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).
HEADLINES: • 11 bit studios: risk profile increased materially (downgraded to HOLD) • Lamda Development: breaking ground (stays BUY) • Georgia macro: important elections approaching • CTP: 2024 CMD, the demand led growth continues • NEPI Rockcastle: buys Magnolia Park in Wroclaw for EUR 373m POSITIVE • PZU: has paid more than PLN 111m of claims related to floods, and serviced 70% of filed cases so far POSITIVE • Bank Pekao: incoming CEO talks to Forbes • 11 bit studios: interview with the CEO on...
A director at Munchener Ruckversicherungs-Gesellschaft AG sold 595 shares at 489.454EUR and the significance rating of the trade was 72/100. 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 ...
Swiss Re Ltd / Key word(s): Research Update Covid-19 may lead to longest period of peacetime excess mortality, says new Swiss Re report 16.09.2024 / 10:00 CET/CEST Report suggests potential excess mortality in the general population of up to 3% for the US by 2033 and 2.5% in the UK, the longest period of elevated peacetime excess mortality in the US Key driver of excess mortality is the lingering impact of COVID-19; both as a direct cause of death, and as a contributor to cardiovascular mortality Reducing the impact of COVID-19 on elderly and vulnerable populations will ...
Swiss Re Ltd / Schlagwort(e): Research Update Covid-19 könnte laut neuem Bericht von Swiss Re zur längsten Übersterblichkeitsphase in Friedenszeiten führen 16.09.2024 / 10:00 CET/CEST Bericht sieht in den USA mögliche Übersterblichkeit in der Allgemeinbevölkerung von bis zu 3% und in Grossbritannien von 2,5% bis 2033, das wäre die längste Phase mit erhöhter Übersterblichkeit in Friedenszeiten in den USA Hauptursache der Übersterblichkeit sind die anhaltenden Auswirkungen von COVID-19 – als direkte Todesursache wie auch als Faktor für die Herz-Kreislauf-Sterblichkeit Dami...
Swiss Re Ltd / Key word(s): Market Report/Miscellaneous Swiss Re sees increasing demand for reinsurance in volatile environment 09.09.2024 / 07:00 CET/CEST Growing demand for protection in property and specialty lines driven by elevated natural catastrophe risks, macroeconomic instability and politically charged environment Refined data and modelling, as well as optimised capital management important topics in the current environment In casualty, elevated litigation environment in the US a growing concern for the industry Monte Carlo, 9 September 2024 – As the insurance...
Swiss Re Ltd / Schlagwort(e): Marktbericht/Sonstiges Swiss Re sieht steigende Nachfrage nach Rückversicherung in volatilem Umfeld 09.09.2024 / 07:00 CET/CEST Wachsende Nachfrage nach Absicherung in Sach- und Spezialsparten aufgrund erhöhter Naturkatastrophenrisiken, makroökonomischer Instabilität und politisch aufgeladenem Umfeld Verfeinerte Daten und Modellierung sowie optimiertes Kapitalmanagement sind im aktuellen Umfeld wichtige Themen In der Haftpflichtversicherung ist der Trend zu höheren Schadenersatzurteilen in den USA ein wachsendes Problem für die Branche Mont...
Swiss Re Ltd / Key word(s): Research Update Litigation costs drive US liability claims by 57% over past decade, reveals Swiss Re Institute 07.09.2024 / 14:00 CET/CEST Social inflation exceeds economic inflation in driving growth of US liability claims, peaking at 7% in 2023 for first time in two decades Social inflation emerging as main driver behind rising US liability claims, leading to underwriting losses, heightened uncertainty and reduced insurance capacity for businesses across the world Signs of social inflation impacting the UK, Australia and Canada due to expan...
Swiss Re Ltd / Schlagwort(e): Research Update Prozesskosten führten laut Swiss Re Institute zu Anstieg der US-Haftpflichtschäden um 57% in den vergangenen zehn Jahren 07.09.2024 / 14:00 CET/CEST Soziale Inflation trägt stärker als wirtschaftliche Inflation zum Anstieg der US-Haftpflichtschäden bei und stieg 2023 erstmals seit zwei Jahrzehnten auf 7% Soziale Inflation erweist sich als Hauptursache für Anstieg der US-Haftpflichtschäden; das führt weltweit zu versicherungstechnischen Verlusten, erhöhter Unsicherheit und verringerter Versicherungskapazität für Unternehmen ...
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...
HEADLINES: • Bank of Cyprus: room for further rerating (stays BUY) • Bank Handlowy: writes down remaining goodwill on retail banking fully in 2Q24 NEUTRAL • Text: 1Q24-25 (calendar 2Q24) results – EBITDA down 2% yoy, but 5% above the consensus POSITIVE • Sphera Group: strong 2Q24 results, as expected NEUTRAL • MedLife: 2Q24 confirms operational earnings recovery, net profits still weak NEUTRAL • HELLENiQ Energy: 2Q24 results – weak net income, due to one-off costs NEUTRAL • Mo-BRUK: earnings cal...
>Q2 2024 net profit ahead of expectations - Swiss Re reported Q2 2024 results on 22 August ahead of expectations. Group net profit attributable to common shareholders came to $ 996m in Q2 2024 and compares to the $ 925m consensus and our $ 919m estimate. Underlying technical profitability was strong throughout the group. Very low nat cat claims were used to buffer up reserves in P/C reinsurance and Corporate Solutions. SST ratio was indicated to stand comfortably abov...
HEADLINES: • DIGI Communications: heavyweight European telco champion (upgraded to BUY) • PZU: posts PLN 1.19bn of net profit in 2Q24; results affected by higher combined ratio in P&C NEUTRAL • Motor Oil Hellas: 2Q24 results POSITIVE • CD Projekt: 2Q24 EBITDA 4-7% above expectations; Polaris to enter production phase “very soon” NEUTRAL • Mo-BRUK: 2Q24 EBITDA 8% above our forecast, but in line with the consensus NEUTRAL • Dom Development: 2Q24 – in line, at first glance NEUTRAL • CA Immo: 2Q24 i...
A director at Swiss Re AG sold 765 shares at 115.652CHF and the significance rating of the trade was 57/100. 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 clearly showi...
HEADLINES: • Baltic Classifieds Group: niche diamond (HOLD - initiation of coverage) • Al Arabia Outdoor Advertising: weak 2Q24 financial results NEGATIVE • Jahez: mixed 1H24 financial results NEGATIVE • TBC Bank: 2Q24 results and conference call NEUTRAL • EME Macro/Strategy: macro all-in-one (5-11 August) • Orlen: 2Q24E EBITDA estimates published NEUTRAL • Mo-BRUK: still challenging 2Q24E expected, with weaker yoy EBITDA, but up slightly qoq already (due on 29 August) • PZU: 2Q24E preview (due ...
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.