The lower supply pressure and turning interest rate cycle have helped CEE bank bonds outperform this year, particularly in the unsecured segment. The relative value metrics of CEE bank bonds remain enticing though versus European comparables, from a bank fundamental and instrument rating angle. We expect to see a further outperformance of CEE names.
A director at OTP Bank Plc bought 5,500 shares at 18,080.000HUF 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 clear...
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: Dino Polska: 5-13% EBITDA miss in 2Q24, first yoy EBITDA drop since IPO NEGATIVE Bank of Georgia: 2Q24 highlights NEUTRAL Kazatomprom: 2Q24 results and 2025E production guidance POSITIVE Brisa: bottom line hit by financing costs, taxes; FY24 demand outlook remains challenging NEUTRAL Warsaw Stock Exchange: 2Q24 results NEGATIVE Budimex: 2Q24 results fully in line with the prelims NEUTRAL Benefit Systems: earnings call takeaways – supportive 2025E profitability outlook for Poland NEUTR...
OTP reported better-than-expected profit for Q2/24 today morning. Consolidated PAT totalled HUF 268bn (+2% vs. consensus and +1% vs. Concorde). H1/24 EPS came in at HUF 1,839, with a ROE of 23.6%. Total revenues reached HUF 654bn, +30bn vs. the consensus, which was attributable to non-interest income, in particular the fair value adjustment of subsidized housing loans and baby loans at OTP Core. However, higherthan-expected provisioning offset the favorable top line trend. In line with super...
HEADLINES: • OTP Bank: 2Q24 results broadly in line, FY24E guidance unchanged, new taxes in Hungary to bite a little NEUTRAL • Bank of Cyprus: 2Q24 highlights POSITIVE • Bucharest Stock Exchange: good volumes drive solid bottom-line delivery in 2Q24 NEUTRAL • MOL: 2Q24 results NEUTRAL • Magyar Telekom: key takeaways from the 2Q24 earnings call NEUTRAL • CEZ: takeaways from the 2Q24 earnings call POSITIVE • Inter Cars: July sales growth jumps to 18% yoy, after disappointing May-June POSITIVE • DI...
Magyar Telekom has doubled its net profit in Q2 2024 compared to the same period one year earlier. Given the second consecutive strong result, mgmt. elevated the expectations for FY 2024, guiding HUF 150bn for adjusted net profit and HUF 140bn free cashflow now. Group revenues increased by 15.6% YoY and 7.3% QoQ in Q2/24, thanks to the unbeatable impact of the inflation-based fee adjustments and stronger revenues from SI/IT segment. Mobile revenues were up by 15.9% YoY, mainly driven by ...
Erste’s net income came in at EUR 846 mln in Q2, up by 8% QoQ and down by 6% YoY while the figure came 9% ahead of consensus. The key contributors to better-than-expected earnings were higher other operating incomes and lower provisioning, which was partly offset by higher operating results. After H1 results, Erste gave an upgraded guidance, which contained a DPS projection of EUR 3 from 2024 profit (c. 6.7% DivY). This is reflecting better revenue trends, as NII is seen to be flat YoY vs....
HEADLINES: • Trade Estates: Greek retail parks – a dividend growth story (HOLD - initiation of coverage) • Wizz Air: thrust issues (stays BUY) • Bank Pekao: posts bottom line slightly below expectations, NPL ratio down to below 5%, solid 19%+ ROE intact NEUTRAL • CCC: 12% EBITDA beat in 2Q24, on opex control POSITIVE • Logo Yazilim: 2Q24 results – strong margin recovery, FY24E guidance reiterated POSITIVE • CEZ: 2Q earnings beat, EBITDA guidance up 2-3%, but net guidance unchanged NEUTRAL • CTP:...
HEADLINES: • Alior Bank: posts strong 2Q24 and upgrades medium-term COR outlook POSITIVE • Alior Bank: management board nominations POSITIVE • Erste Banks: books solid 2Q24; guides for 2024E DPS at an attractive level; awaiting opening conclusions from the new CEO POSITIVE • Tofas: highly weak set of results in 2Q24 NEGATIVE • National Bank of Greece: 2Q24 highlights – positive 2H24E, with guidance upgrade • NLB Group: solid print in 2Q24, beating estimates, due to release of provisions POSITIVE...
EME Equity Market – July 2024 Greece the biggest winner, while Poland the clear loser in July. The MSCI EM Europe Index declined by 1.1% in EUR terms and 0.3% in USD terms in July. The Greek ASE Index posted the best performance for the month, advancing by 5.3% mom in EUR terms. There was a broadly similar performance in Hungary, Czechia and Romania (+ 2.9%, 2.7% and 2.1% mom in EUR terms, respectively). The Turkish ISE30 Index declined by 1.6% mom in EUR terms, but the clear loser was the Polis...
