A director at X5 Retail Group N.V. sold 20,000 shares at 21.000USD and the significance rating of the trade was 86/100. 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 cl...
AT: IMMOFINANZ - CPI Property Group raises stake in IMMOFINANZ to 76.9% during additional acceptance period (neutral) AT: Wienerberger - Moody's affirmed Ba1 rating, outlook changed to positive from stable (neutral) PL: Bank Pekao - Increasing interest rate offer for deposits with maturity (neutral) PL: mBank - Demerger of mBank's mortgage bank arm with no share issue requirement (neutral) RU: InterRAO - Shareholders approve 2021 dividends (positive) RU: OGK-2 - Board recommends 2021...
AT: OMV - OMV and ADNOC announce intention to float 10% stake in Borouge (neutral) AT: Semperit - Q1 results well ahead of RBIe and consensus (positive) CZ: CTP - Strong growth dynamics in Q1, but inflation shows effect on yield on cost (neutral) PL: Orange Polska - Competitors are pressing regulator to impose conditions of access to fiber optic network built using EU funds (negative) RU: OGK-2 - Q1 22: EBITDA marginally below expectations, FCF propped up by temporarily lower capex, no dividend ...
AT: AMAG - Multi-year order from Ruag Aerostructures (positive) AT: IMMOFINANZ - Radka Doehring appointed as a memeber of the executive board (neutral) AT: Polytec - FY 21 results broadly in line with expectations, no guidance on FY 22 (neutral) CZ: CEZ - CEZ to extend Detmarovice hard coal-fired power plant life byond H1 2023 for security of supply reasons (neutral) PL: PGNiG - Disappointing crude output and lower gas distribution volumes to weigh on Q1 earning (negative) RU: Fertil...
AT: Flughafen Wien - March traffic statistics show sequential improvements (positive) AT: S IMMO - Acquisition of 41.5 k sqm Business Park in Bucharest (neutral) HU: Magyar Telekom - AGM approves HUF 15 bn dividend (neutral) PL: Bank Millennium - Q1 22 pre-earnings call (neutral) PL: Bank Pekao - Q1 22 pre-earnings call (neutral) PL: LPP - Higher inventories maintained allowing for 4 months of sales (neutral) PL: mBank - Informing about Q1 level of FX mortgage related risk provisio...
EME Equity Market – March 2022 Market performance – regional benchmarks mostly in the black, despite the MSCI EM Europe Index losing half of its value. Following its decline in February, the MSCI EM Europe Index lost in March as well, declining by 49.5% in EUR terms and 50.1% in USD terms. Russia’s MOEX Index added 13.2% in EUR terms and 9.4% RUB terms (we note that Russian companies’ GDRs are still suspended for trading). The Turkish ISE30 Index added 8.2% in EUR terms and 13.3% in local curren...
HEADLINES: • Dom Development: homebuilders critical to alleviating shortage (stays BUY) • 11 bit studios: solid 4Q21 results, with good quality beat vs. both our and market's expectations POSITIVE • Kety: final 4Q21 EBITDA 7% above preliminary forecast POSITIVE • Asseco Poland: key takeaways from the 4Q21 earnings call NEUTRAL • Cyfrowy Polsat: key takeaways from the 4Q21 earnings call NEUTRAL • PKO BP/Alior Bank: another switch in the management board NEGATIVE • Transelectrica: proposes to dis...
MARKET COMMENT - EQUITIES FROZEN, CAPITAL CONTROLS REMAIN AMID FALLOUT OF "SPECIAL MILITARY OPERATION"EPAM Systems surged 8% and VEON 22%, while Polymetal fell 14% on Friday. The ruble fell 1.6-1.7% both in Moscow and offshore to trade around USD/RUB 104-105. While equities remain frozen, trading of ruble-denominated OFZ sovereign debt will resume today. STORIES> How the balance of payments is likely to evolve amid the crisis> Monetary policy set to be stimulatory for a couple of years> CBR Revi...
КОММЕНТАРИЙ И ПРОГНОЗ - ТОРГОВЛЯ АКЦИЯМИ ПО-ПРЕЖНЕМУ ЗАМОРОЖЕНА, ОГРАНИЧЕНИЯ НА ДВИЖЕНИЕ КАПИТАЛА СОХРАНЯЮТСЯБумаги EPAM Systems выросли в пятницу в цене на 8%, VEON - на 22%, Polymetal подешевел на 14%. Рубль в Москве и на зарубежных площадках ослаб на 1,6-1,7% до 104-105 за доллар. Торговля акциями на МосБирже по-прежнему заморожена, но сегодня должны возобновиться торги ОФЗ. НОВОСТИ> Денежно-кредитная политика станет стимулирующей> Перспективы платежного баланса в условиях кризиса> Итоги засе...
