HEADLINES: • Halyk Bank: efficient frontier (stays BUY) • Diagnostyka: 4Q24 prelims and DPS proposal ahead of expectations POSITIVE • Kety: 1Q25 results in line with the preliminaries, PLN 48.78 DPS proposed NEUTRAL • Kety: new strategy assumes PLN 1.35bn in EBITDA in 2029E, close to our forecast NEUTRAL • CEZ: said to be nearing sale of nuclear SPV to the State POSITIVE • Poland macro: mixed results in March • Greece macro: 2024 budget surplus triggers one-off fiscal easing this year • Kazatomp...
We have revised our estimates, raised our price target (PT) for Halyk Bank’s GDRs to USD 28.8 and maintained our BUY on the stock. Halyk remains undervalued and trades at 2.7x P/E and 0.8x P/TBV on our 2025E estimates (3.9x P/E and 1.2x P/TBV at target), with top-notch earnings power (ROTEs of 30-33% in our explicit forecast horizon) and efficiency (a 17% C/I), and ample capital (assets over equity at only 6x in 4Q24). We expect the dividend yield to remain in a range of 18-23% for 2025-27E. Bet...
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.
Two Directors at Lion Finance Group sold after exercising options/sold 14,000 shares at between 5,594p and 5,600p. The significance rating of the trade was 80/100. 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 co...
HEADLINES: • Polish banks: pricing and believing (PKO BP, Bank Pekao, Santander BP, mBank, ING BSK, Bank Millennium, Alior Bank, Bank Handlowy) • Asseco Poland: 4Q24 review – net profit up 9% yoy, 9% above the consensus POSITIVE • InPost: 4Q24 in line with expectations; FY25E EBITDA growth guidance in the mid-20%s, but a slow start to the year POSITIVE • Kety: solid full 4Q24 results, with EBITDA 12% above preliminaries POSITIVE • Halyk Bank: 4Q24 review and 2025E guidance highlights • Titan Cem...
Nebius Group Nebius to Offer NVIDIA Blackwell Ultra-Powered Instances 18-March-2025 / 21:01 CET/CEST The issuer is solely responsible for the content of this announcement. Nebius to Offer NVIDIA Blackwell Ultra-Powered Instances Nebius will be an early adopter cloud provider of the NVIDIA Blackwell Ultra platform, offering NVIDIA GB300 NVL72-powered instances Announces general availability of NVIDIA Blackwell GPU capacity at U.S. data centers beginning in Q2 Also named as ecosystem partner for new NVIDIA Dynamo Inference Engine Amsterdam, March 18, 2025 — Nebius (NASDAQ:...
Nebius Group Nebius Academy and Stevens Institute of Technology launch lab to explore how AI can advance math research and education 12-March-2025 / 14:01 CET/CEST The issuer is solely responsible for the content of this announcement. Nebius Academy and Stevens Institute of Technology launch lab to explore how AI can advance math research and education Opening March 12, the lab will explore applications for AI and related technologies to advance teaching and learning in mathematics Hoboken, N.J., March 12, 2025 – Stevens Institute of Technology is collaborating with , the le...
A director at TBC Bank Group sold 3,580 shares at 4,370p and the significance rating of the trade was 64/100. 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 show...
Nebius Group Nebius accelerates US expansion, adding up to 300 MW capacity at new data center in New Jersey 05-March-2025 / 13:01 CET/CEST The issuer is solely responsible for the content of this announcement. Nebius accelerates US expansion, adding up to 300 MW capacity at new data center in New Jersey New build-to-suit facility in New Jersey will have design capacity of up to 300 MW; Incremental capacity also being added at existing facility in Kansas City and new site in Iceland. Amsterdam, March 5, 2025 — Nebius Group N.V. (“Nebius Group” or the “Company”; NASDAQ: NBIS), a ...
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.
Nebius Group Nebius Group N.V. announces fourth quarter and full-year 2024 financial results 20-Feb-2025 / 13:01 CET/CEST The issuer is solely responsible for the content of this announcement. Exhibit 99.1 Nebius Group N.V. announces fourth quarter and full-year 2024 financial results Amsterdam, February 20, 2025 – Nebius Group N.V. (“Nebius Group”, the “Group” or the “Company”; NASDAQ: NBIS),(1) a leading AI infrastructure company, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. In Q4 2024, the Group’s re...