HEADLINES: • Metlen Energy & Metals: the art of continued growth (BUY - reinitiation of coverage) • Kaspi.kz: 2Q24 highlights – in line with guidance in 1H24 • Solutions by STC: mixed 2Q24 financial results NEGATIVE • Magyar Telekom: 2Q24E preview – 25% yoy growth in EBITDA expected (due on 7 August) • Cyfrowy Polsat: 2Q24E preview – 3% yoy increase in adjusted EBITDA expected (due on 21 August) • Short News (PPC)
HEADLINES: • CEZ: State selects Korea’s KHNP for new nuclear NEUTRAL • Sipchem: 2Q24E results preview (due on 25 July) NEUTRAL • OMV: 2Q24E results preview (due on 31 July) NEUTRAL • Bank Pekao: 2Q24E preview (due on 8 August) • OTP Bank: 2Q24E preview (due on 9 August) • Ten Square Games: 2Q24E adjusted EBITDA down 14% qoq, but up 8% yoy (due on 26 August) • Huuuge Games: 2Q24E adjusted EBITDA down 12% qoq, on lower bookings (due on 5 September) • Short News (PPC)
HEADLINES: • Polish IT: CVC and Filipiak family plan to announce tender for 34.81% stake in Comarch, at PLN 315.4/share POSITIVE • EME Macro/Strategy: Hungary – budget correction phase not over • Bank Pekao: lowers guidance on cost of credit holidays extension NEUTRAL • Borouge: 2Q24E results preview (due on 31 July) NEUTRAL • Komercni Banka: 2Q24E preview (due on 1 August) • Erste Bank: 2Q24E preview (due on 2 August) • CD Projekt: 2Q24E EBITDA up 57% yoy, but down 25% qoq (due on 28 August) • ...
EQS-News: AGRANA Beteiligungs-Aktiengesellschaft / Key word(s): Quarter Results/Quarterly / Interim Statement AGRANA: Challenging market environment weighs on results in financial first quarter 11.07.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. AGRANA: Challenging market environment weighs on results in financial first quarter Financial first quarter of 2024|25 at a glance Revenue: € 944.3 million (Q1 prior year: € 966.1 million) EBIT: € 32.3 million (Q1 prior year: € 63.5 million) EBIT margin: 3.4% (Q1 prior year: 6...
EQS-News: AGRANA Beteiligungs-Aktiengesellschaft / Schlagwort(e): Quartalsergebnis/Quartals-/Zwischenmitteilung AGRANA: Herausforderndes Marktumfeld drückt auf Ergebnis des ersten Geschäftsquartals 11.07.2024 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. AGRANA: Herausforderndes Marktumfeld drückt auf Ergebnis des ersten Geschäftsquartals Kennzahlen erstes Geschäftsquartal 2024|25 im Überblick Umsatz: 944,3 Mio. € (1. Quartal 2023|24: 966,1 Mio. €) EBIT: 32,3 Mio. € (1. Quartal 2023|24: 63,5 Mio. €) EBIT-Marge: 3,4 %...
HEADLINES: • OTP Bank: Hungarian government working on extra industry charges to aid budget deficit NEGATIVE • OMV: 2Q24 trading statement NEUTRAL • NLB Group: Alta Pay withdraws request to acquire qualifying holding in Addiko Bank POSITIVE • EME Macro/Strategy: macro all-in-one (1-7 July) • Santander Bank Polska: 2Q24E preview (due on 24 July) • Alior Bank: 2Q24E preview (due on 2 August) • ING BSK: 2Q24E preview (due on 7 August)
EQS-News: AGRANA Beteiligungs-Aktiengesellschaft / Schlagwort(e): Hauptversammlung/Dividende Hauptversammlung der AGRANA Beteiligungs-AG 2024 05.07.2024 / 17:01 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Hauptversammlung der AGRANA Beteiligungs-AG 2024 Die 37. ordentliche Hauptversammlung der AGRANA Beteiligungs-AG beschloss heute die Auszahlung einer Dividende für das Geschäftsjahr 2023|24 in Höhe von 0,90 € je Aktie. Dies entspricht dem Wert des Vorjahres. AGRANA bekennt sich damit weiterhin zu einer berechenbaren, zuverlässig...
EQS-News: AGRANA Beteiligungs-Aktiengesellschaft / Key word(s): AGM/EGM/Dividend 2024 Annual General Meeting of AGRANA Beteiligungs-AG 05.07.2024 / 17:01 CET/CEST The issuer is solely responsible for the content of this announcement. 2024 Annual General Meeting of AGRANA Beteiligungs-AG The 37th ordinary Annual General Meeting of AGRANA Beteiligungs-AG today voted to pay out a dividend of € 0.90 per share for the 2023|24 financial year. This is equivalent to that of the prior year. AGRANA therefore remains committed to a predictable, reliable and transparent dividend po...
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.