Tag: equity

ING has on Tuesday raised its target price for Hungary’s Richter to HUF 30,000 from HUF 28,500 per share. As the new TP remains way below the current market price, ING has maintained its ‘Sell’... 

AAA Auto has reported a significant year-on-year growth in its key results published in its first-quarter earnings report on Monday. As a result of the used car dealer’s rising revenues, the increase... 

Magyar Telekom has announced on Friday that its Chairman-CEO Christopher Mattheisen purchased 41,095 Magyar Telekom shares at a price of HUF 438 per share on 17 May 2012, with the assistance of Raiffeisen... 

KBC Securities expects substantial price reductions by Hungarian drugs producer Egis as a consequence of the so-called blind bidding process. After a meeting between Egis’s management and analysts... 

Hungary’s OTP Bank published its first-quarter after-tax profit which came in nearly 20% above analysts’ consensus estimate, which can be attributed to smaller-than-expected provisioning. But... 

Hungary’s listed drugs maker Egis maintains its guidance for a 8-10% revenue decline on its domestic market in 2012, but it has lowered its estimate for sales growth both for Russia and the Commonwealth... 

(Adds details, charts) The first-quarter results of Hungarian drugs maker Egis were overall better than what the market expected. The company’s operating and net profits overshot the respective... 

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 details, charts) Hungarian oil and gas group MOL reported much stronger figures for the first quarter of 2012 than what the market expected, which can be attributed to a pleasant surprised caused... 

Hungary’s mobile carriers have issued a joint statement objecting to a bill submitted to Parliament on Friday about a new telecom tax. They claim the levy is fundamentally different than the cabinet’s... 

Analysts polled by Portfolio.hu project that net profit of Hungarian drugs maker Egis grew by 20% year-on-year in the first quarter of 2012, while the consensus estimate for the company’s EBIT (earnings... 

Analysts project a major decline in the first-quarter profit of Hungarian fuels group MOL. They expect to see a decline in all of MOL’s key segments, but we need to note that the base period had... 

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... 

Hungarian oil and gas group MOL has announced on Friday the spud of Bakrman-1 exploration well in the Kurdistan region of Iraq. This is the third exploration well in the Block. The well is situated... 

Hungary’s Richter has maintained its guidance for 2012 after releasing higher-than-expected profit figures for the first quarter on Thursday, thanks to milestones received by Watson and Forest. ... 

Hungarian telecommunications group Magyar Telekom has overshot revenue and EBITDA expectations, while its operating and net profits in the first quarter of 2012 were below the consensus estimate in a Portfolio.hu... 

(Adds details, charts) The first-quarter profit of Richter, Hungary’s leading pharmaceutical producer, came in greatly above market consensus, the company’s Q1 earnings report showed on Thursday.... 

Hungarian drug producers Egis and Richter are expected to report smaller profits for the first quarter of 2012 than their respective Q1 2011 numbers, the consensus estimates of analysts showed in a Portfolio.hu... 

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... 

Hungary’s Magyar Telekom is set to publish its first-quarter earnings report on 10 May. Analysts polled by Portfolio.hu do not expect a turnaround in the group’s key segments. They project...