds, das drittbeste Ergebnis in der Unternehmensgeschichte. Die Umsätze des Unternehmens stiegen insgesamt um ...
We have revised our target price for OMV, after the successful merger with ADNOC regarding the combination of Borealis and Borouge. The agreed terms are highly favourable for OMV. Accordingly, we raise our 2025 year-end ex-dividend target price from EUR 42.6 to EUR 50.0, implying an upside potential of 25.0%. The merger will result in the deconsolidation of Borealis from OMV's financial statements, with its stake in the newly formed entity will be reported as an equity-accounted investment. At ...
OTP’s reported net income came to HUF 250bn in Q4, which was fully in line both with our and consensus estimate. OTP may propose a DPS of HUF 964, which broadly matches our forecast of HUF 962, while the management intends to continue the SBB program. More importantly, 2025 guidance will surprise the market to the upside, and we expect a net profit of HUF 1,167bn. As a result, we raise our Dec-25 TP by 7% to HUF 30,175, implying a 22% upside including the dividends.
HEADLINES: • OTP Bank: 4Q24 results in line with expectations; guiding cautiously for 2025E operating performance, and HUF 964 DPS in play NEUTRAL • Kalekim: strong 4Q24 IAS 29 results POSITIVE • Pepco Group: key takeaways from the Capital Markets Day NEUTRAL • Türkiye macro: CBT cuts again by 250bps • PCF Group: decides to phase out VR games publishing business NEUTRAL • Grupa Pracuj: acquires 65.5% stake in Kadromierz for PLN 20m NEUTRAL • National Bank of Greece: dismisses speculation over an...
HEADLINES: • GEK Terna: it’s a new dawn, it’s a new day, it’s a new GEK (BUY – transfer of coverage) • Alior Bank: solid 4Q24; dividend guidance implies 10% yield; market awaiting strategic update, due on 25 March POSITIVE • Coca-Cola Icecek: significant miss in the 4Q24 results NEGATIVE • Pegasus Airlines: 4Q24 – better RASK, higher CASKX, decent guidance • OMV: agrees on Borealis, Borouge and Nova Chemicals deal with ADNOC POSITIVE • Alpha Services and Holdings: Paulson entity offers 57m share...
OMV and ADNOC have reached an agreement on the terms of the Borealis / Borouge merger, and plan to acquire Nova Chemicals at the same time. The resulting entity will be called Borouge Group International (BGI). OMV will inject USD 1.6bn into BGI in order to maintain an equal shareholding of 46.94% with that of ADNOC. Following completion, management plans a secondary offering of Borouge to increase the free float, maintain its credit rating, and ensure inclusion in the MSCI indices. BGI will be ...
HEADLINES: • MedLife: and let the operational gearing begin (upgraded to BUY) • Enea: preliminary 4Q24 results broadly in line with expectations NEUTRAL • Elm: 4Q24 conference call takeaways • 4iG: 4Q24 earnings call takeaways NEUTRAL • Türkiye macro: February inflation performs better than the CBT’s projections • OMV: agrees on Borealis, Borouge and Nova chemicals deal with ADNOC POSITIVE • InPost: extension of available financing to PLN 4.2bn, from PLN 2.8bn POSITIVE • Wizz Air: February capac...
EME Equity Market – February 2025 Poland outperforms, again; Türkiye declines. The MSCI EM Europe Index advanced by 3.1% in EUR terms and 2.9% mom in USD terms in February. The Polish WIG20 was, once again, the best performer, adding 7.3% mom in February; followed by the Czech PX Index (+6.1% mom); while Greece (+3.8% mom), Hungary (+3.5% mom) and Romania (+3.0% mom) all reported rather similar performances. The Turkish ISE30 was the worst performer, declining 4.5% mom.
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