Aegean Airlines Initiate Coverage: OWN IT – Come Fly With Me
We initiate coverage on Aegean Airlines – to access our report contact@researchgreece.com
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Greek Banks: Rating The Banks Again – OI for Eurobank
We have not become structurally positive but we are meeting the Greek government halfway in its U-turn towards implementing the adjustment program; we assign an OWN IT rating on Eurobank (0.39x TBV 2016E)– the only Greek bank with upside (+30%) from current levels based on RoTE/CoE implied P/TBV valuation without accounting for future capital returns. It…
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Jumbo – In a League of its Own
We upgrade Jumbo to OWN IT… Greek trading over August-October was… We now worry less on…to continue reading contact@researchgreece.com
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Should Greece Be Ignored?
Greek equities are down 20% ytd … however, not everything is falling apart. We rate Grivalia Properties OWN IT and we believe…to continue reading this report contact@researchgreece.com
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Hellenic Exchanges: More is Not Enough
Greek banks recap should add c.E10bn to the average market cap (E45bn 9M). At 50%-60% velocity we estimate banks should add c. E25m to December ADV and push Q4 towards E50m (E84m in 9M) and FY at E75m. They will also contribute E2.5m in new issue fees (one off) and help EBITDA reach E4m for…