Tag: analyst

Goldman Sachs has on Tuesday lowered its target price for Hungary’s Magyar Telekom to HUF 556 from HUF 612 previously. GS has a ‘Neutral’ rating on the telecom stock. HSBC has also... 

(Adds comment by Citi, Nomura on page3) According to the flash estimate the Hungarian economy contracted by 0.7% year on year in Q1 2012, below market consensus (-0.4%), while the working-day-adjusted... 

Hungary’s consumer price index picked up to 5.7% yr/yr in April from 5.5% in March, beating the market’s call (5.5%). The upside surprise has been partly driven by fuel prices but core price... 

OTP, Hungary’s largest bank by assets, is to report a year-on-year rise in total revenues, a jump in operating expenses and massive one-off items in its first-quarter earnings report to be published... 

Goldman Sachs expects Hungary’s forint to remain under pressure throughout 2012 as the cabinet is looking at tough talks with the International Monetary Fund (IMF) on a financial assistance programme... 

The Hungarian government has on Wednesday approved the tax measures which were included in the Convergence Programme (or the Széll Kálmán Plan 2.0 - published on 23 April). In 2010 the government introduced... 

Investors remain overly focused on Hungarian macroeconomic developments when it comes to assessing OTP Bank, while half of the country’s largest lender will be delivered by its foreign units next... 

The new taxes Hungary announced in the Széll Kálmán Plan 2.0 will have no direct impact on the banking and telecom sectors, but the financial transaction tax - which will be levied on all cash and interbank... 

The European Commission announced on Wednesday that Hungary has taken “sufficient action and commitments" to start negotiations on “precautionary balance of payment assistance." Markets cheered... 

The European Commission should decide on the next steps on Hungary’s infringement issues on Wednesday and may signal progress towards the start of official loan negotiations. In fact, Citi analyst... 

Hungary's government on Monday unveiled the Széll Kálmán Plan 2.0, an updated version of the structural reform plan presented about a year ago. The government confirmed it would withdraw sectoral ‘crisis... 

(Adds comment by Erste, CIB on page2) The Hungarian cabinet has unveiled its new fiscal package - Széll Kálmán Plan 2.0, which aims to bring the budget deficit to 2.5% of GDP in 2012 and to 2.2% in 2013.... 

The Hungarian government plans to replace the expiring telecom tax with a new one, a levy on phone calls and Internet usage. The tax will likely have a negative impact on Magyar Telekom therefore Erste... 

Deutsche Bank has maintained its ‘Hold’ recommendation for Hungary’s Magyar Telekom, but it has trimmed its target price for the telco stock by 1% to HUF 510. DB has also reiterated its... 

Jefferies has lowered its target price for Hungarian fuels group MOL to HUF 17,000 from HUF 19,000 previously, while it has maintained its ‘Hold’ recommendation for the stock. The action... 

Due to the lack of confidence Hungary needs to sign an agreement with the IMF on a financial assistance programme, analysts at Raiffeisen Bank told a press conference on Tuesday. Zoltán Török, chief analyst... 

Barclays has on Monday raised its target price for Hungary’s OTP Bank to HUF 3,700 from HFU 3,618 previously, maintaining its ‘Underweight’ rating on the stock. Analysts at Barclays have... 

In view of OTP’s 2011 results, Deutsche Bank has kept is ‘Neutral’ view on the Hungarian banking stock, while in view of the lower-than-expected profit numbers it has trimmed its price... 

The European Central Bank (ECB) released its assessment on the Hungarian government's Central Bank Act amendment proposals on Thursday. Citi says this does not demonstrate any meaningful progress towards... 

(Adds comment by CIB, Citi, UniCredit) Hungary’s inflation eased in March to 5.5% year on year from 5.9% in February, in line with the consensus estimate of analysts in a Portfolio.hu poll. 2012.04.11...