Equity

Hungarian electricity distributor companies ELMŰ and ÉMÁSZ have selected Nasdaq-listed Telvent Technologies to provide Distribution Management System (DMS) components for an advanced network control system... 

Property group Orco is to hold a general meeting for warrantholders on 25 March. At the meeting they seek to amend the terms and conditions of Warrants 2012 and Warrants 2014. As of the date of the... 

(Adds details, charts) JPMorgan has on Monday sharply raised its target price for Hungary’s OTP Bank to HUF 8,000 from HUF 6,200 previously, while it maintained its ‘Overweight’ recommendation... 

The recovery from recession is still intact, but the indications are that the easy gains are over and the speed of the recovery is slowing in Central and Eastern Europe, Erste Bank said in its CEE equity... 

The Board of Directors of Hungarian telecoms group Magyar Telekom has decided to hold its Annual General Meeting on 7 April 2010 in Budapest at 10:00 CET. If the AGM does not have a quorum, the meeting... 

Hungary’s K&H Bank, member of the Dutch KBC Group, has reported HUF 10 billion after-tax profit for 2009, a decline of 61% year on year. It is good news, though that thanks to a marked cost reduction... 

The Royal Bank of Scotland (RBS) has sharply raised its target price for Hungary’s OTP Bank to HUF 6,800 from HUF 4,000 previously. It has maintained its ‘Buy’ recommendation on the stock.... 

(Adds details, charts) Állami Nyomda, one of the main security printers and card producers of Hungary, has reported almost entirely in-line profit figures for the fourth quarter of 2009. The two most important... 

Polish brokerage house IPOPEMA, which focuses exclusively on institutional clients, is to make its debut in Hungary this week. In time, the company would make shares quoted on the Prague Stock Exchange... 

OTP Bank Chairman-CEO Sándor Csányi told a press conference on Tuesday that they would look to acquire on markets where OTP’s share is too low but did not elaborate. During a conference call later... 

In the wake of a moderate dip on the Budapest Stock Exchange (BSE) in February, most of the fund managers participating in Portfolio.hu’s monthly poll continue to expect the BUX index to be +/-5%... 

Due to uncertainties surrounding costs of risk Hungary’s OTP Bank has chosen not to give a guidance for its 2010 after-tax profit, the bank’s management told a press conference on Tuesday.... 

(Adds details, charts) While we would not say OTP Bank’s fourth-quarter earnings report will bring the house down, the HUF 20.5 billion adjusted net income is the victory of quality over quantity.... 

The quarterly net income of Hungary’s OTP Bank adjusted for one-offs has remained over HUF 40 billion ever since the autumn of 2009 like there was no global economic and financial crisis at all.... 

OTP Bank, Hungary’s largest bank by assets, has dropped its plans to sell its Serbian unit and will instead focus on growth that would boost its market share to 5% over the medium term, an official... 

MOL has on Monday published its financial and volumetric expectations for 2010-12. It said it already sees signs of a slow recovery, after it was affected by a difficult economic environment in late 2008... 

(Adds "comment" by Magyar Telekom, Enterprise Investors) Hungarian telecoms group Magyar Telekom is in talks to take over Romania’s Siveco in a bid to further enhance its IT services, Romanian magazine... 

(Adds comment by Deutsche Bank, JPMorgan) Hungary’s Magyar Telekom has announced HUF 74 dividend per share to be paid in 2010. The company’s Board has also approved an 18-month share buyback... 

Hungarian telecoms group Magyar Telekom has announced on Friday that it intends to buy its own shares up to 10% of the share capital. MTel’s Board of Directors proposes to the General Meeting... 

There is no final decision yet whether Raiffeisen International will merge with its parent Raiffeisen Zentralbank (RZB) or not, as the management are still evaluating this “strategic option," RZB...