Tag: commentary

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ANALYST VIEW - Morgan Stanley sets target price for OTP to HUF 13,500

March 19, 2019, 8:48 am
Morgan Stanley has raised its target price for Hungary’s OTP Bank. The new TP offers a 5% upside potential compared to OTP’s closing price on the Budapest Stock Exchange (BSE) on Monday. ... 

ANALYST VIEW - Should we expect fakes and faints in next MNB bout?

March 12, 2019, 2:08 pm
Over the last few years, the National Bank of Hungary (MNB) has surprised investors several times by sticking to its loose monetary policy stance, and that it was ready to loosen further even when no one... 

CEE faces major and increasing demographic pressures

March 8, 2019, 4:01 pm
It is nothing new that Central and Eastern Europe is struggling with an acute demographic problem: falling fertility rates, rising life expectancy, and outward migration are expected to result in a rapid... 

Hungarian fund managers have new top picks

March 6, 2019, 3:42 pm
The last few weeks were quite busy on stock markets around the world. Investors maintained their focus on news about the USA-China trade conflict, but sentiment improved overall, and after a decline in... 

Hungarian GDP data suggests Eurozone recession

March 5, 2019, 12:21 pm
OTP’s research centre has pointed out an interesting phenomenon regarding Hungary’s high GDP data published last week. One of the key drivers was significant inventory accumulation, as a result... 

Has Hungary's OTP reached chief Csányi's "dream profit"?

February 28, 2019, 11:41 am
In his opening address at the BSE50 conference, OTP Chairman-CEO Sándor Csányi said the annual profit of his bank could reach one billion euros in 2018. According to the latest consensus estimate of analysts... 

INSTANT VIEW - Hungary cenbank leaves door wide open for tightening

February 26, 2019, 4:57 pm
In line with the market consensus, the Monetary Council of the National Bank of Hungary has not modified either its main policy rate or the overnight deposit interest rate. Other monetary conditions and... 

Final countdown begins: Hungary c.bank to do an about-face

February 25, 2019, 12:48 pm
After it turned out two weeks ago that tax-adjusted core inflation, a key metric of the National Bank of Hungary (MNB), reached the critical level at 3.0%, the final countdown to the launch of monetary... 

A few more days and Hungary may celebrate again

February 20, 2019, 5:33 pm
After Standard & Poor’s upgraded Hungary’s sovereign credit ratings last week, Fitch Ratings’ decision will come this Friday (22 February). Analysts at ING see a strong chance of a second... 

S&P upgrades Hungary's OTP Bank, as well

February 20, 2019, 8:12 am
Following an upgrade of sovereign ratings on Hungary to ‘BBB’ on 15 February, Standard and Poor’s has raised its long-term and short-term resolution counterparty ratings (RCRs) on OTP... 

Orbán's 'family protection' scheme unlikely to stop demographic decline

February 19, 2019, 5:01 pm
The major demographic support package announced by Hungary’s Prime Minister Viktor Orbán on 10 February is unlikely to stop Hungary's demographic decline, but the measures may improve the population... 

10 things we know about Orbán's demographic scheme and 10 we don't

February 19, 2019, 4:08 pm
The most promising element of Hungarian Prime Minister Viktor Orbán’s 7-point ‘family protection action plan’ is a 10 million forint interest-free loan that young couples may take out... 

Hungary is still facing serious risks even after upgrade - S&P

February 19, 2019, 1:00 pm
Although Standard & Poor’s upgraded Hungary’s credit ratings last Friday, risks to the economy remain and these would need to be managed by additional measures, the Sovereign Credit Analyst... 

Thrilling days await Hungary's Magyar Telekom

February 19, 2019, 11:51 am
Magyar Telekom is set to release its earnings report for the fourth quarter of 2018 on Wednesday, and management will hold a presentation for investors about the company’s medium-term strategy on... 

Hungary Mol seen exceeding annual goal despite oil price plunge

February 19, 2019, 8:27 am
Hungarian oil and gas group Mol is set to release its earnings report for the fourth quarter of 2018 on 22 February. Analysts polled by Portfolio project a 20% year-on-year jump in the group’s Clean... 

ANALYST VIEW - HUF 15,000 target price for OTP lands

February 18, 2019, 9:22 am
J.P. Morgan has raised its target price for Hungary’s OTP. The new TP offers a 32% upside potential over the banking stock’s last closing price on the Budapest Stock Exchange (BSE) on Friday.... 

S&P upgrades Hungary's credit rating

February 18, 2019, 8:02 am
Standard & Poor’s Global Ratings raised its long- and short-term foreign and local currency sovereign credit ratings on Hungary to 'BBB/A-2' from 'BBB-/A-3'. The outlook is stable. This is the first... 

OTP seen profiting greatly from Hungary's monetary tightening

February 13, 2019, 4:57 pm
Hungary’s OTP Bank is the top pick for Morgan Stanley in Central and Eastern Europe, as its economist expects significant tightening of Hungarian interbank rates in the medium term. MS reiterated... 

Was Hungary able to break its own multi-decade growth record?

February 13, 2019, 3:06 pm
According to the consensus estimate of analysts polled by Portfolio, the Central Statistical Office (KSH) will report 4.5% (unadjusted) year-on-year GDP growth for the fourth quarter of 2018, up 0.4 percentage... 

Hungary cenbank could tighten monetary conditions as early as March

February 13, 2019, 10:18 am
Hungary’s January headline CPI was stable at 2.7% year on year, but this masked an underlying uptrend. The downside came mainly from non-core items, while this was offset by lower fuel and food readings.... 
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