Business entity

ASBISc ENTERPISES PLC is optimistic about the prospects for 2022. All subsidiaries have presented their forecasts. The distributor assures that it is well prepared for any possible escalation of the conflict between Ukraine and Russia. Will the Company's quotations work off the declines of the last six months?

Last week the Polish Financial Supervision Authority approved the issue prospectus ofPOLENERGIA S.A. In recent weeks the Company's quotations have been falling. Will the plan to raise funds for new investments restore the quotations to their original price⁉.

Up 7.48%❔ On Wednesday, the Sejm Finance Committee approved a bill aimed at reducing the copper tax❗ It is estimated that revenue to the state budget will be reduced by around PLN 726 million. On Thursday, the stock price ofKGHM Polska Miedź S.A. rose to PLN 148.65 per share❕.

Cognor Holding S.A. estimates consolidated net profit at PLN 365.5 million in 2021, compared to PLN 33.5 million profit in 2020. The information caused the Company's quotations to increase by 8% within one day❗.

Arctic Paper has signed an agreement with the Polish company NTP to build a production plant, on the premises of Arctic Paper Kostrzyn. Once the plant is operational in 2025, the thermal energy generated by the NTP plant will be extracted and used for the paper drying process. Annually,Arctic Paper will use 470 thousand GJ of energy, which corresponds to 20% of total demand of the Kostrzyn factory❗.

Ferro Group SA reported a 95% year-on-year increase in net profit. On top of that, the stock has already risen 6.7%❗ since the beginning of 2022.

Last week, theUNIMOT Group concluded preliminary agreements withGrupa LOTOS S.A. which include the acquisition of 100% of shares in Lotos Terminale. Over the past few days, Unimot Group's stock price has increased by 19.9%❗.

The construction company, which reported a 232% year-on-year increase in net profit❓❗ MIRBUD S.A. is one of the two favorites, the construction industry outlook for 2022.

Last week, Budimex signed a contract with the National Border Guard Headquarters for the construction of a dam on the border with Belarus, with a length of over 100 km. The contract is worth PLN 326.2m net❗ Will the information cause the Company's stock price to rise?