Warsaw shares TFN at a glance outlook
WARSAW (Thomson Financial) - Warsaw shares are expected to open higher on better global sentiment, and after mid-sized lender BZ WBK's net profit jumped 33 pct in the third quarter, only slightly missing market forecasts.
The blue-chip WIG20 index ended Tuesday up 0.01 pct at 3,796.64, while the broad-based WIG was 0.38 pct lower at 61,527.41.
FORTHCOMING EVENTS (All times CET) Today - Finance Ministry holds 1.5-2.0 bln zloty 5-year bond tender.
- Oficial reserves for October. (1400) - Railway company ZNTK w Lapach debuts on Warsaw bourse.
- ING Bank Slaski holds presser on Q3 results. (1130) Tomorrow - Multimedia posts Q3 results, holds presser at 1000.
- Real-estate developer J.W.Construction posts Q3 results, holds presser at 1100.
- Broadcaster TVN posts Q3 results, holds presser at 1200.
- Mobile operator PTC post Q3 results, holds presser at 1200.
- Construction company Polimex Mostostal posts Q3 results, holds presser at 1300.
TODAY'S PRESS - Court said regulator cannot freely interfere with telecom TPSA's price scheme. (Dziennik) - Chemicals company Ciech plans to spend 100 mln zlotys on investments in 2008. (Puls Biznesu) - Poland's ad market will grow 11 pct to 6.6 bln zlotys in 2007.
(Rzeczpospolita) - Developer JW Construction plans substantially bigger profits year-on-year in 2008. (Rzeczpospolita) - Computer maker Optimus plans foreign expansion, to come back to top spot in Poland. (Parkiet) COMPANIES - BZ WBK net profit jumps 33 pct in Q3, slightly misses forecast on provisions.
- Copper miner KGHM sacks investments deputy CEO Bylicki.
- TVN expected to raise Q3 sales, but bond revaluation to spark high loss.
- TVN expects revenues to grow faster than TV ad market in 2008 - CEO.
- Bank PKO BP profit should rise 9 pct in Q3 on higher lending, mutual funds.
- Agora Sept sales of flagship daily Gazeta Wyborcza drop 1.5 pct year-on-year.
- Bank Handlowy net profit rises by almost a quarter in Q3 on higher fee income.
- Warsaw bourse in talks on strategic alliance with 'large' exchange - CEO.
- Asseco Poland CEO says to beat expectations; sees 65 mln eur profit in 2008.
- KBC grants 'buy' to two Polish banks, puts three others at 'hold'.
ECONOMIC - Polish central bank chief says forecast Oct inflation rise a surprise.
- Polish PM-in-waiting to take 'cautious' approach on euro, warmer EU relations.
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