Mytilineos Holdings S.A.

Mytilineos Holdings is an industrial group engaged in the sectors of Metallurgy, EPC, Energy, and Defence. Co. and its subsidiaries are engaged in three main operating business segments: Metallurgy, Constructions and Energy. Co. and its subsidiaries monitor its performance on Metallurgy and Mining Sector through the subsidiaries Aluminium S.A. (Alumina-Aluminium) and Sometra S.A. (Zinc-Lead). Co., through its subsidiary, METKA S.A., is an EPC Constructor in Greece.
  • TickerMYTIL
  • ISINGRS393503008
  • SectorGeneral Industrials
  • CountryGreece

Analysts

1 director sold

A director at Mytilineos Holdings sold 16,427 shares at 10.262EUR and the significance rating of the trade was 63/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of ...

Research Team

The Rear-View Mirror – EME markets: Another strong month for ASE index, up 7.4% mom

EME Equity Market – May 2019 Market performance – ASE index the best performer, up 7.4% mom in May. In May, the MSCI EME improved by 0.9% mom. The ASE index rose by 7.4% in May, following a mom rise of 7.2% in April; while Moscow’s index gained 4.1%; and Bucharest’s BET index was up 0.6% mom. On the other hand, the worst performer was Turkey’s ISE30, down 4.8% mom; while the WIG20 index saw mom losses of 4.1%; the BUX index fell 3.8% in May; and Prague’s PX index dropped 2.3% mom.

Research Team

Focus: transferring coverage of OPAP with a BUY and a new EUR 12.2 PT; keeping our BUY on Mytilineos, with lower EUR 12.5 PT; Polish retail sector – retail tax saga – season 2; National Bank – feedback from investor day

HEADLINES: • OPAP: the odds are good (BUY - transfer of coverage) • Mytilineos: plant(ing) the seed (stays BUY) • Polish retail sector: retail tax saga - season 2 • National Bank: feedback from investor day • Rostelecom: recommends RUB 2.5 DPS from 2018 NI NEUTRAL • Petrol Group: 1Q19 review - strong quarter, 13% EBITDA beat POSITIVE • JSW: 1Q19 financial results - above consensus on better cost performance POSITIVE • 11 bit studios: 1Q19 results in line with our expectations, below the market consensus NEUTRAL • Energa: 1Q19 preliminary results - 12% EBITDA miss, due to weak sales resul...

Research Team

Focus: transferring coverage of Electrica (BUY), Transelectrica (HOLD) and Transgaz (HOLD); Yapi Kredi’s 1Q19 highlights; Erste Bank posts 6% beat vs. net profit estimates in 1Q19, due to LLPs releases; Komercni Banka posts solid 1Q19

HEADLINES: • Romanian utilities: entering murky waters (Electrica stays BUY, Transelectrica & Transgaz stay HOLD – transfer of coverage) • Yapi Kredi: 1Q19 highlights POSITIVE • Erste Bank: posts 6% beat vs. net profit estimates in 1Q19, due purely to LLPs releases • Komercni Banka: posts solid 1Q19 NEUTRAL • Coca-Cola Icecek: 1Q19 review - weak numbers, with 5% beat on EBITDA; Pakistan issues continue NEUTRAL • BRD-GSG: weaker pre-provision profitability, but write-backs support bottom line • OMV: 1Q19 results, in line • OMV Petrom: 1Q19 results, no surprises • MOL: 1Q19 results • Myti...

Research Team

The Rear-View Mirror – EME markets: Greek equities stand out in April

EME Equity Market – April 2019 Market performance – Greece up 7.2% mom in EUR terms in April 2019. The MSCI EME gained 2.4% in April, and was outperformed by the Greek ASE index, which rose 7.2%. The second-best performing market in EME was Romania, with the BET index up 5.3% mom, followed by the Russian MOEX (+4.1% mom), the Polish WIG20 (+1.4% mom) and the Hungarian BUX (+1.3% mom). The Czech PX index was flat mom; while the Turkish ISE30 dropped by 4.5% mom, but this was related to the depreciation of the TRY against the EUR, as the index was up 1.2% mom in TRY terms.

