Meat firm Pick looks appetizing to some analysts

Article Abstract:

Pick Szeged Rt. of Hungary is expected by analysts to see its shares outperform the local equity market in the long term, but expressed caution in the short term. The meat company is well-positioned to gain from a predicted shakeout among meat entities in the country, with their sales greatly affected by Russia's political and financial crisis. An analyst said Pick could expand its product range on the domestic market as small companies go bankrupt in their struggle to regain markets in Russia, one of their primary export markets.

Comment:

Is expected by analysts to see its shares outperform local equity market in the long term, but expressed caution in short term

Animal Slaughtering and Processing, Meat Products, Pick Szeged Rt.

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MOL says profit soared in first 9 months of year

Article Abstract:

Magyar Olaj Es Gazipari Rt. of Hungary has reported a 5.1% increase in its shares following an announcement disclosing a rise of more than twofold in earnings for a nine-month period in 1998. The oil and gas company said net profit grew to $178 million (38.8 billion forints) for the for the first nine months, exceeding analysts' projections of a net profit of 38 billion forints. MOL believes that the growth is indicative of the company's success in overcoming a large decrease in crude-oil prices.

Comment:

Posts 5.1% rise in shares after disclosing a rise of more than twofold in earnings for a nine-month period in 1998

Sales, profits & dividends, Crude Petroleum and Natural Gas Extraction, Crude Petroleum & Natural Gas, Petroleum industry, Natural gas, Petroleum, Gas industry, Magyar Olaj Es Gazipari Rt.

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Hungary's Richter to buy drug firms for $1.46 billion

Article Abstract:

Hungarian pharmaceutical firm Richter Gedeon announced plans to buy an 80.6% stake in Russia's OAO Akrihin and a 99.7% stake in Poland's Polpharma in deals totaling $1.46 bil. The purchases would make Richter Gedeon the largest pharmaceutical firm by market capitalization in Eastern and Central Europe.

Acquisitions & mergers, Poland, Pharmaceutical preparations, Planning, Pharmaceutical industry, Mergers, acquisitions and divestments, Company acquisition/merger, Russia, Company business planning, Richter Gedeon, Akrikhin Chemical Pharmaceutical Plant Joint Stock Co.

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