The basic scenario endorsed by BoG/Banks/SSM is -40%/E42bn lower NPEs by 2019, dominated by re-performing initiatives (80-85%). Our exercise shows this would be totally manageable by GR banks capital-wise. Still, we doubt quarterly NPE targets will be met…
Greek Banks: 2019 NPE Targets Dominated by Restructurings
November 3rd, 2016Titan Cement – Remains DOI
October 7th, 2016Remains DOI on limited share upside potential – we met with management and we…to access this report contact@researchgreece.com
Jumbo – upgrade to OWN IT
October 5th, 2016With this report we upgrade our rating to OWN IT on valuation grounds. The strongest link, behind our positive investment thesis, is the company’s ability…to access this report contact@researchgreece.com
OPAP – Upgrade to OI
September 23rd, 2016The existing business is worth E7.46/share (on 0% growth) but the 8.5% dividend yield (E0.65) cannot be ignored -while waiting for VLTs; conditions have matured, we think, for a win-win scenario on the latter…
Greek Trends & Trivia – 8 August 2016
August 8th, 2016Tourism / Fourlis / Helex / Banks