Research Team

The Rear-View Mirror – EME markets: Another strong month for ASE index, up 7.4% mom

EME Equity Market – May 2019 Market performance – ASE index the best performer, up 7.4% mom in May. In May, the MSCI EME improved by 0.9% mom. The ASE index rose by 7.4% in May, following a mom rise of 7.2% in April; while Moscow’s index gained 4.1%; and Bucharest’s BET index was up 0.6% mom. On the other hand, the worst performer was Turkey’s ISE30, down 4.8% mom; while the WIG20 index saw mom losses of 4.1%; the BUX index fell 3.8% in May; and Prague’s PX index dropped 2.3% mom.

Research Team

The Rear-View Mirror – EME markets: Greek equities stand out in April

EME Equity Market – April 2019 Market performance – Greece up 7.2% mom in EUR terms in April 2019. The MSCI EME gained 2.4% in April, and was outperformed by the Greek ASE index, which rose 7.2%. The second-best performing market in EME was Romania, with the BET index up 5.3% mom, followed by the Russian MOEX (+4.1% mom), the Polish WIG20 (+1.4% mom) and the Hungarian BUX (+1.3% mom). The Czech PX index was flat mom; while the Turkish ISE30 dropped by 4.5% mom, but this was related to the depreciation of the TRY against the EUR, as the index was up 1.2% mom in TRY terms.

Research Team

The Rear-View Mirror – EME markets: Turkish ISE30 plummets in March

EME Equity Market – March 2019 Market performance – Turkish ISE index down 13.9% in March. In March, the MSCI EME remained flat, following February’s 1.6% mom contraction. Bucharest’s BET index was the best performer in March, +4.2% mom; followed by the MOEX index (2.1% mom); the ASE index (+2.0% mom); and Budapest’s BUX (+1.5% mom). In negative territory, the worst performer was the Turkish ISE30, -13.9% mom; while the WIG20 and the Czech PX lost 0.9% mom and 0.5% mom, respectively.

Research Team

The Rear-View Mirror – EME markets: Turkish equities stand out in November

EME Equity Market – November 2018 Market performance – Turkey up by 13.3% mom in EUR terms in November. The MSCI EME gained 2.2% in November, while the Turkish ISE rose by 13.3% in EUR terms, which was driven mostly by the appreciation of the TRY against EUR, as the index gained 6.1% mom in TRY terms. The Hungarian BUX was up by 8.3% mom, followed by the Polish WIG20 (+7.7% mom) and Romania’s BET (+1.8% mom). The Czech PX index was flat mom, while the Russian MOEX and the Greek ASE ended the month in negative territory (-0.3% mom and -1.5% mom, respectively).

Research Team

The Rear-View Mirror – EME markets: Turkish ESI continued to plummet in October

EME Equity Market – October 2018 Market performance – Turkey up only 1.4% mom in EUR terms in October 2018. The MSCI EME lost 3.4% in October, vs. September’s 6.1% gain; while the Turkish ISE rose by 1.4%, following September’s +17% mom; and the BET index recorded a gain of 1.1%. Prague’s PX index lost 4.2% in October, after September’s rise of 3.1%, while Moscow’s index lost 2.9%. Budapest’s BUX ended October marginally flat, losing 0.4%. A poor performance was seen by the ASE, losing 7.5% in October, followed by Poland’s WIG20 loss of 7.1% (all performances measured in EUR terms).

1 director sold

A director at Mytilineos Holdings sold 16,427 shares at 10.262EUR and the significance rating of the trade was 63/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of ...

