Tag: market

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How will the sale of T-Systems change Hungary's Magyar Telekom?

July 9, 2019, 5:07 pm
In view of the how T-Systems fared over the last few years, the sale of its subsidiary to 4iG could reduce its sales revenue by nearly one sixth, whereas its profit is not seen changing meaningfully. ... 

How large will Hungary's new IT giant be?

July 9, 2019, 3:40 pm
By taking over T-Systems, Hungary’s 4iG is becoming a big shot on the country’s IT market. Annual turnover of the new company is likely to be close to 150 billion forints in the short term.... 

Hungary 4iG is buying T-Systems

July 9, 2019, 12:22 pm
Rumours proved to be truet, 4iG is buying one of the Hungarian IT market’s largest player, T-Systems that is a market leader in several segments. Magyar Telekom’s subsidiary is immense compared... 

Hungarian fund managers have new top pick

July 5, 2019, 10:20 am
Leaving its all-time high behind, the general index of the Budapest Stock Exchange (BSE) dropped sharply in May. Although it made several attempts to make up for the loss in June, these pursuits fizzled... 

BlackRock voting right in Hungary's Richter under 5.0%

July 4, 2019, 5:35 pm
Gedeon Richter, Hungary’s leading drugs producer, has announced on Thursday that the voting rights of BlackRock relating to Richter shares dropped to under 5%. Richter announced on Thursday that... 

Updated rankings of Hungarian brokerages show change on top

July 2, 2019, 9:38 am
Turnover declined by a double-digit figure month on month on the Budapest Stock Exchange (BSE) in June. More than half of the combined turnover was generated by OTP. Other than blue chips, only 4iG managed... 

Budapest Stock Exchange introduces itself in Shanghai

June 18, 2019, 4:53 pm
The first Hungary Investor Day was held last week in Shanghai, under a co-operation between the capital markets of Hungary and China. Richárd Végh, the Chief Executive Officer of the Budapest Stock Exchange... 

OTP chief Csányi exercises stock option

June 18, 2019, 11:16 am
Sándor Csányi, Chairman-CEO of Hungary’s OTP Bank has excercised a stock option under the bank’s preferential share purchase programme on Monday, OTP announced on Tuesday. Csányi exercised... 

Morgan Stanley indicator flips, investors should brace for market turmoil

June 4, 2019, 9:26 am
Investors should brace for market turmoil over the next 12 months. That’s the warning from Morgan Stanley’s cross-assets team. In a note dated on Sunday, the bank advised market participants... 

Here's the latest ranking of Hungarian brokerages

June 3, 2019, 2:03 pm
There was a correction on stock exchange around the world in May, and the Budapest Stock Exchange (BSE) was no exception, and the share price of all four blue chips there fell. Turnover picked up, at least... 

Trading in MKB shares expected to start in mid-June

May 30, 2019, 10:01 am
Hungary’s MKB Bank has published the documentation for its stock exchange listing on the website of the Budapest Stock Exchange (BSE) on Thursday. The 132-page document reveals that MKB’s... 

Hungary MKB shares listed on the Budapest Stock Exchange

May 30, 2019, 8:30 am
The General Meeting of Hungary’s MKB Bank decided in mid-January that the bank’s shares will be floated on the Budapest Stock Exchange (BSE), and the bourse announced the listing as of 30 May... 

Good news for Richter, share price jumps

May 28, 2019, 2:29 pm
Gedeon Richter, Hungary’s leading drugs maker, and U.S.-based Allergan plc have announced on Tuesday that the U.S. Food and Drug Administration (FDA) has approved a supplemental New Drug Application... 

Hungarian fund managers divided over Mol

May 13, 2019, 3:37 pm
Benchmark stock indices rose on both sides of the Atlantic Ocean. The general index of the Budapest Stock Exchange (BSE) reached a new all-time high amidst the buoyant sentiment, although its momentum... 

Hungary Richter profit leaps in the first quarter of 2019

May 10, 2019, 10:00 am
Gedeon Richter, Hungary’s leading drugs producer, beat the consensus estimates of analysts polled by Portfolio both in terms of revenues and gross profit in the first quarter of 2019. As for the... 

Bulgarian, Ukrainian operations drive OTP earnings higher

May 10, 2019, 9:47 am
Hungary’s OTP Bank boosted its profit considerably in the first quarter of 2019 compared to Q1 2018. Now the bank’s books already include the numbers of the recently acquired Bulgarian Expressbank... 

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%... 

Ranking of Hungarian brokerages shows cut-throat competition

May 3, 2019, 5:28 pm
Hungarian stocks had a swell April; the BUX index and OTP rose to new all-time highs and Richter had a nice run too. Turnover, however, declined on the Budapest Stock Exchange (BSE) compared to March and... 

What should we know about OTP's newest acquisition

May 3, 2019, 11:50 am
In line with previously announced plans, Hungary’s OTP Bank made an acquisition in Slovenia. It has bought SKB, another Societe Generale’s operation, as the French bank has been divesting its... 

Record production, new wells unable to remedy Mol’s biggest headache

May 3, 2019, 9:30 am
Hungarian oil and gas group Mol has released its earnings report for the first quarter of 2019 on Friday. In an adverse external environment Mol reported slightly worse-than-expected key profits that showed... 
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