Czech Republic - Factors To Watch on May 11

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KOMERCNI BANKA TO REPORT

Komercni Banka publishes first-quarter results at 10 a.m. (0800 GMT). The only Czech listed lender, is expected to report a 10 percent rise in revenue for the first quarter of 2007 due to credit expansion, a Reuters poll of analysts showed.

ANALYSTS' FORECASTS FOR KOMERCNI RESULTS.....[ID:nL07186453]

Chief Executive Laurent Goutard holds a presentation at 1 p.m. (1100 GMT). The bank organises a conference call with investors at 4 p.m. (1400 GMT).

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INFLATION HITS 7-MONTH HIGH, UNEMPLOYMENT FALLING

Czech inflation quickened more than expected to hit a 7-month high in April, confirming a resurgence of price growth and leading the market to discount almost fully an interest rate rise later this month.

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INSTANT VIEW ON APRIL INFLATION DATA........[ID:nL09317767]

FACTBOX ON CENTRAL BANK'S FORECASTS.........[ID:nL0428777]

- For real-time economic data releases, double click on the following code:

- OVERVIEW OF ANALYSTS' ECONOMIC FORECASTS: [ID:nL02664655]

- SUMMARY OF COMMENTS BY CNB POLICYMAKERS: [ID:nL26200293]

ANALYSTS EXPECT RATE HIKE BY JUNE

The Czech central bank (CNB) is very likely to raise interest rates by 25 basis points by June following the strong April inflation data, a Reuters poll of 19 analysts showed.

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FOR DETAILED FORECASTS, DOUBLE-CLICK ON [ID:nL10503700]

EARNINGS POLL: ZENTIVA PROFIT SEEN UP

Drugmaker Zentiva is expected to post an 11 percent rise in first-quarter net profit compared with a weak quarter a year ago, helped by continuing expansion abroad, a Reuters poll showed.

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RESEARCH ALERTS:

RAIFFEISEN UPS TELEFONICA CR TARGET

Raiffeisen Capital and Investment raised its 12-month target price on shares in Czech telecoms firm Telefonica O2 CR by 4.8 percent to 614 crowns, maintaining its "hold" rating on the stock.

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KBC DOWNGRADES CME

KBC Securities cut its rating on central European television broadcaster CME to "hold" from "buy" but raised its fair value estimate by 2.7 percent to $99.4 per share.

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For overview of economic data and forecasts click on For Instant Views of key economic data click on [CZ/INSTANT] For summary of economic data and forecasts For diary of forthcoming Czech events [CZ/DIARY] For calendar of east European economic indicators [CONV/DIARY] TOP NEWS -- Emerging markets [TOP/EMRG] TOP NEWS -- Convergence watch [TOP/EAST]

For an economic indicator diary for the euro zone, the United States and other Group of Seven countries see

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News editor of the day: Alan Crosby on +420 224 190 477; fax: +420 224 229 935

E-mail: prague.newsroom@reuters.com

Reuters Messaging: alan.crosby.reuters.com@reuters.net

[PRAGUE/Reuters/Finance.cz]