Research Team

Focus: transferring coverage of OPAP with a BUY and a new EUR 12.2 PT; keeping our BUY on Mytilineos, with lower EUR 12.5 PT; Polish retail sector – retail tax saga – season 2; National Bank – feedback from investor day

HEADLINES: • OPAP: the odds are good (BUY - transfer of coverage) • Mytilineos: plant(ing) the seed (stays BUY) • Polish retail sector: retail tax saga - season 2 • National Bank: feedback from investor day • Rostelecom: recommends RUB 2.5 DPS from 2018 NI NEUTRAL • Petrol Group: 1Q19 review - strong quarter, 13% EBITDA beat POSITIVE • JSW: 1Q19 financial results - above consensus on better cost performance POSITIVE • 11 bit studios: 1Q19 results in line with our expectations, below the market consensus NEUTRAL • Energa: 1Q19 preliminary results - 12% EBITDA miss, due to weak sales resul...

Research Team

Focus: transferring coverage of Electrica (BUY), Transelectrica (HOLD) and Transgaz (HOLD); Yapi Kredi’s 1Q19 highlights; Erste Bank posts 6% beat vs. net profit estimates in 1Q19, due to LLPs releases; Komercni Banka posts solid 1Q19

HEADLINES: • Romanian utilities: entering murky waters (Electrica stays BUY, Transelectrica & Transgaz stay HOLD – transfer of coverage) • Yapi Kredi: 1Q19 highlights POSITIVE • Erste Bank: posts 6% beat vs. net profit estimates in 1Q19, due purely to LLPs releases • Komercni Banka: posts solid 1Q19 NEUTRAL • Coca-Cola Icecek: 1Q19 review - weak numbers, with 5% beat on EBITDA; Pakistan issues continue NEUTRAL • BRD-GSG: weaker pre-provision profitability, but write-backs support bottom line • OMV: 1Q19 results, in line • OMV Petrom: 1Q19 results, no surprises • MOL: 1Q19 results • Myti...

Research Team

WOOD Morning (31 October)

HEADLINES: • Warsaw Stock Exchange: 3Q18 EBITDA 5% below consensus on both weaker revenues and higher costs NEGATIVE • Santander Bank Polska: posts solid set of 3Q18 numbers • OMV Petrom: 3Q18 results - strong results beat estimates POSITIVE • Aselsan: 3Q18 results - operating numbers in line, but 31% NI beat POSITIVE • MOL: 3Q18 results - EBITDA in line, strong net income performance POSITIVE • OMV: 3Q18 review - strong results, but bottom line disappoints NEUTRAL • Jeronimo Martins: 3Q18 results in line with expectations NEUTRAL • Podravka: 3Q18 results above our expectations due to one-off...

Research Team

Focus: Kety’s 3Q18 – strong set of figures, but fully in line with preliminary numbers; Polish gencos – new draft law proposes changes at energy market regulator, according to press; CCC – IPO of e-obuwie planned for next year

HEADLINES: • Kety: 3Q18 - strong set of figures, but fully in line with preliminary numbers NEUTRAL • Polish gencos: new draft law proposes changes at energy market regulator, according to press NEGATIVE • CCC: IPO of e-obuwie planned for next year NEUTRAL • Bank Millennium: KNF hikes FX mortgage exposure capital buffer NEUTRAL • Mytilineos: acquires 97.9% stake in EPALME S.A. POSITIVE • Electrica: sues energy regulator for a higher rate of return • Fondul Proprietatea: Verbund may be interested in buying Hidroelectrica minority stake NEUTRAL • Turkish banks: earnings season kicks off today w...

Research Team

Focus: Piraeus Bank – clarification on Tier II issuance; OMV replaces assets swap with Gazprom with basic sale agreement; Mytilineos – read-across from closure of Alunorte refinery

HEADLINES: • Piraeus Bank: clarification on Tier II issuance • OMV: replaces assets swap with Gazprom with basic sale agreement NEUTRAL • Mytilineos: read-across from closure of Alunorte refinery • Coca-Cola HBC: reportedly interested in Russian bottled water leader NEUTRAL • Kruk: acquires portfolio in Romania POSITIVE • Echo Investment: sold 61 apartments in September and delivered 50 • Dom Development: sells 946 units in 3Q18, down 12% yoy NEUTRAL • JSW: May's tremor to lower 2018E coal production by c.0.5mt (c.3.3%) NEGATIVE • CD Projekt: Cyberpunk rumoured for 2019 NEUTRAL • Kety: op...

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