Tag: commentary

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Three things may force Hungarian cenbank to turn around

May 16, 2019, 11:12 am
It would take inflation north of 4.0%, the forint to depreciate over 330 versus the euro and a steepening yield curve as more inflation premium gets built in for the National Bank of Hungary (NBH) to surrender... 

Hungary's economic growth seen sky-high in January-March

May 13, 2019, 5:32 pm
The Hungarian economy most likely fared excellently in the first quarter of 2019. The monthly production and consumption data suggest that the country’s gross domestic product expanded even more... 

Is this the U-turn, or consumer prices will keep on rising in Hungary?

May 9, 2019, 12:13 pm
Hungary’s core inflation adjusted the effects of indirect taxes decelerated to 3.4% yr/yr in April from 3.5% in March, breaking a six-month ascending trend and turning down from the highest value... 

OTP to report further growth in Q1 profits - analysts

May 9, 2019, 10:57 am
Hungary’s OTP Bank is to release its earnings report for the first quarter of 2019 early on Friday. Analysts project an increase in key earnings. OTP is expected to report further year increase... 

Hungary's Richter to report impressive profit growth for Q1

May 8, 2019, 5:01 pm
Gedeon Richter, Hungary’s leading drug maker, is set to release its earnings report for the first quarter of 2019 early on Friday. The median forecast of analysts polled by Portfolio shows a 5.5%... 

Hungary to expand further, while world economy hits the breaks

May 8, 2019, 3:39 pm
Growth in the EBRD regions is expected to slow down in 2019 and accelerate some in 2020, reflecting global economic processes, particularly the sharp slowdown in Turkey. The European Bank for Reconstruction... 

Hungary's Magyar Telekom has no problem with sales

May 7, 2019, 8:28 am
Hungary’s leading telecommunications group, Magyar Telekom, is set to publish its earnings report for the first quarter of 2019 after the closing bell on the Budapest Stock Exchange (BSE) on 8 May.... 

Orbán's dream? 'Team Csányi' has already done it!

May 6, 2019, 4:59 pm
OTP will buy one more bank and then rest some, Chairman-CEO Sándor Csányi has said recently, suggesting that the acquisition tour started in 2014, in which Hungary’s largest lender acquired ten financial... 

Hungary Mol seen past some torpid times

April 30, 2019, 4:03 pm
Hungarian energy group Mol is set to release its first-quarter 2019 earnings report on 3 May. Analysts project its Clean CCS EBITDA to show a 4% year-on-year decline, and that its operating profit and... 

ANALYST VIEW - Raiffeisen raises target price for Hungary's OTP

April 30, 2019, 9:53 am
Raiffeisen has raised its target price for Hungary’s OTP, but its recommendation remains ‘Hold’. Raiffeisen has raised its target price for OTP to HUF 13,200 from HUF 12,300 previously.... 

ANALYST VIEW - Erste raises target price for Hungary's Mol

April 23, 2019, 10:41 am
Erste has raised its target price for Hungarian fuels group Mol to HUF 3,720 per share from HUF 3,600 previously. The recommendation remains ‘Accumulate’. The new HUF 3,720 TP is somewhat... 

ANALYST VIEW - J.P. Morgan raises target price for Hungary's Richter

April 16, 2019, 8:09 am
J.P. Morgan has raised its target price for Hungary’s Richter, and its new recommendation is ‘overweight’. J.P. Morgan upgraded its rating for Richter to ‘overweight’ from... 

IMF raises 2019 GDP growth estimate for Hungary

April 9, 2019, 3:52 pm
The International Monetary Fund (IMF) has raised its 2019 economic growth estimate for Hungary compared to six months ago. The IMF has, however, slashed its current account forecast, also saying there... 

Hungarian price increase at 10-yr high - Should central bankers start to worry?

April 9, 2019, 2:36 pm
Core inflation adjusted for the effect of indirect taxes, a key metric for the National Bank of Hungary (MNB), rose to 3.5% in March 2019 from 3.2% in February. The index was last higher than this in December... 

Midcaps take over - Hungarian fund managers have new top pick

April 4, 2019, 5:16 pm
Global stock markets had a turbulent month in March, as tensions following trade talks between the USA and China, as well as concerns about global economic downturn cast a shadow over those markets. Yet... 

Hungary's central bank takes odd decision - What does it want?

March 27, 2019, 3:36 pm
In line with expectations, the Monetary Council of Hungary’s central bank (MNB) has taken a step towards tightening monetary conditions on Tuesday by raising the overnight deposit rate by 10 basis... 

INSTANT VIEW - Hungarian cenbank tightens, yet retains loose stance

March 27, 2019, 10:56 am
The National Bank of Hungary raised its overnight deposit rate to -0.05% from -0.15% at its monthly policy meeting on Tuesday. Governor György Matolcsy stressed this is a one-off measure and monetary policy... 

ANALYST VIEW - J.P. Morgan ups traget price for Hungary's OTP

March 25, 2019, 9:05 am
J.P. Morgan has raised its target price for Hungary’s OTP Bank to HUF 15,500 from HUF 15,000 previously. The new TP is 20.5% higher than the Hungarian banking stock’s closing price on Friday.... 

Economic sentiment steady in Hungary while Europe is spooked

March 25, 2019, 8:02 am
Although the economic sentiment index of Hungarian think tank GKI was rising constantly in the last quarter of 2018, it declined slightly but steadily during the first quarter of 2019. The deterioration... 

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. ... 
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