Hungary
ECO HU: GKI’s business confidence index
rose to 6.1 points in August from 4.4 and GKI’s consumer confidence index fell
to -19.7 points from -16.9.
OTP (!) 39% of the bank’s retail loan portfolio in Hungary
(HUF 1,108bn) and 15% of its corporate loan portfolio (HUF 333bn) were subject
to the moratorium at the end of June.
OTP (NEUTRAL) JP Morgan
reiterates Overweight recommendation, raises TP to HUF 23,000 (vs 20,000).
Poland
ECO PL: Fitch affirms Poland at A- with stable outlook.
ATT (!) Is facing a request by Polimery Police project
contractor to hike price tag by EUR 127mn and extend the deadline by 181 days.
ALR
(NEUTRAL) JP Morgan reiterates Neutral
recommendation, raises TP to PLN 38.5 (vs 36.7).
KGH (!) Hopes to make further impairments reversals at its
Chilean mine Sierra Gorda.
PEO
(NEUTRAL) JP Morgan reiterates
Overweight recommendation, raises TP to PLN 123 (vs 112).
PKO (NEUTRAL) JP Morgan reiterates Neutral recommendation, raises
TP to PLN 49 (vs 42.7).
PZU
(NEUTRAL) Local broker reiterates
Neutral recommendation, raises TP to PLN 40 (vs 36.5).