Recommendations
#rainbow: buy TP 105 pln
#torpol: buy TP 45 pln
#synektik: buy TP 180,60 pln
Insider Trading
#qna: buy
#igoria: sell
#miraculum: buy
#biomass: buy
#gtc: crossing above the 5% threshold
#hortico: sell
#sygnis: buy
#mBank: sell
#ferrum: buy
#fintech: crossing above the 5% threshold
#synektik: buy
#analizyonline: sell
#drfinance: sell
#bnpparibas: sell
#astarta: buy
News
#MCI
MCI Capital, a Polish private equity firm, expects an excellent year for M&A in 2024 after a sluggish period over the past two years. The company's CEO, Tomasz Czechowicz, anticipates a surge in private equity activity, driven by declining interest rates, increased liquidity, and a substantial pipeline of potential deals. MCI Capital aims to make three new investments worth 100-200 million zlotys each, focusing on sectors like SaaS, digital technologies, green energy, and the circular economy. Additionally, the firm hopes to exit 2-3 investments this year, potentially through the Warsaw Stock Exchange in 2025, as Czechowicz believes the Polish market will attract capital if economic recovery strengthens.
#allegro
Allegro, a Polish e-commerce platform, expects GMV growth of 9-10% and revenue growth of 18-20% in Poland in Q1 2024, despite the Easter holiday falling at the end of the quarter. The company anticipates improved consumer spending due to lower inflation, minimum wage increases, and the "800 plus" program. Allegro launched platforms in the Czech Republic and Slovakia in 2023 and 2024, respectively, and plans to expand to Hungary later this year, with a maximum annual investment of up to 20% of its Polish EBITDA in foreign operations over the next 5 years. The company currently has 3,500 One Box parcel lockers and aims to improve their utilization while cautiously investing in new machines based on profitability.
#amica
Amica, a major Polish appliance manufacturer, plans to unveil its new 10-year strategy in May 2024, focusing on digitalization and strategic marketing. The company aims to regain its position in the Polish market and expand in markets like Spain, Southeast Europe, and Central Asia, while acknowledging challenges in the US market. Despite a 14.6% drop in revenue in the first three quarters of 2023 due to declines in Poland and Western Europe, Amica managed to generate an operating profit, though net profit was impacted by interest expenses. The company intends to increase sales volumes in 2024, particularly for heating appliances, but does not foresee a significant recovery in European demand yet.
#orange
Orange Polska plans to invest 400-500 million PLN in 2024 towards building its 5G network and modernizing its access network. The company's total economic capital expenditures (e-Capex) in 2024 are expected to be in the range of 1.7-1.9 billion PLN. Orange is also participating in projects under Poland's National Recovery Plan, which will allow it to build fiber optic networks to around 150,000 households with an investment of around 250 million PLN over 3 years. The telecom operator will soon begin work on a new 3 or 4-year strategy, which is expected to continue its focus on organic growth, quality services, technology development, and cost efficiency.
#budimex
Budimex expects slightly lower sales but improved profitability in 2024, while maintaining a strong cash position and dividend payout policy. The company also has investment plans for real estate development and potential acquisitions in renewable energy
#labormarket
W lutym 2024 roku na portalach rekrutacyjnych pojawiło się 21 proc. mniej ofert pracy niż przed rokiem, zgodnie z raportem firmy Grant Thornton. Dane sugerują, że styczniowe wzrosty były jedynie krótkotrwałym zjawiskiem, co wskazuje na trudności na rynku pracy. Sytuacja ta może mieć wpływ na poszukujących zatrudnienia oraz na ogólną dynamikę rynku pracy w Polsce.
Twitter:
https://x.com/bartodziejm/status/1767563026796875976?s=20
https://x.com/dnarynkow/status/1767468850189152271?s=12
https://x.com/rafalmundry/status/1767467515033034814?s=12
https://x.com/trekjan/status/1767472158874251594?s=12
https://x.com/MikeFritzell/status/1768092911592440047?s=20
https://x.com/vercom_sa/status/1767560424847753585?s=12