Following the acceleration of a potential peace deal in Ukraine, Georgian assets have been among the top performers over the past month, reflecting the market’s optimism over the possible ceasefire or deal between Russia and the United States. From 21 January until today (18 February), Bank of Georgia (BUY, PT GBP 52.3) has gained 17%, while TBC Bank (BUY, PT GBP 38.0) has surged by 32%, outperforming the broader EM banks significantly and even the Polish WIG banks. While the market appears to b...
HEADLINES: • MOL: there’s gain in the mundane (stays BUY) • Tofas: very weak set of results in 4Q24 NEGATIVE • Orange Polska: 4Q24 – EBITDAaL up 7% yoy, 6% above the consensus; 2025E guidance in line with expectations POSITIVE • ADNOC Drilling: 4Q24 results beat expectations POSITIVE • TBC Bank: 4Q24 results and conference call • Isbank: 4Q24 results and 2025E guidance highlights NEUTRAL • Medicover: takeaways from the 4Q24 earnings call • 11 bit studios: delays release of The Alters NEGATIVE • ...
TBC has announced GEL 335m in net income for 4Q24. Before the one-off write-down of its Azerbaijan business, which is now held for sale, the net income stood at GEL 344m. The net income consensus was at GEL 325m (a 3% beat in reported and a 6% beat in adjusted terms), while our forecast was at GEL 317m (a 6% beat in reported and an 8% beat in adjusted terms). The beat was related mainly to the trading income (up 64% yoy in 4Q and +37% yoy in 12M24), as well as the somewhat lower than expected CO...
Nebius Group Nebius Group N.V. announces date of fourth quarter and full year 2024 results conference call 06-Feb-2025 / 12:01 CET/CEST The issuer is solely responsible for the content of this announcement. Nebius Group N.V. announces date of fourth quarter and full year 2024 results conference call Amsterdam, February 6, 2025 – Nebius Group N.V. (NASDAQ:NBIS) will release its financial results for fourth quarter and full year 2024 on Thursday, February 20, 2025 before market open. The Company will hold a conference call to discuss those results at 8:00 a.m. Eastern Time (5...
Nebius Group Nebius AI Studio introduces one of the most cost-effective suite for text-to-image generation with leading open-source AI models 22-Jan-2025 / 13:01 CET/CEST The issuer is solely responsible for the content of this announcement. Nebius AI Studio introduces one of the most cost-effective suite for text-to-image generation with leading open-source AI models With the latest addition of Flux Schnell, Flux Dev, and SDXL models, Nebius AI Studio becomes one of the most competitive providers of text-to-image AI models in the market Nebius AI Studio’s standard capacity of...
EME Equity Market – November 2024 Rebound in Türkiye, Romania hammered. The MSCI EM Europe Index advanced 3.8% in EUR terms and 1.0% in USD terms in November. The Turkish ISE30 recouped the losses of the previous month, adding 10.4% mom in EUR terms. The Hungarian BUX added 4.3% mom in EUR terms, followed by the PX (+2.9% mom), the ASE (+0.8% mom) and the WIG (+0.8% mom) (all in EUR terms). Following the first round of presidential elections, and the polemic and uncertainty that ensued, the BET ...
Nebius Group Nebius announces oversubscribed strategic equity financing of USD 700 million to accelerate roll-out of full-stack AI infrastructure 02-Dec-2024 / 13:01 CET/CEST The issuer is solely responsible for the content of this announcement. Nebius announces oversubscribed strategic equity financing of USD 700 million to accelerate roll-out of full-stack AI infrastructure Investment comes from a select group of institutional and accredited investors, including participation from Accel, NVIDIA, and certain accounts managed by Orbis Investments Supports additional capacity ...
Nebius Group Nebius expands in US with first GPU cluster in Kansas City, offices in San Francisco, Dallas and New York 19-Nov-2024 / 13:01 CET/CEST The issuer is solely responsible for the content of this announcement. Nebius expands in US with first GPU cluster in Kansas City, offices in San Francisco, Dallas and New York AI infrastructure provider’s first GPU cluster in the US will service customer workloads from early 2025 GPU cluster in Kansas City has potential capacity to house up to about 35 thousand GPUs after expansion Nebius’s new customer hubs in San Francisco and...
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