ResearchGreece https://validator.w3.org/feed/docs/rss2.html NBG: +2% Beat in Q2 Core PPP; Raises FY Guidance on Stronger NII Alpha Bank: Small Beat in Q2; Slight Upgrade to 2026 Norm EPS; Raise PT Titan Cement: Q2 EBITDA in-line; Net income Beat Includes One-Offs; US Recovery still the Key Catalyst Optima Bank: Strong Q2, Beats Consensus; Mgmt Raises Guidance; We Raise our Ests. and PT OTE: Q2 in-line; FY Guidance Maintained Piraeus Bank: NII & Fees Drive +10% PPP Beat in Q2 Motor Oil: Change of Plans? Fourlis: One-Off Transformation Costs & Recurring Benefits Greece: Adopting a More Cautious Stance Piraeus Port: Expecting Better Container Volume Days Greek Refineries: Strong H1; Valuation Requires Elevated Margins Beyond 2026 ADMIE Holdings: Strong SCI Targets but the Execution Risk is High and the Dividend Yield is Low RG New Homepage PPC: Incorporating the E4bn SCI and Updated E24bn Business Plan; Reiterate OWN IT Bank of Cyprus: Q1 Confirms Investor Day Targets and Yield Outlook; Reiterate OWN IT Optima Bank: Strong Quarter; Volume Growth and RoTE in Line With FY 26 Guidance NBG: +1% Beat in Q1 Core PPP; Underlying Numbers Support FY 26 Guidance; Allianz Deal Boosts 2027-28 Targets Eurobank: Solid Q1; Upside Risk for FY 2026; Reiterate Relative DOI Call Kri-Kri: Nice Headaches EYDAP: RAB Assumptions Overly Optimistic Piraeus Bank: Trading Losses Cause 6.5% PPP Miss; Core/Underlying Performance Supports FY Guidance; We Reiterate OWN IT Rating & PT Jumbo: Two Sides To The Story; We Remain On The Sidelines GEK TERNA: Downgrade Fourlis Misses Both 2025 and 2027 Guidance; Adopts More Pragmatic Tone PPC: No Q4 Beat; FY25 Delivered; FY26 guidance Reiterated; Positive Credia Bank: E300m Capital Raise @ E0.8/sh; 2028 Targets Look Ambitious Titan Cement: Shares Have De-Rated but Management Confident about 2026 Guidance and CMD Strategy Sarantis: Q4 Below Guidance; Sales/EBITDA re-base Towards Higher Margin Mix; 2028/E120m EBITDA Target Reiterated Greek Banks: Strong Q4; 2026 Transitional; RoTE Picks Up in 2027-28; Higher Payout OTE: Strong Q4; Higher 2026 EBITDA Guidance but FCFE In-Line; Change in Distribution Policy a Negative; Remains DOI; One of the Best Defensive Greek Plays Greek Banks: Update and Q&A Piraeus Port: TEUs Drop Further in November Jumbo: Why Is the Share Price Stuck? Contact Us Titan Cement: Cement Plant Acquisition in Turkey in Line With 2029 Forward Strategy RG Equities Blog: Top Picks, Updates and Buffers Fourlis: Q3 Cash EBITDA Growth of +21% Implies Q4 Needs +60% yoy to Meet FY 2025 Guidance OPAP: Higher Opex in Q3 (+20% yoy) Leads to Negative EBITDA Growth (-1% yoy) Despite Higher GGR (+6% yoy) PPC: Strong Q3 Points to FY 2025 Guidance Beat & Enhances our Conviction on 2026-2028 Targets; Peer 2027-2028 Valuation Yields E20/sh PT; We Upgrade our Rating to OWN IT. Titan Cement: Who Said Cement Companies Are Boring? Reiterate OWN IT OTE: EBITDA +2% Growth Rate Reiterated; FCF re-based at E530m/8% yield 2025 (Greece); E40m Extra Dividend from TRM; We Reiterate DOI Rating Bank of Cyprus: Strong(er) Q4; Higher 2025 RoTE Guidance; We Raise PT @ E10 on Higher Estimates, Lower CoE Alpha Bank: Q3 Broadly in Line; Guidance for +10% EPS CAGR 2024-27; +14% incl. Buy-Banks; Investor Day in Q2 2026; We Downgrade to DO NOT OWN IT (DOI) NBG: Q3 in Line; Loan Growth Seen Higher; E200m Interim Dividend; Final Payout TBC in Q4/FY 2025 GEK TERNA: Still the Best Infrastructure Play in Greece; We Raise our Valuation & Reiterate OWN IT Athens Airport: Solid Q3; Expect a Worse/ Communicated Q4 Piraeus Bank: Q3 in Line; 2025 Volume & RoTE Upside; Nat Insurance to be Completed in Q4 Eurobank: Q3 in Line; 2025 NII/Fee Upside; New 3YR Targets in Q4 Piraeus Port: TEU Traffic Dips in Q3 Sarantis: Q3 Was Bad; Q4 Should Be Better