Tag: equity

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Mol voted most transparent firm on Budapest Stock Exchange

January 18, 2019, 1:56 pm
Stepping forward two places oil company Mol has become the most transparent Hungarian company listed on the Budapest Stock Exchange (BSE), taking over OTP and Magyar Telekom, according to the latest annual... 

Hungary's OTP Banks mulls entering Slovenia - Csányi

January 16, 2019, 1:53 pm
OTP has acquired the Bulgarian interest of Societe Generale at 1.0-1.5x book value. Rationalisation (i.e. the closure of branches) is about to begin there, with the goal of making OTP the first on the... 

Hungary OTP closes Bulgarian acquisiton

January 16, 2019, 9:25 am
Hungary’s OTP Bank has announced on Wednesday that the financial closure of its Bulgarian acquisition has been completed. As a result of that, OTP acquired the 7th largest bank of the Bulgarian market... 

Hungary Mol G-CEO exercises call option

January 15, 2019, 11:04 am
József Molnár, Group CEO of Hungarian energy company Mol, has announced he has exercised a cash-settled call option related to Mol ordinary shares under the framework of the long-term management stock... 

Euro in Hungary, Paks II cancelled - Portfolio's list of potential black swans

January 14, 2019, 5:16 pm
Numerous economists have published their estimates and projections for 2019 at the end of 2018 and early this year, and some of the prognoses were quite shocking. We at Portfolio have also given thought... 

Here are the favourite stocks of Hungarian fund managers

January 4, 2019, 9:01 am
The last month of 2018 brought extraordinary days to capital markets. Markets overseas closed December considerably lower due to concerns about the prospects of economic growth and uncertainties caused... 

Hungary's top brokerages: Concorde reclaims throne

January 3, 2019, 8:19 am
In line with the seasonal trends, turnover on the Budapest Stock Exchange (BSE) decreased in December 2018 compared to November, but the change was not major compared to the same month of 2017, the latest... 

ANALYST VIEW - Hungary Magyar Telekom offers interesting optionality

December 17, 2018, 4:20 pm
Citi has raised its target price for Magyar Telekom, saying that the Hungarian telecom group offers and attractive yield with interesting optionality, especially as the local telecom market is about to... 

Hungary Magyar Telekom to sack about 400 employees

December 14, 2018, 12:23 pm
Magyar Telekom, Hungary’s leading telecommunications group, has reached an agreement with the trade unions on a headcount reduction and wage increases at the group in 2019. Staff to be cut, salaries... 

Bank of China notes introduced to trading on Budapest bourse

December 12, 2018, 8:22 am
Bonds issued by the Hong Kong Branch of the Bank of China Limited will be introduced into exchange trading on the Budapest Stock Exchange (BSE) as of 12 December 2019, the bourse announced. According... 

Hungarian fund managers name favourite stocks

December 10, 2018, 12:43 pm
Global stock markets have had a busy month in November, but despite trade war concerns and downside risks one of the main surprises was delivered by the Budapest Stock Exchange (BSE), as BUX entered December... 

Hungary Mol amends employee share ownership program

December 6, 2018, 8:55 am
The Board of Directors of Hungarian oil and gas group Mol has decided to amend the funding process of Mol Employee Share Ownership Program Organization (Mol ESOP Organization) in order to comply with the... 

ANALYST VIEW - HSBC cuts target price for Hungary's Magyar Telekom

December 6, 2018, 8:50 am
HSBC has lowered its target price for Hungary’s Magyar Telekom to HUF 535 per share from HUF 570 previously, while it maintained its ‘Buy’ recommendation for the telecom stock. The new... 

OTP's Bulgarian acquisition is on track

December 5, 2018, 1:33 pm
After Bulgaria’s central bank gave the go-ahead to Hungary’s OTP buying a bank from Societe Generale in the country, the local financial supervision has also green-lighted the acquisition.... 

Hungary Magyar Telekom has frequency usage rights extended

December 4, 2018, 5:24 pm
Magyar Telekom, Hungary’s leading telecommunications group, has announced that it has extended its frequency usage rights for 11 billion forints. Based on the resolution of the National Media... 

Hungary OTP buys own shares for over HUF 1 billion

November 30, 2018, 9:25 am
Hungary’s OTP Bank bought another 100,000 own shares on the Budapest Stock Exchange (BSE) on Thursday, which corresponded to 16% of all transactions with OTP shares. The shares were purchased... 

ANALYST VIEW - Jefferies ups targert price for Hungary's Richter

November 30, 2018, 8:57 am
Jefferies has raised its target price for Richter, Hungary’s leading pharmaceutical producer. Jefferies has raised its target price for Richter to HUF 5,520 per share from HUF 5,470 previously.... 

Hungarians continue to be fond of shares

November 27, 2018, 4:20 pm
The stock of equity held by Hungarian household has increased close to a record level, which is not attributed to rising share prices, but to households buying more equity. The stock of equity funds broke... 

Hungary Mol settles option agreement, signs new deal with ING

November 27, 2018, 8:50 am
ING Bank has obtained over 33.7 million shares of Hungarian fuels group Mol via a share option agreement, and the two companies have entered into a new purchase agreement under which ING will receive more... 

ANALYST VIEW - Morgan Stanley ups target price for Hungary's OTP

November 27, 2018, 8:22 am
Morgan Stanley has raised its target price for Hungary’s OTP to HUF 13,800 from HUF 13,200 previously. The new TP offers a 20.4% upside potential over the banking paper’s closing price on the... 
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