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The Mol announcement was a major surprise – we haven't seen anything like it since 2022.
Featured Analysis

The Mol announcement was a major surprise – we haven't seen anything like it since 2022.

Mol achieved significant performance in the second quarter of 2023, which was not seen since the 2022 energy crisis. The Downstream segment reached a record high, due to increased margins, normalized product supply, and the return of Russian oil. The Upstream segment also achieved strong results, making the third quarter the strongest in the period, with net profit exceeding analyst expectations by nearly 60 percent. The reasons and sustainability will also be examined.

Latest Dispatches

Would you buy a contemporary artwork? You can definitely get answers to these 5 questions. uzlet-vallalkozas

Would you buy a contemporary artwork? You can definitely get answers to these 5 questions.

Many people feel that the functioning of the contemporary art market is opaque and that it is difficult to make informed decisions. How can I be sure that I am making the right choice? What criteria should I use? What makes a work of art valuable? And is it necessary to “understand” contemporary art in order to buy a work of art?

Portfolio.hu - Üzlet
Is the housing price boom in Hungary coming to an end? Experts predict how much prices will fall now. uzlet-vallalkozas

Is the housing price boom in Hungary coming to an end? Experts predict how much prices will fall now.

After more than three years, housing prices in the country have decreased for the first time in the second quarter of this year, while annual inflation remains high, although the pace is no longer considered European champion. According to experts, the slowdown in the market may lead to a reduction in the previously steep rise in prices to around 10 percent in the future.

Portfolio.hu - Ingatlan
Renault reported strong figures, but something is clearly not pleasing investors. uzlet-vallalkozas

Renault reported strong figures, but something is clearly not pleasing investors.

Renault’s first-half results were mixed. While revenues and operating margins exceeded expectations, net profit fell short of market consensus, and the automotive business segment’s profitability declined. Management did not raise its annual targets, which caused concern. As a result, the stock price reacted negatively to the results, partly due to fears of price competition in Europe and the realization of profits.

Portfolio.hu - Üzlet
When will I be able to afford a garage in Budapest? - High prices in the parking space market uzlet-vallalkozas

When will I be able to afford a garage in Budapest? - High prices in the parking space market

In yesterday’s episode of Portfolio Checklist, the parking space market was analyzed, including the trends in prices and the valuation of garages from an investment perspective. With the help of Zenga’s analyst, Péter Futo, the topic of whether it is worth investing in garages was discussed. In the first part of the program, they also discussed the upcoming property tax, which is expected to generate significant revenue, but there are still many uncertainties surrounding its implementation. They questioned Gergely Csiki, the editor-in-chief of Portfolio, about the details.

Portfolio.hu - Ingatlan
Despite positive signs, there are still serious problems at Stellantis. uzlet-vallalkozas

Despite positive signs, there are still serious problems at Stellantis.

Stellantis’ second-quarter performance improved significantly, mainly due to the recovery in North American sales. The parent company of Jeep, Peugeot, and Fiat once again generated profits, and industrial free cash flow turned positive. However, operating profit fell short of expectations, and the European business segment remained unprofitable. Furthermore, US tariffs and summer factory shutdowns could negatively affect results in the second half of the year, leading to a significant drop in the company’s stock price after the report.

Portfolio.hu - Üzlet
The stock markets have experienced a significant downturn, making it difficult to recover. uzlet-vallalkozas

The stock markets have experienced a significant downturn, making it difficult to recover.

The Wednesday decline on the US stock market, which resulted in a 1100-point loss for the Dow Jones, or a 2.2% drop, caused unrest in the markets. The S&P 500 and Nasdaq also closed with significant losses. The negative sentiment spread to Asia on Thursday, although Samsung and other technology companies released good earnings reports. Investors are concerned about the future prospects of the AI sector, which led to the initial rise of the Kospi in South Korea, but ultimately reversed course and closed in the red.

Portfolio.hu - Üzlet
Despite the weak construction sector, Masterplast ended the quarter strongly. uzlet-vallalkozas

Despite the weak construction sector, Masterplast ended the quarter strongly.

Masterplast showed growth in revenue and EBITDA in the second quarter compared to the previous year, despite the continued restrained construction environment. The growth was mainly due to core operations, while the HEM effect did not play a significant role. The company’s net profit was profitable, and financial operations also supported this result. Management expects a more moderate growth in the second half of the year, but expects improved operating cash flow.

Portfolio.hu - Üzlet
The new glass wool factory of Masterplast is progressing nicely. uzlet-vallalkozas

The new glass wool factory of Masterplast is progressing nicely.

Masterplast showed growth in revenue and EBITDA for the second quarter, despite the continued challenging environment in the construction sector. The growth was mainly due to core operations and the production of glass wool in Szersz, and not due to the HEM effect. The company ended the period profitably, thanks also to hedging activities. Management, however, expects more moderate growth in the second half of the year, but expects improved operating cash flow.

Portfolio.hu - Üzlet
BMW's profits have declined, and China is increasingly presenting a problem. uzlet-vallalkozas

BMW's profits have declined, and China is increasingly presenting a problem.

BMW sales significantly declined in the second quarter, with revenue down 8 percent and net profit down 35 percent, and operating profit fell to less than half. China remains the biggest problem, with sales down almost a third. After slightly better-than-expected figures, management confirmed a significantly revised annual forecast for June.

Portfolio.hu - Üzlet