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REGIONAL INDICES
Warsaw WIG20 <> Bucharest Beti <>
Budapest SE Index <> Prague PX <>
Zagreb Crobex <> Sofia Sofix <.SOFIX>
Ljubljana SBI20 <> Istanbul ISE National 100 <>
0911 18Sept2008 Polnord surges on takeover report
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Shares in Polish developer Polnord <PNOR.WA> jump 11 percent to 51 zlotys
after media report Italian Pirelli & C Real Estate SpA <PCRE.MI> is close to
buying a 52 percent stake in the company for $255-$277 million.
"The price reported by the Rzeczpospolita daily is not high, but 70-75
zlotys per share is much above the current market levels," IDMSA analyst Maciej
Wewiorski said.
rm://pawel.bernat.thomsonreuters.com@reuters.net
0910 18Sept2008 Developers plunge on Immoeast result
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Shares in Austrian property developer Immoeast <IMEA.VI> plunges 15 percent
after it reported a first-quarter operating loss, while rivals Orco <>
and ECM <> fall as much as 24 percent on funding worries.
Investors are concerned the developers investing in central and eastern
European real estate could have a difficult time collecting funds amid the
global credit crunch, threatening their ambitious plans and valuations.
Trade in Orco and ECM shares was temporarily suspended during the session in
Prague falling steep falls. The stocks are down more than four-fifths this year.
Immoeast shed two-thirds of its value in 2008.
rm://chris.borowski.thomsonreuters.com@reuters.net
0727 18Sept2008 Erste starts Emperia with 'hold'
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Erste Securities in its Thursday report initiates Polish consumer goods
retailer Emperia Holding <EDRO.WA> with "hold" and target price of 92 zlotys.
The stock falls 2.5 percent to 79 zlotys.
rm://adrian.krajewski.thomsonreuters.com@reuters.net
0722 18Sept2008 Wood&Co ups Philip Morris CR to 'buy'
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Brokerage Wood & Co upgrades its recommendation for tobacco group Philip
Morris Czech Republic <> to 'buy' from 'hold' and boosts ts price
target to 7,300 crowns from 6,400.
rm://jana.mlcochova.thomsonreuters.com@reuters.net
0718 18Sept2008 ING cut Asseco Slovakia to hold
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ING downgrades Warsaw-listed IT provider Asseco Slovakia <ACSK.WA> to "hold"
from "buy", citing a 10 percent rise for the stock in the last two months.
In its report dated September 17 the brokerage also cut its target price for
the company -- part of the Asseco Poland group <SOBK.WA> -- to 32.6 from 33.2
zlotys, compared to 28.8 zlotys at Wednesday's close. It did not trade in the
early Thursday session.
rm://adrian.krajewski.thomsonreuters.com@reuters.net
0708 18Sept2008 Wood&Co cut PGNiG target to 4 zlotys
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Wood & Co. cuts the target price for Polish gas monopoly PGNIG <PGNI.WA> to
4.00 zlotys from 4.85 and maintains a "hold" recommendation.
The stock up 0.3 percent at 2.99 zlotys.
rm://adrian.krajewski.thomsonreuters.com@reuters.net
