CEE Strategy Q1 2008
NEW!!! Raiffeisen Equity Research team strategy for Q1 2008 including macroeconomic outlook and forecasts.
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SNP (Petrom) dd 22 January 2008
NEW!!! SNP (Petrom) the OMV oil&gas operating company in Romania received a HOLD recommendation on 3rd January 2008 from Raiffeisen Centrobank Vienna Equity Research team. Target price: RON 0.5221 Price now RON 0.4030, upside potential 25%. I think it is a buy, despite the increase with 8% in the company's free float. The downside pressures on oil price due to the US recessions are overplayed in the market currently, with the oil market being strategically cornered by OPEC. Emerging markets demand is still growing at a double digit rate.
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Raiffeisen Bank International Holding (RBIH - Vienna) dd 24/6/06
NEW! Analiza Deutsche Bank analysis on Raiffeisen International Holding Vienna, a Joint Venture RZB-EBRD with all RZB holdings in CEE Network Banks, a high growth area. Despite Morgan Stanley Sell at EUR 46 on this stock in I am bullish given the growth prospects (CEE has the highest banking asset growth in Europe). Deutsche Bank has the best coverage on this stock in my opinion.
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ROMPETROL RAFINARE CONSTANTA (RRC)- May 2006
Fundamental Buy on RRC at 0.7 RON using Sum of All Parts with Oil&Gas valuation benchmarks
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SNP Petrom - sectorial comparative analysis (May 2006)
Fundamental analysis on Petrom using operational data, relevant for the case.
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ARDAF ASIGURARI (ARDF)
ARDF a takeover target by UNIQA. Read the Equity Research Report attached
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Chart SNP
technical analysis chart on Petrom
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