Bloomberg News

Kety, Kredyt, OTP, PGNiG, PZU: Central European Equity Preview

September 28, 2011

Sept. 28 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in central European markets. Stock symbols are in parentheses after company names. Share prices are from the last close.

Poland’s WIG20 Index jumped 4.2 percent, the Czech PX Index climbed 3.6 percent and Hungary’s BUX Index soared 4.5 percent.

Grupa Kety SA (KTY PW): Poland’s biggest aluminum products maker expects third-quarter net income to reach 32 million zloty ($9.9 million) to 33 million zloty as sales advanced to as high as 400 million zloty, a record level, the company said in a regulatory statement. Kety shares were unchanged at 87 zloty.

Kredyt Bank SA (KRB PW): Banco Santander SA of Spain has completed initial due diligence on the Polish lender and has made its owner, KBC Groep NV, a preliminary offer, Gazeta Wyborcza reported, citing two people it didn’t name. Kredyt Bank jumped 4.5 percent to 11.49 zloty.

OTP Bank Nyrt. (OTP HB): Hungary’s biggest bank had its share-price estimate cut to 4,400 forint from 6,800 forint at JPMorgan Chase & Co., which maintained its “overweight” recommendation. The shares jumped 15 percent to 3,259 forint.

Polskie Gornictwo Naftowe i Gazownictwo SA (PGN PW): Poland’s largest gas company is being inspected by European Union antitrust regulators, spokeswoman Joanna Zakrzewska said by phone yesterday. The shares rose 1 percent to 4.04 zloty.

PZU SA (PZU PW): Shares of Poland’s biggest insurer trade without the right to a 2010 dividend for the first day. PZU shares gained 1.8 percent to 343.8 zloty.

--Editors: Stephen Kirkland

To contact the reporters on this story: Pawel Kozlowski in Warsaw at pkozlowski@bloomberg.net; Marta Waldoch in Warsaw at mwaldoch@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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