29/06/2007 12:03
HSBC raised the target price of Marfin Popular Bank to €9.40 from €8.30, maintaining the neutral rating. According to the analysts, “we raised our 2007, 2008 and 2009 EPS forecasts by 32%, 20% and 24% respectively following the inclusion of MIG-related revenues”. HCSB also see a stronger NII outlook mainly as a result of improving asset quality trends and loan recoveries in Cyprus.
The analysts also support that MIG’s €5.2bn share capital increase is expected to be concluded by end-July. “There is a strong investors’ interest and the best pat of funds has been secured“, the analysts support.
The analysts also support that MIG’s €5.2bn share capital increase is expected to be concluded by end-July. “There is a strong investors’ interest and the best pat of funds has been secured“, the analysts support.
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