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1305 GMT 3Sept2008 PKN Orlen falls to Aug 2004 lows
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Poland's biggest refiner PKN Orlen <PKNA.WA> falls 2.2
percent, touching the lowest level since August 24, 2004, on
worries the decline in oil prices will force the company to mark
down the value of its crude stockpiles and hit earnings.
PKN's third-quarter net profit may be reduced by 200 million
zlotys if oil prices and the dollar stayed at current levels,
newspaper Parkiet quoted an oil analyst at BRE brokerage in
Warsaw as saying on Wednesday.
rm://piotr.skolimowski.thomsonreuters.com@reuters.net
0933 GMT 3Sept2008 Raiffeisen ups TVN target price
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Raiffeisen raised its target price for Polish television
broadcaster TVN <TVNN.WA> to 19.5 from 19.0 zlotys and kept its
"hold" recommendation for the stock, the brokerage said in a
note dated September 2.
The stocks falls 0.2 percent to 17.72 zlotys, compared to a
0.7 percent decline for Warsaw's blue-chip WIG20 index <>.
rm://adrian.krajewski.thomsonreuters.com@reuters.net
0830 GMT 3Sept2008 Agora jumps, recovers from trading error
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Polish media group Agora <AGOD.WA> jumps 4.4 percent,
capping losses in Warsaw, after what dealers said was an
erroneous trade that sent the stock lower at Tuesday's close.
The company closed 4.3 percent lower on Tuesday at 28.5
zlotys, or 5.6 percent below its session high.
rm://adrian.krajewski.thomsonreuters.com@reuters.net
0745 GMT 3Sept2008 Pulawy rises on higher dividend
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Polish fertiliser maker Pulawy <PULW.WA> rises as much as 2
percent after saying it would pay 4.3 zlotys per share in
dividend, more than twice the amount it paid a year earlier.
Pulawy will return a total of 82 million zlotys ($35.3
million) in dividend, or a quarter of its net profit in the
financial year ended on June 30.
To read more, double click on []
rm://adrian.krajewski.thomsonreuters.com@reuters.net
0700 GMT 3Sept2008 Wood&Co cuts AAA Auto to 'sell'
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Wood and Company brokerage cut its recommendation for used
car dealer AAA Auto <> to 'sell' from 'hold', saying
falling sales may prolong the company's return to profitability.
The brokerage also reduced its target price for the stock to
16 czech crowns from 24 previously.
rm://piotr.skolimowski.thomsonreuters.com@reuters.net
($1=2.323 Zloty)
