Tag: market

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Hungary Richter to pay HUF 100 dividend per share

March 22, 2019, 9:07 am
Gedeon Richter, Hungary’s leading pharmaceutical producer, is to hold its annual general meeting on 24 April 2019 (at 2 P.M.), according to the invitation to the AGM published on Friday. The Board... 

Hungary's OTP addresses report on Slovenian bank acquisition

March 19, 2019, 11:32 am
According to a Slovenian daily newspaper, Hungary’s largest bank by assets OTP has submitted the highest bid of EUR 300 million for the third-largest bank of the country, Abanka. OTP has partly rejected... 

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. ... 

Hungary Magyar Telekom to pay HUF 25 dividend per share

March 19, 2019, 8:22 am
The Board of Directors of Magyar Telekom, Hungary’s leading telecommunications group, proposes a dividend distribution in total HUF 26.068 billion to be approved by the Annual General Meeting of... 

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... 

Here's the latest ranking of brokerages in Hungary

March 1, 2019, 5:06 pm
The Budapest Stock Exchange (BSE) was characterised by declining turnover and sideways-moving BUX index in February, the latest BSE statistics show. Among the blue chips, Richter took a larger fall, and... 

Csányi sets the goal and OTP delivers

March 1, 2019, 8:49 am
Sándor Csányi, Chairman-CEO of OTP Bank, has set the goal of one billion euro annual profit last year. And Hungary’s largest lender delivered, even while paying a one-off bonus amounting to one month... 

Hungary OTP buys yet another bank

February 28, 2019, 8:33 am
Hungary’s OTP Bank just cannot stop buying the regional assets of Societe Generale. It has announced on Thursday that it has signed an acquisition agreement on purchasing a majority stake in the... 

Multiyear record in oil and gas production propels Hungary's Mol

February 22, 2019, 9:45 am
Hungarian oil and gas group Mol has published its earnings report for the fourth quarter of 2018 along with its full-year results on Friday. In an demanding environment, Mol’s key figures turned... 

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.... 

Waberer's signs key deal, receives EUR 2.5 million

February 15, 2019, 10:26 am
Hungarian hauler Waberer’s International Nyrt. has announced that it has signed a settlement agreement with the former owner of Link and Link Services that kept information from Waberer’s management... 

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... 

Hungary's OTP among UBS top picks

February 13, 2019, 8:53 am
Investors thinking about betting in emerging markets should look at Brazilian stocks, Mexican bonds and banks in the space, strategists and analysts told CNBC. Brazilian stocks are off to a high-flying... 

Hungarian fund managers find new top pick

February 8, 2019, 12:36 pm
The first months of 2019 was bustling for capital markets, and as stock market indices overseas rose the Budapest Stock Exchange (BSE) also kicked off the year with gains, although the BUX index was unable... 

Hungary Richter quarterly profit plummets

February 7, 2019, 8:23 am
Beating the market’s call, revenues of Hungarian drugs maker Richter rose to a new quarterly high in October-December 2018, as both domestic and U.S. sales showed double-digit growth. Whereas Richter’s... 

Reporting season to kick off in Hungary - What to expect?

February 6, 2019, 5:06 pm
The reporting season is in full swing around the world, and Hungary’s listed companies are also going to start releasing their earnings reports for October-December 2018 shortly. Richter will be... 

Hungary's OTP buys bank in Moldova

February 6, 2019, 8:16 am
Moldovan press reports were right: Hungary’s OTP Bank has announced on Wednesday that it has acquired a majority stake in the country’s fourth-largest bank, Mobiasbanca, from Societe Generale... 

Cut-throat competition for first place among Hungarian brokerages

February 1, 2019, 4:30 pm
After some turbulence at the end of 2018, stock markets in developed economies started to rise slowly at the start of 2019, and the BUX index of the Budapest Stock Exchange (BSE) fared downright great... 
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