Tag: market

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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... 

Hungary's OTP buys fourth-largest bank in Slovenia

May 3, 2019, 8:08 am
Hungary’s OTP Bank has announced on Friday that it is buying a bank in Slovenia. The new asset, however, is not the previously reported Abanka but Societe Generale’s local operation. OTP... 

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... 

Opus can also benefit from Budapest-Belgrade rail link

April 30, 2019, 12:28 pm
Over the last few days, more violent swings in the share price of Opus and Konzum were caused by reports that RMI International Zrt. - as member of a consortium with two Chinese companies - won a HUF 750... 

Hungary's OTP seen eyeing takover in Croatia again

April 29, 2019, 2:53 pm
Hungary’s OTP Bank may be interested in buying up to two more financial institutions in Croatia, local daily newspaper Jutarnji list reported on Monday. One of them is Addiko, while the other would... 

Hungary's OTP to buy three more banks and then it will stop - Csányi

April 12, 2019, 1:22 pm
OTP Bank, Hungary’s largest lender, is holding its annual general meeting today. Besides the usual matters there are two more interesting items on its agenda, one is dividend payment, and the other... 

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 Richter buys minority stake in U.S. company

March 27, 2019, 8:09 am
Gedeon Richter Plc., Hungary’s leading pharmaceutical producer, has announced on Wednesday that it underwrote convertible notes issued by Prima-Temp Inc. for a consideration of 5 million US dollars.... 

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.... 

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... 
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