Greek Market Watch: Motor Oil/Terna Energy, Athens Airport, IPTO, Terna Energy, Real Consulting

OPTIMA

Today’s Headlines

·         Motor Oil close to partner with Terna Energy in the offshore business (press)

·         Athens Airport releases strong passenger traffic for June

·         Deadline for the Ariadne Interconnection tender extended to end of July (press)

·         Terna Energy trades ex-dividend

·         Real Consulting AGM today

Market Comment

ATHEX recorded marginal gains on Friday, underperforming the European stock markets. In more detail, the General Index rose by 0.33% at 1,444.52 units (FTSE Large Cap: +0.42%, FTSE Mid Cap: -0.09% Banks Index: +0.78%) and the traded value was shaped at EUR 55.5m, down from Thursday’s EUR 66.4m. On a weekly basis, the General Index jumped by 2.58% w-o-w (FTSE Large Cap: +3.39%, FTSE Mid Cap: +1.32%, Banks index: +5.26%). We expect ATHEX to follow the European stock markets today, monitoring the developments in France.

Company Headlines 

Motor Oil close to partner with Terna Energy in the offshore business (press)

According to FortuneGreece.gr, Motor Oil applied to the competition authority a request to partner with Terna Energy with the acquisition of 50% stake in the latter’s 100% subsidiary “Aioliki Provata”, which holds an exploration license for the development of offshore wind park of up 400MW in the Northeastern Aegean Sea 

Athens Airport releases strong passenger traffic for June

Athens International Airport (AIA) released its passenger traffic data for June 2024, according to which total passenger traffic up by 12.9% y-o-y, driven by international traffic (up by 15.4% YoY), while domestic traffic was also up +7.5% y-o-y. For the 6M24 total passenger traffic was up by +16.0% y-o-y, reaching 14.0m passengers with international passengers up by 19.5% (+1.6m passengers) y-o-y and domestic passengers up by 8.6% y-o-y. 

Deadline for the Ariadne Interconnection tender extended to end of July (press)

According to Energypress.gr, the deadline for the 2nd phase of the tender process for the sale of a 20% stake in Ariadne Interconnection was extended to end of July from 21 June previously. As a reminder, Ariadne is a 100% subsidiary of IPTO (ADMIE), which constructs the Crete-Athens interconnection cable. 

Terna Energy trades ex-dividend

Terna ENERGY trades today ex-dividend of EUR 0.38211/share (DY: 1.95%) 

Real Consulting AGM today

The AGM of the company is taking place today at 14:00 Athens/12:00 London Time. Shareholders will approve among others the transfer of shares to the main market of ATHEX from the Alternative, the renewal of the share buyback program as well as a stock options program to BoD members and executives.  

Calendar of Events

Macros

09/07/24 | CPI & Harmonized CPI JUN

10/07/24 | Industrial Production Index MAY

12/07/24 | Import Price Index in Industry MAY

12/07/24 | Scope Ratings – Greek sovereign credit review

16/07/24 | Evolution of Turnover of Enterprises MAY

19/07/24 | Turnover Index in Industry MAY

2Q/1H24 Results Release

25/07/24 | Metlen (Flash Note) (Bef-mkt)

29/07/24 | Hellenic Exchanges

30/07/24 | Entersoft (trading update) (Aft-mkt)

31/07/24 | Piraeus Financial Holdings (Bef-mkt), Eurobank Holdings, Titan Cement

01/08/24 | Optima bank, National Bank of Greece

02/08/24 | Alpha Services and Holdings

06/08/24 | PPC (Aft-mkt)

07/08/24 | Coca-Cola HBC

29/08/24 | HELLENiQ ENERGY (Aft-mkt)

03/09/24 | OPAP (Aft-mkt), Sarantis

EGM / AGM

08/07/24 | ELLAKTOR (EGM), Real Consulting (AGM)

09/07/24 | Austriacard Holdings (AGM), Lavipharm (AGM), Centric (AGM)

10/07/24 | Intrakat (AGM), Papoutsanis (EGM)

11/07/24 | EYDAP (AGM), Alpha Real Estate (AGM)

12/07/24 | Attica Group (AGM)

16/07/24 | Attica Bank (AGM)

17/07/24 | Motor Oil (EGM)

19/07/24 | Quality & Reliability (AGM)

23/07/24 | Eurobank Holdings (AGM)

24/07/24 | Alpha Services and Holdings (AGM)

25/07/24 | National Bank of Greece (AGM)

26/07/24 | Evrofarma (AGM), Unibios (AGM)

20/08/24 | Thessaloniki Water & Sewage Co. (AGM)

30/08/24 | Ble Kedros (AGM)

04/09/24 | ELVE (AGM)

06/09/24 | Domiki Kritis (AGM)

10/09/24 | Epsilon Net (AGM)

Ex-Dividend

08/07/24 | Terna Energy (EUR 0.3821128409), EKTER (EUR 0.12)

10/07/24 | Piraeus Financial Holdings (EUR 0.063), HELLENiQ ENERGY (rem. EUR 0.60), Jumbo (EUR 1.00), AS Company (EUR 0.13762556)

15/07/24 | Vogiatzoglou Systems (EUR 0.145), Medicon, Elinoil (EUR 0.108)

16/07/24 | Austriacard Holdings, Alpha Real Estate

18/07/24 | ILYDA (EUR 0.02)

19/07/24 | Attica Group (EUR 0.07)

22/07/24 | PPC (EUR 0.25), EYDAP (EUR 0.10), Space Hellas (EUR 0.16), Athens Medical (EUR 0.02)

25/07/24 | Eurobank Holdings (EUR 0.0933)

26/07/24 | Alpha Services and Holdings (EUR 0.026)

29/07/24 | National Bank of Greece (EUR 0.36), Piraeus Port (EUR 1.34), AVAX (EUR 0.03)

01/08/24 | Creta Plastics (EUR 0.5001157168)

22/08/24 | KRI-KRI (EUR 0.35)

27/08/24 | Thessaloniki Water & Sewage Co.

11/09/24 | Ble Kedros

12/09/24 | Evrofarma

17/09/24 | Epsilon Net

Ex-Capital Return

22/07/24 | ELLAKTOR (EUR 0.50)

25/07/24 | Ideal Holdings (EUR 0.20)

26/08/24 | Biokarpet (EUR 0.02)

28/08/24 | GEK TERNA (EUR 0.25)

12/09/24 | Unibios 

Research Department
Equity Research 

Τ: 210 8173 383 F: 210 3279 287 E: [email protected]

32 Aigialeias & Paradissou str., 15125, Maroussi optimabank.gr

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