Analiști

Nume Companie Poziție Companii acoperite Cel mai recent raport Ultima acțiune
https://www.investingromania.com/ro/analisti/railean-irina Railean Irina Banca Transilvania Analist
SNG
SNN
SNP
TEL
TGN
03/07/2018 03/07/2018
https://www.investingromania.com/ro/analisti/gratiana-ordean Gratiana Ordean Banca Transilvania CFA, Senior Financial Analyst
BRD
BVB
M
03/07/2018 03/07/2018
https://www.investingromania.com/ro/analisti/caruntu-mihai-iulian Caruntu Mihai Iulian BCR
BRD
EL
TEL
TGN
TLV
- -
https://www.investingromania.com/ro/analisti/carsten-hesse Carsten Hesse Berenberg EME Equity Strategist - 02/28/2017 04/10/2017
https://www.investingromania.com/ro/analisti/sechel-ioana-cristina Sechel Ioana Cristina BRK Financial Group Analist
BRD
SIF1
SIF2
SIF3
SIF5
TLV
04/06/2017 04/06/2017
https://www.investingromania.com/ro/analisti/le-phuong-hai-thanh Le Phuong Hai Thanh Concorde Securities Ltd. Analist
BRD
SIF1
SIF2
SIF3
SIF5
SNG
TLV
03/28/2017 04/07/2017
https://www.investingromania.com/ro/analisti/gaal-gellert Gaal Gellert Concorde Securities Ltd. Analist
TGN
02/16/2017 02/16/2017
https://www.investingromania.com/ro/analisti/tunkli-daniel Tunkli Daniel Concorde Securities Ltd. Analist
EL
11/16/2016 04/07/2017
https://www.investingromania.com/ro/analisti/pandele-marius Pandele Marius Prime Transaction Analist
BRD
EL
SIF1
SIF2
SIF3
SIF5
SNG
SNN
SNP
TEL
TGN
TLV
05/31/2017 05/31/2017
https://www.investingromania.com/ro/analisti/mandru-daniela Mandru Daniela Swiss Capital Sef Departament Analiză
BRD
BVB
EL
SNG
SNP
TLV
10/07/2016 04/10/2017
https://www.investingromania.com/ro/analisti/ivana-cosmina Ivana Cosmina Swiss Capital Analist
SNN
TEL
TGN
02/27/2017 02/27/2017
https://www.investingromania.com/ro/analisti/dumitrescu-ovidiu-george Dumitrescu Ovidiu-George Tradeville Director General Adjunct - 06/09/2017 06/09/2017
https://www.investingromania.com/ro/analisti/raffaella-tenconi Raffaella Tenconi WOOD&cO
BRD
03/01/2017 09/04/2017
https://www.investingromania.com/ro/analisti/albulescu-lucian Albulescu Lucian WOOD&Co
BRD
BVB
EL
SIF1
SIF2
SIF3
SIF5
TEL
TGN
TLV
03/16/2017 04/05/2017
https://www.investingromania.com/ro/analisti/buring-bram Buring Bram WOOD&Co
M
02/15/2017 09/04/2017
https://www.investingromania.com/ro/analisti/wieprzowski-pawel Wieprzowski Pawel WOOD&Co - 02/23/2017 04/07/2017
https://www.investingromania.com/ro/analisti/boulougouris-alex Boulougouris Alex WOOD&Co Co-Heads of Research - 11/25/2016 09/04/2017
https://www.investingromania.com/ro/analisti/lamb-jonathan Lamb Jonathan WOOD&Co
SNG
SNP
04/14/2017 09/04/2017

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România: atenție la tigrul est-european

May 03, 2016 - România are cea mai rapidă creştere a economiei europene. Acesta a fost pe scară largă menţionată ca "Tigrul est european" dea lungul aniilor 2000 datorită ratelor anuale de creştere cu 6-8%. După calculele noastre, România va fi avea cea mai rapidă creştere ,economică europeană, în următorii doi ani şi se va clasa în primele 20 de pieţele emergente. Acesta iese în evidenţă la nivel regional al europei datorită investițiilor externe şi poziţia pro-UE. Piața de capital a României prinde un avânt şi oferă cel mai înalt nivel de randamente al dividendelor din lume.

Revenge of the SIFs

SIF1 - SIF BANAT-CRIȘANA S.A.

April 27, 2016 - We initiate our coverage on SIFs, with an Overweight rating on SIF1 and SIF2, while we issue an Equal weight rating on SIF3, SIF4 and SIF5 as we do not see material upside in those funds currently. We generally hold a positive view on local banks as well as on Erste, claiming their earnings prospect should remain benign on our expectation. BT already paid an exceptional dividend this year which we do not see the bank to repeat. However, cash returns from financials should be robust as CEE macro remains resilient. This is a crucial point in the investment story as stakes in banks remain significant and reliance on their disposed income is also important. SIFs are trading at large discount to their NAV (-47.6% on average), due to couple of reasons: (1) lack of liquidity (2) 5% threshold (discussed in next paragraph) (3) initial corporate governance issues (4) unlisted assets in their portfolios. Shareholding cap puts a strain on market prices so far. The current regulation limits shareholders to own not more than 5% of each fund’s shares. This was already an improvement as the initial cap was 1%. Investors are expecting a trigger in threshold once the SIFs will be registered as alternative funds but the road is still unclear whether this would imply the lift of the cap. Lifting or full elimination of the cap could bring liquidity to the market as well as better corporate governance due to more active shareholders. SIFs usually use various alternatives to distribute income to investors including stock and cash dividends and share buybacks. Adding up all the income distributions, SIF3 and SIF4 had exceptional yields of 9.7% and 17.5%, respectively, while other funds also had rather high return to shareholders. We believe that the SIFs should benefit from the uptick in Romanian macroeconomic environment via their investments e.g. in banks or real estate. In addition, the lift of 5% threshold could also be a trigger in share prices, in which case we see an upswing for all SIFs in general.

CEE Oil & Gas. Life begins at 40

SNG - S.N.G.N. ROMGAZ S.A.

April 15, 2016 - In our view, crude oil prices appear to have bottomed out, which removes a huge amount of uncertainty for the upstream segments of these companies. Global oil stocks are still high and supply has been slow to respond to the price signals, but marginal suppliers are finally reducing their production volumes. March 2016 US total crude production was down 566,000 bpd from its peak back in June 2015, which means that there is less uncertainty.

10% dividend stock.

TGN - S.N.T.G.N. TRANSGAZ S.A.

April 11, 2016 - Valuation We update our view on Transgaz with a BUY recommendation and a target price of RON 358 per share, revealing an upside potential of 26% against current trading levels. Ex-dividend, our target price adjusts to RON 330.4 per share. We used a DCF model with a 7-year explicitly forecasted period after which a terminal free cash flow with a perpetual growth of 1% is employed. We did not price in our model any related benefits and/or investments related to Black sea gas discoveries.

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