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Hungary OTP Q1 profit beats expectations

Hungary’s OTP Bank published its first-quarter after-tax profit which came in nearly 20% above analysts’ consensus estimate, which can be attributed to smaller-than-expected provisioning. But investors’ happiness cannot be unclouded since the quality of the bank’s consolidated loan portfolio... 

AAA Auto triples net profit in the first quarter of 2012

AAA Auto has reported a significant year-on-year growth in its key results published in its first-quarter... 

Hungary Magyar Telekom CEO buys 42,000 company shares

Magyar Telekom has announced on Friday that its Chairman-CEO Christopher Mattheisen purchased 41,095... 

Hungary Egis expects domestic exposure to decrease

KBC Securities expects substantial price reductions by Hungarian drugs producer Egis as a consequence... 

Hungary OTP Q1 profit beats expectations

Hungary’s OTP Bank published its first-quarter after-tax profit which came in nearly 20% above... 

What does Hungary's Egis expect in 2012?

Hungary’s listed drugs maker Egis maintains its guidance for a 8-10% revenue decline on its domestic... 

Hungary Egis boosts Q1 net profit 42% yr/yr (3)

(Adds details, charts) The first-quarter results of Hungarian drugs maker Egis were overall better than... 

ANALYST VIEW - Hungary Magyar Telekom target price lowered by Goldman Sachs, HSBC

Goldman Sachs has on Tuesday lowered its target price for Hungary’s Magyar Telekom to HUF 556 from... 

Hungary MOL Q1 performance greatly beats expectations (2)

(Adds details, charts) Hungarian oil and gas group MOL reported much stronger figures for the first quarter... 

Hungarian mobile carriers urge gov't to withdraw harmful telecom tax

Hungary’s mobile carriers have issued a joint statement objecting to a bill submitted to Parliament... 

Hungary Egis to report drop in EBIT, rise in net profit in Q1 - Portfolio.hu Poll

Analysts polled by Portfolio.hu project that net profit of Hungarian drugs maker Egis grew by 20% year-on-year... 

Hungary MOL to report drop in first-quarter profits - Portfolio.hu Poll

Analysts project a major decline in the first-quarter profit of Hungarian fuels group MOL. They expect... 

Hungary OTP Q1 after-tax profit seen down 11% yr/yr

OTP, Hungary’s largest bank by assets, is to report a year-on-year rise in total revenues, a jump... 

Hungary MOL spuds exploration well at Akri-Bijeel Block in Kurdistan

Hungarian oil and gas group MOL has announced on Friday the spud of Bakrman-1 exploration well in the... 

Hungary Richter sees stagnating group revenues, 20% domestic sales decline in 2012

Hungary’s Richter has maintained its guidance for 2012 after releasing higher-than-expected profit... 

Hungary Magyar Telekom revenues rise for the 2nd quarter in a row in Q1

Hungarian telecommunications group Magyar Telekom has overshot revenue and EBITDA expectations, while... 

Hungary Richter reports major Q1 profit boost on milestones (2)

(Adds details, charts) The first-quarter profit of Richter, Hungary’s leading pharmaceutical producer... 

Market forecasts profit decline at Hungary's Richter, Egis in Q1 (2)

Hungarian drug producers Egis and Richter are expected to report smaller profits for the first quarter... 

ANALYST VIEW - JPMorgan ups target price, EPS estimates for Hungary's OTP

Investors remain overly focused on Hungarian macroeconomic developments when it comes to assessing OTP... 

Market sees no turnaround at Hungary's Magyar Telekom, Q1 earnings up ahead

Hungary’s Magyar Telekom is set to publish its first-quarter earnings report on 10 May. Analysts... 

Hungary's state-owned mobile carrier can yank tariffs much lower - Orbán

Hungary’s government hopes that the fourth, state-owned, mobile carrier will strengthen competition... 
Commentary

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

Morgan Stanley has confirmed its ‘Underweight’ rating on Hungary’s OTP Bank, but slashed... 

ANALYST VIEW - Erste downgrades Hungary Magyar Telekom

Erste Bank has on Thursday downgraded Hungary’s Magyar Telekom to ‘Hold’ from Accumulate... 

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

Morgan Stanley’s first target price for Hungarian pharmaceutical Egis is a hulking HUF 27,400 per... 


       
       
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Views and Interviews

ING CEO sees tough challenges ahead, clouds with silver lining in CEE banking sector (Interview)

Although the mortgage prepayment plan is slowing Hungary’s economy down, the CEE region as a whole is still offering the best growth opportunities... 

Hungary MOL target price upped by Goldman Sachs

Goldman Sachs has raised its price target from HUF 19,200 to 21,500 on Hungarian energy group MOL stocks, with a neutral recommendation. Goldman's fair... 

Secret deals behind Hungary buying Russian stake in MOL?

It was the government’s decision to buy the 21.2% stake of Russia’s Surgutneftegaz in Hungary’s MOL,but it is yet to be seen whether... 
Markets (HU)

Weight of Hungary's OTP in BUX basket grows markedly as of October

The composition of the BUX basket of the Budapest Stock Exchange (BSE) will change as of 1 October. Rába... 

Yield drops at Hungary's 3-m T-bill tender

Hungary’s Government Debt Management Agency (ÁKK) has placed a HUF 30 billion lot of 3-month discount... 
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Latest news

16:51 | Hungary to buy 8,000 properties from non-paying FX mortgage borrowers in 2012

16:10 | Government measures exhaust Hungarian unit of KBC, K&H Bank Q1 profit plummets

14:18 | AAA Auto triples net profit in the first quarter of 2012

11:04 | Hungary plans no Eurobond issue before IMF/EU credit deal - ÁKK Dep.CEO

09:19 | Opel expects production boom, headcount increase in Hungary

08:35 | No more new taxes in Hungary - state secretary

16:51 | EBRD revises GDP estimate for Hungary upward, sees mild recession in 2012

16:27 | ANALYST VIEW - Hungary seeks to avoid IMF deal or at least loosen conditions - Citi

15:59 | ANALYST VIEW - Hungary commitment to seal IMF deal remains questionable - RBS

15:23 | "Negative buzz" around Hungary over new taxes

14:41 | Hungary Parliament nods on new telecom tax, Telenor to deflect levy on clients

13:38 | Hungarians will take half of their bank deposits abroad if transaction tax remains unchanged - Patai

13:27 | Hungary Magyar Telekom CEO buys 42,000 company shares

09:27 | Hungary PM wants to suspend party subsidising from state budget in 2013-14

09:01 | Hungary real wages drop 5.2% yr/yr in March (2)

16:27 | BofA/ML convinced by Hungary's commitment to fiscal consolidation

14:21 | Hungary Fidesz popularity lead over Socialists dips to 9 percentage points

14:14 | Hungary ÁKK sells HUF 6.5 bn bonds in non-competitive tenders

14:08 | Hungary EcoMin publishes macro assumptions for 2013 budget

14:00 | IMF ready to start talks with Hungary once c.bank issues are resolved - Ivaschenko

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