Commentary

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ANALYST VIEW - Morgan Stanley keeps UW rating, cuts target price for Hungary's OTP

August 25, 2011, 12:39 pm
Morgan Stanley has confirmed its ‘Underweight’ rating on Hungary’s OTP Bank, but slashed its target price to HUF 4,500 from HUF 5,900 previously. In Morgan Stanely’s view, funding... 

Hungary forint seen firmer in 12 months - Portfolio.hu Fund Manager Survey

January 6, 2011, 2:02 pm
The short-term outlook of fund managers polled every month by Portfolio.hu has not improve in merit on the forint since our latest poll in early December 2010. They expect to see the Hungarian currency... 

ANALYST VIEW - Erste downgrades Hungary Magyar Telekom

September 9, 2010, 4:44 pm
Erste Bank has on Thursday downgraded Hungary’s Magyar Telekom to ‘Hold’ from Accumulate, while reducing the target price to HUF 720 from HUF 770, after taking its lower estimates into... 

ANALYST VIEW - Hungarian drugmaker Egis trading well below true value, Richter overpriced (Morgan Stanley) (2)

June 18, 2010, 11:05 am
Morgan Stanley’s first target price for Hungarian pharmaceutical Egis is a hulking HUF 27,400 per share. The analysts have evaluated Richter stocks at HUF 37,375. Morgan Stanley has begun tracking... 

Hungary's PannErgy remains one of Erste's top picks

May 5, 2010, 4:55 pm
While sentiment has been fairly good so far, the news from Greece sent markets nose-diving shortly. Also, markets were already reaching somewhat lofty levels and a reason for profit-taking should have... 

Analysts on "promising" discovery of Hungary's MOL in Iraq

March 10, 2010, 10:05 am
Hungarian oil and gas group MOL has made a “promising" discovery in the Akri-Bijeel oil block in the Kurdistan region of northern Iraq. Results are under evaluation and drilling is taking place to... 

ANALYST VIEW - Hungary's inflation may lift HUF - BNP Paribas

February 19, 2010, 5:00 pm
Hungary’s forint may strengthen against Poland’s zloty as rising inflation in Hungary damps expectations of interest rate cuts, BNP Paribas said on Friday. The HUF is likely to gain to 67... 

ANALYST VIEW - Erste cuts target price for Hungary's Danubius, keeps rating

February 17, 2010, 4:00 pm
Erste Bank has on Wednesday lowered its target price for Hungary’s Danubius to HUF 3,400 from HUF 3,650, while it has maintained its ‘Hold’ recommendation. “With the weak financial... 

ANALYST VIEW - Raiffeisen ups target price for Hungary's MOL, keeps rating

February 11, 2010, 5:08 pm
Raiffeisen has raised its target price for Hungarian fuels group MOL to HUF 18,355 from HUF 18,191 previously, while it maintained its ‘Hold’ recommendation unchanged. Raiffeisen has not... 

Hungary’s PannErgy ranks high among Erste’s Top Picks

February 3, 2010, 12:22 pm
Geothermal developer PannErgy is the only Hungarian company that made it to Erste Bank’s Top Picks, with HUF 1,228 target price, an upside of over 60%. While Erste’s economists still believe... 

INSTANT VIEW - Hungary's c.bank cuts base rate to historic low (5)

January 26, 2010, 10:00 am
(Adds comment by Capital Economics, Goldman Sachs, Wood & Co. on page 4) Hungary’s central bank (NBH) has cut its key policy rate by 25 basis points to 6.00% on Monday, in line with the market’s... 

ANALYST VIEW - Hungary's forint set to take off, firm to 245 vs. EUR by June - BofA-ML

January 22, 2010, 1:34 pm
Hungary’s forint may gain as much as 10% versus the euro in the first half of 2010 as Hungarian and Polish assets reach a “sweet spot," said Benoit Anne, head of currency and debt strategy... 

ANALYST VIEW - BofA-ML raises target price for Hungary's OTP Bank, rating remains

January 21, 2010, 10:52 am
Bank of America-Merrill Lynch has raised its target price for Hungary’s OTP to HUF 6,950 from HUF 6,190. The rating on the stock was left unchanged at ‘Neutral’. BofA-ML last upgraded... 

ANALYST VIEW - Goldman Sachs sees no dramatic forint easing in 2010

January 14, 2010, 2:45 pm
Goldman Sachs has revised its forecast on the Hungarian forint, expecting it to be weaker in three months than it forecasted previously. For the longer term, however, it expects a slightly stronger HUF... 

PwC Alert - Hungary to change local business tax obligations from 1 January 2010

December 14, 2009, 4:37 pm
In the business years from 2010, tasks related to local business tax in Hungary will fall within the competence of the state Tax Authority (APEH), and taxpayers will have to submit local business tax returns... 

ANALYST VIEW - Goldman Sachs hikes target price for Hungary’s MOL

December 2, 2009, 9:27 am
Goldman Sachs has on Wednesday raised its target price for Hungary’s MOL to HUF 18,500 from HUF 17,400. Goldman Sachs raised its target price sharply for MOL to HUF 17,400 from HUF 14,300 on 25... 

ANALYST VIEW - Raiffeisen Bank downgrades Hungarian oil company MOL

November 27, 2009, 12:18 pm
Raiffeisen Bank has raised the target price on Hungary’s MOL from 15,300 to 18,191 while changing its recommendation from “Buy" to “Hold". “Waiting for a more visible mid-term... 

ANALYST VIEW - Citi upgrades Hungary's OTP to 'Buy' (2)

November 23, 2009, 8:40 am
(Adds details) Citigroup has upgraded Hungary’s OTP bank with a single swoop to ‘Buy’ from ‘Sell’ and sharply raised its target price to HUF 7,870 from HUF 4,224. Citi... 

PwC Alert - What will happen to the special tax advance in Hungary in 2010?

November 20, 2009, 3:32 pm
Under Act LXXVII of 2009 on amendments to certain acts on the system of contributions to public revenues, the special tax payable by business entities will be abolished in Hungary from 1 January 2010.... 

ANALYST VIEW - BofA/Merrill Lynch raise target price for Hungary's OTP, keep rating (2)

November 20, 2009, 9:15 am
(Adds details) Bank of America/Merrill Lynch have raised their target price for Hungary’s OTP to HFU 6,190 from HFU 5,900 previously, but maintained their ‘Neutral’ rating on the stock.... 
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