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1400GMT 13Aug2008 MOL falls on concerns over planned INA bid
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Shares in Hungarian oil group MOL fall 5 percent as some investors worried
that it could overpay in its planned bid for Croatian refiner INA and the fate
of a 20-percent stake held by Austria's OMV after it dropped its takeover
attempt.
Some traders also said MOL was a victim of a wider sell-off of Hungarian
shares by foreign players.
"Investors are concerned that they may pay too much for INA (shares)," an
equity trader said. "Then there is also the question what happens to the MOL
stake held by OMV, so there are some issues raising concerns among investors."
For more on MOL double click []
rm://krisztina.than.reuters.com@reuters.net
0850GMT 13Aug2008 PKN falls on worries over Q3 prospects
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Poland's top refiner PKN Orlen <PKNA.WA> falls as much as 3.8 percent as
investors overlook its strong second-quarter results, discounted by earlier
gains, as investors worried about a more difficult third quarter.
Smaller rival Lotos, which also reported results ahead of consensus, slipped
0.1 percent.
"The two stocks ended Tuesday session on a high note and it seems the market
lacks strength to go further," said Kamil Kliszcz, analyst with BRE brokerage.
"In both cases second-quarter results were very good, especially in the
refining segment, but investors may be now discounting a possibly tougher third
quarter."
rm://adrian.krajewski.thomsonreuters.com@reuters.net
0805GMT 13Aug2008 ING Bank Slaski gains on strong Q2
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Mid-sized lender ING Bank Slaski gasins as much as 5.7 percent after posting
strong quarterly earnings.
"ING Bank Slaski beats market expectations on massive financial gains.
However, even excluding these items the results look encouraging," writes BZ WBK
brokerage.
rm://chris.borowski.reuters.com@reuters.net
0743GMT 13Aug2008 PGNiG falls on gas output cut, Q2 earnings
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Shares in Polish gas monopoly PGNiG <PGNI.WA> slump 3 percent after
second-quarter earnings missed expectations and it cut forecast for natural gas
extraction in 2008 and 2009.
To read more on results double click on [], extraction plans
cut on []
rm://piotr.skolimowski.thomsonreuters.com@reuters.net))
0730GMT 13Aug2008 BZ WBK cuts Agora target, keeps at 'underweight'
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BZ WBK brokerage cuts its target price for Polish media group Agora
<AGOD.WA> to 29.0 from 32.5 zlotys but keep its "underweight" recommendation
after the company missed expectations with second-quarter results.
"Despite a 30 percent fall in Agora share price in the last 12 months, we
still do not see a motivation to buy the shares," analyst Andrzej Szymanski
wrote it the BZ WBK note dated Tuesday.
rm://adrian.krajewski.thomsonreuters.com@reuters.net))
0705GMT 13Aug2008 Wood&Co upgrades TVN to "buy", cuts Handlowy
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Wood&Co. upgrades Polish broadcaster TVN <TVNN.WA> to "buy" after it
reported strong second-quarter figures.
The Czech brokerage cuts Bank Handlowy <BAHA.WA> to "hold" after its
dissapointing quarterly results.
rm://chris.borowski.reuters.com@reuters.net