MARKET COMMENT - SOME BOND HOLDERS RECEIVE COUPONS WHILE EQUITIES STILL FROZEN, CAPITAL CONTROLS IN PLACEThe ruble gained 4.5% in Moscow Exchange trading and fell 4.9% in offshore trading to be quoted around USD/RUB 102-103, reaching the narrowest spread in weeks. Reuters reported that some bond holders had successfully received dollar coupon payments that were due on Russian sovereigns. STORIES> Russia's budget surplus reaches R156 bln in February> X5 Group's 4Q21 EBITDA 7% above our estimate
КОММЕНТАРИЙ И ПРОГНОЗ - ДЕРЖАТЕЛИ ЕВРООБЛИГАЦИЙ РФ ПОЛУЧИЛИ КУПОННЫЕ ВЫПЛАТЫ, РОССИЙСКИЕ АКЦИИ ПО-ПРЕЖНЕМУ ЗАМОРОЖЕНЫ ДЛЯ НЕРЕЗИДЕНТОВ ИЗ-ЗА ОГРАНИЧЕНИЙ НА ВЫВОЗ КАПИТАЛАРубль вчера укрепился на 4,5% на Московской бирже, но на внешнем рынке просел на 4,9% до 102-103 руб. за доллар, и разница между курсами на внешнем и внутреннем рынках стала наименьшей за последние недели. Агентство Reuters сообщило, что держатели российских суверенных еврооблигаций благополучно получили купонные платежи в долла...
X5 (FIVE LI / FIVE RX: U/R) reported its 4Q21 financials, which came in line with our expectations both on revenue and EBITDA. The 2021 EBITDA margin of 7.3% came in line with recent guidance and the company’s strategic commitment to maintain >7% EBITDA margin. The company decided not to distribute the final 2021 dividend amid the current market condition. Looking into 2022, the demand side looks secured for food retailers, and the ongoing stockpiling is likely to support X5’s and Magnit’s Lf...
AT: Oesterreichische Post - Q4 21 in line, muted outlook wording (neutral) AT: OMV - Borealis declined the binding offer of EuroChem for the acquisition of its fertilizer business (neutral) AT: OMV - OMV is considering building a waste sorting plant in Germany (neutral) CZ: Komercni Banka, Erste Group - Central bank to increase counter-cyclical capital buffer to 2.5% from April 22 (negative) HR: Hrvatski Telekom - Dividend proposal od HRK 8.00 per share (neutral) HR: Valamar Riviera ...
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...
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...
The independent financial analyst theScreener just lowered the general evaluation of FSK YEES (RU), active in the Conventional Electricity industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date March 1, 2022, the closing price was USD 0.00...
EME Equity Market – February 2022 Market performance – Russia’s equities bled in February due to the country’s invasion of Ukraine. The MSCI EME Europe Index declined by 38.7% in EUR terms and 38.8% in USD terms. Russian stocks, represented by the MOEX Index, lost the most in February, declining by 34.6% in EUR terms and 30.0% in RUB terms. The Hungarian BUX Index lost 21.8% in EUR terms and 18.2% in HUF terms; while the Polish WIG20 Index declined by 11.7% in EUR and 9.5% in PLN. In Prague, the...
MARKET COMMENT - RDX DOWN MORE THAN IN 1998, MSCI RUSSIA THE MOST SINCE 2008 AS MOSCOW TRADING REMAINS CLOSEDWhile Moscow stock trading remains closed, offshore and composite indexes dropped another 6-57%. The RDX offshore DR index has now fallen 91% since its October decade-long peak, a fall sharper than that of 1998 or 2008. The government announced plans to support the market with share purchases, while capital restrictions and supply shocks have also been in the news.STORIES> Government mull...
КОММЕНТАРИЙ И ПРОГНОЗСегодня утром котировки Брент выросли до $111/барр., и, вероятно, поднимутся еще выше, хотя МЭА объявило, что страны ОЭСР скоординированно выведут на рынок 60 млн барр. нефти из своих стратегических резервов. После объявлений ВР и Equinor, сделанных ранее на этой неделе, еще несколько крупных международных нефтяных компаний сообщили о решении продать свой бизнес в России или выразили серьезную обеспокоенность сложившейся ситуацией.НОВОСТИ> Нехватка предложения начала сказыва...
Russia’s invasion of Ukraine has led to unprecedented dislocations of capital and resources, on top of human tragedies. The sanctions imposed, by the world’s key nations, on Russia, its politicians, institutions, companies and businessmen, as well as the counter-measures introduced by the Russian government, are wide-ranging and continue to be imposed on a daily basis. The most severe sanctions are related to the freezing of the CBR’s FX reserves, as well as the freezing of non-residents’ assets...
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