Budapest Stock Exchange

AutoWallis Plc., the asset management company focused on automotive investments, has begun trading with its newly issued shares worth EUR 49.5 million on the Budapest Stock Exchange.  

Once again, the Budapest Stock Exchange has hosted the “BÉT Legek” (Best of BSE) Gala, one of the key events for the domestic capital market. At the Gala, the Exchange gave out awards in 18 categories for the best capital market performances over the last year, chosen by a jury made up of members of the Stock Exchange Advisory Board and on the basis of market performance. OTP Bank Nyrt. was named Investment Service Provider of the Year, and Concorde Securities Ltd. the Stock Trading Company with the Highest Turnover for the Year, while former Magyar Telekom Nyrt. CEO Christopher Mattheisen also received an award. The event also saw the BSE present its Strategic Report for 2018.

Bank of China has completed the listing of Structured Notes worth USD 15 million and EUR 8.5 linked to 4.85% CNY due July 2020 issued by Hungary on the Budapest Stock Exchange. The Notes now available on the BSE are the very first products to be listed in the CEE region by a Chinese bank.

Megakrán Nyrt., the craning and machinery installation service provider, has begun trading on the Budapest Stock Exchange’s (BSE) BÉT Xtend market. This marks the first entry to BÉT Xtend, which aims to support the growth plans of medium-sized businesses.

Today Budapest Stock Exchange welcomes a new member in its equities trading section. As a part of its Central Eastern European expansion, from 27 August 2018 leading Czech investment service provider Patria Finance a.s. provides direct access to the Hungarian market to its clients, both retail and professional institutional investors.

Under the support agreement concluded with the Ministry for National Economy (NGM), the BSE provides non-refundable support for the IPO preparation of companies with rapid growth potential that are open to transparent operation in the public arena. Companies can apply for the financing of expenses related to preparation for public listing as the second component of the programme, starting from mid-March.

This week, a conference organised by the London Stock Exchange presented the V4 capital markets. Hungary was represented by Minister of Foreign Affairs and Trade Péter Szijjártó and BSE Chairman and CEO Richárd Végh. The event focusing on the stock exchanges of the V4 saw executive officers and investors in attendance discuss the underlying opportunities of the region’s capital markets, exchanges and listed companies.

On 27 – 28 June, the Budapest Stock Exchange and six domestic issuers attended the Spring Europe MidCap Event, a prestigious investor conference, in Paris. ANY Biztonsági Nyomda, Duna House, Konzum, Opus, Pannergy and Waberer’s have all conducted bilateral talks with the nearly 150 institutional investors from Western Europe in attendance, predominantly from France, Germany and the Benelux.

As a result of the support agreement signed by the Budapest Stock Exchange (BSE) and the Ministry for National Economy (NGM), companies which show rapid growth potential and are open to transparent operation in the public arena can count on professional and financial support for their IPO preparation. SMEs have been able to apply for support from the Budapest Stock Exchange to finance their IPO preparations since March 2018. Megakrán Ltd. is the first company to have been granted this support.

On 23 May 2018, the Budapest Stock Exchange held its annual general meeting, which saw the owners accept the report for the 2017 business year as well as the reports by the Supervisory Board and the Auditor. According to the annual report, the BSE’s EBITDA for 2017 was HUF 465.9 million, while its after-tax profit amounted to HUF 176.3 million. A resolution was also passed on dividend payment and the remuneration of the Auditor. The management of the BSE also presented the results to date of the 2016–2020 five-year strategy and the most important projects for 2018.