(CZ)
*** PX Index:
1 049.8 / -0.46% - vol. USD 13.7mn ***
POLITICS: Babis of ANO will present his 14
proposed ministers today to President Zeman. Nine of them will be non-partisan
candidates, Babis said; / FYI /
(HU)
*** BUX Index:
39 424.3 / -0.72% - vol. USD 35.4mn ***
MTEL: Goldman raised TP to HUF 574 from HUF
567 kept stock at NEUTRAL/NEUTRAL;
(PL)
*** WIG20 Index:
2 497.2 / +0.72% - vol. USD 131.9mn ***
PKP: Cargo posted a PLN 32.4mn net profit
in 3Q17, below expectations for PLN 35.3mn. The miss to the consensus on the
bottom line came as financial costs surged by 66.3% y/y to PLN 14.6mn. The
company also recorded a relatively high effective tax rate of 26%; Revenues of
PLN 1 192.9mn (+9.4% y/y) in-line with expectations of PLN 1 194.0mn;
EBIT of PLN 57.1mn slightly ahead of PLN 54.5mn expected; / SLGHT POSITIVE /
KGH: Copper prices are “really very high,”,
CEO of KGHM said. Meetings with customers in Shanghai during Asia Copper Week
“are not so optimistic as they had been in London,” he added. China’s going to
continue its huge investment in infrastructure, key driver for copper;
worldwide, supply basically stable and demand still growing, he says; / SLGHT
NEGATIVE /
ALR: Alior Bank plans no further issues of
subordinate bonds shortly after recent issues. Thanks to the issues carried out
Alior Bank has already satisfied its needs in terms of Tier 2 capital within
the strategy horizon and plans no further subordinate bond issues
shortly," CEO said; / NEUTRAL; Please note, on Monday Alior announced
it shorted the subscription period for PLN 150mn worth of bonds issue. In
October Alior run a subordinate bond issue worth PLN 600mn in total. Earlier,
in August, Alior issued PLN 250mn in ordinary bonds; /
ACP: Asseco expects increased revenue and
profit in 2017, CEO said, as a result higher dividend expected, CEO added. The
company is currently working on a three-year strategy and mulls publishing its
main points, the CEO said; / SLGHT POSITIVE /
IPO: Enterprise Investors work on WSE debut
of turnkey home builder is at advanced stage, Polish press speculates. EI is
considering various “strategic options” for Danwood, such companies, which grow
by 20%-30% annually, generate cash and pay dividends are “ideal candidates” for
WSE; / FYI; Please note, Danwood’s rev. will rise by c. 25% in 2017 to c.
PLN 850mn; /
(RO)
*** BET Index: 7
737.6 / -0.58% - vol. USD 2.8mn ***
RATING: Moody’s estimated 6.5% economic growth
for Romania in 2017 and 5% in 2018;
Tomas Sykora, Patria Finance