Bioton, BRE, KGHM, Magyar Telekom: Central Europe Stock Preview

The following is a list of companies whose shares may have unusual price changes in central European markets. Stock symbols are in parentheses after company names. Share prices are from the last close.

Poland’s WIG20 Index surged 1.7 percent, the Czech PX Index added 0.2 percent and Hungary’s BUX Index rose 0.5 percent.

Bioton SA (BIO PW): Poland’s largest biotechnology company had fourth-quarter net profit of 101.6 million zloty ($35.4 million), compared with a 511.2 million-zloty net loss in the same period last year. Bioton jumped 5.9 percent to 0.18 zloty.

BRE Bank SA (BRE PW): The management of the Polish unit of Commerzbank AG recommended paying no dividend from 2010 profit, it said in a regulatory statement today. BRE fell 0.6 percent to 310.8 zloty.

Enea SA (ENA PW): Poland’s third-largest power utility said fourth-quarter net income rose to 73.4 million zloty from 67.2 million zloty a year earlier. The shares were unchanged at 21.9 zloty.

KGHM Polska Miedz SA (KGH PW): Poland’s sole copper producer said fourth-quarter unconsolidated net income rose to 1.32 billion zloty, compared with the 1.24 billion-zloty mean estimate in a Bloomberg survey. KGHM added 4.4 percent to 175.5 zloty.

Magyar Telekom Nyrt. (MTEL HB): The Hungarian phone unit of Deutsche Telekom AG was upgraded to “buy” from “neutral” at Nomura Holdings Ltd. Magyar declined 1.3 percent to 551 forint.

Polimex-Mostostal SA (PXM PW): Poland’s second-largest construction company was upgraded to “buy” from “hold” at ING, which increased its price estimate to 4.27 zloty from 4.18 zloty. Polimex gained 4.1 percent to 3.59 zloty.

Polnord SA (PND PW): The Polish real-estate developer said 2010 net income fell to 51.6 million zloty from 63.6 million zloty. Polnord gained 0.1 percent to 31.9 zloty.

Stalprodukt SA (STP PW): The Polish steel-product maker and trader had fourth-quarter net income of 13.2 million zloty, down from 54.2 million zloty a year earlier. The shares rose 1.5 percent to 299.5 zloty.

Telefonica 02 Czech Republic AS (SPTT CP): The largest Czech phone operator was downgraded to “reduce” from “neutral” at Nomura. The shares were unchanged at 400 zloty.

Telekomunikacja Polska SA (TPS PW): Poland’s largest phone company was cut to “neutral” from “buy” at Nomura. The shares rose 3.3 percent to 17.29 zloty.

To contact the reporter on this story: Marta Waldoch in Warsaw on mwaldoch@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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