{"id":102949,"date":"2024-09-26T10:27:27","date_gmt":"2024-09-26T07:27:27","guid":{"rendered":"https:\/\/banknews.gr\/?p=102949"},"modified":"2024-09-26T10:27:27","modified_gmt":"2024-09-26T07:27:27","slug":"titan-%ce%b1%cf%85%ce%be%ce%ac%ce%bd%ce%b5%ce%b9-%cf%83%cf%84%ce%b1-41-%ce%b5%cf%85%cf%81%cf%8e-%cf%84%ce%b7%ce%bd-%cf%84%ce%b9%ce%bc%ce%ae-%cf%83%cf%84%cf%8c%cf%87%ce%bf-%ce%b7-nbg-securities","status":"publish","type":"post","link":"https:\/\/banknews.gr\/?p=102949","title":{"rendered":"Titan: \u0391\u03c5\u03be\u03ac\u03bd\u03b5\u03b9 \u03c3\u03c4\u03b1 41 \u03b5\u03c5\u03c1\u03ce \u03c4\u03b7\u03bd \u03c4\u03b9\u03bc\u03ae \u03c3\u03c4\u03cc\u03c7\u03bf \u03b7 NBG Securities &#8211; \u0394\u03b9\u03b1\u03c4\u03b7\u03c1\u03b5\u03af \u03c4\u03b7\u03bd \u03c3\u03cd\u03c3\u03c4\u03b1\u03c3\u03b7 outperform"},"content":{"rendered":"<p>\u03a3\u03b5\u00a0<strong>\u03b1\u03bd\u03b1\u03b2\u03ac\u03b8\u03bc\u03b9\u03c3\u03b7<\/strong>\u00a0\u03c4\u03b7\u03c2 \u03c4\u03b9\u03bc\u03ae\u03c2 \u03c3\u03c4\u03cc\u03c7\u03bf\u03c5 \u03c4\u03b7\u03c2\u00a0<strong>Titan<\/strong>\u00a0\u03c0\u03c1\u03bf\u03c7\u03ce\u03c1\u03b7\u03c3\u03b5 \u03b7\u00a0<strong>NBG Securities<\/strong>, \u03c3\u03c4\u03b1 41 \u03b5\u03c5\u03c1\u03ce \u03b1\u03c0\u03cc 38,2 \u03b5\u03c5\u03c1\u03ce \u03c0\u03c1\u03bf\u03b7\u03b3\u03bf\u03c5\u03bc\u03ad\u03bd\u03c9\u03c2, \u03bc\u03b5 \u03c4\u03bf \u03c0\u03b5\u03c1\u03b9\u03b8\u03ce\u03c1\u03b9\u03bf \u03b1\u03bd\u03cc\u03b4\u03bf\u03c5 (<strong>upside<\/strong>) \u03bd\u03b1 \u03ba\u03b1\u03b8\u03bf\u03c1\u03af\u03b6\u03b5\u03c4\u03b1\u03b9 \u03c3\u03c4\u03bf 20% \u03b1\u03c0\u03cc \u03c4\u03b1 \u03c4\u03c1\u03ad\u03c7\u03bf\u03bd\u03c4\u03b1 \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03b1 (34,05 \u03b5\u03c5\u03c1\u03ce). \u03a0\u03b1\u03c1\u03ac\u03bb\u03bb\u03b7\u03bb\u03b1, \u03b7 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03b9\u03c3\u03c4\u03b7\u03c1\u03b9\u03b1\u03ba\u03ae \u03b4\u03b9\u03b1\u03c4\u03b7\u03c1\u03b5\u03af \u03b1\u03bc\u03b5\u03c4\u03ac\u03b2\u03bb\u03b7\u03c4\u03bf \u03c4\u03bf rating \u03c3\u03b5\u00a0<strong>outperform<\/strong>\u00a0(\u03c5\u03c0\u03b5\u03c1\u03b1\u03c0\u03cc\u03b4\u03bf\u03c3\u03b7).<\/p>\n<p>\u038c\u03c0\u03c9\u03c2 \u03b5\u03c0\u03b9\u03c3\u03b7\u03bc\u03b1\u03af\u03bd\u03b5\u03b9 \u03bf \u03b1\u03bd\u03b1\u03bb\u03c5\u03c4\u03ae\u03c2 \u03c4\u03b7\u03c2 NBG, \u03c3\u03c4\u03bf report \u03c4\u03bf\u03c5 \u03bc\u03b5 \u03c4\u03af\u03c4\u03bb\u03bf:\u00a0<strong>The Best is Yet to Come<\/strong>\u00a0(\u03a4\u03b1 \u03ba\u03b1\u03bb\u03cd\u03c4\u03b5\u03c1\u03b1 \u03ad\u03c1\u03c7\u03bf\u03bd\u03c4\u03b1\u03b9) \u00ab\u03b5\u03bd\u03ce \u03c3\u03c5\u03bd\u03b5\u03c7\u03af\u03b6\u03bf\u03c5\u03bc\u03b5 \u03bd\u03b1 \u03b1\u03c0\u03bf\u03c4\u03b9\u03bc\u03bf\u03cd\u03bc\u03b5 \u03c4\u03b7\u03bd Titan \u03c7\u03c1\u03b7\u03c3\u03b9\u03bc\u03bf\u03c0\u03bf\u03b9\u03ce\u03bd\u03c4\u03b1\u03c2 \u03ad\u03bd\u03b1 \u03bc\u03bf\u03bd\u03c4\u03ad\u03bb\u03bf \u03b2\u03b1\u03c3\u03b9\u03c3\u03bc\u03ad\u03bd\u03bf \u03c3\u03c4\u03bf Sum-of-Parts (<strong>SoP<\/strong>) \u03c3\u03b5 \u03c3\u03c5\u03bd\u03b4\u03c5\u03b1\u03c3\u03bc\u03cc \u03bc\u03b5 \u03c4\u03b9\u03c2 \u03c0\u03c1\u03bf\u03b5\u03be\u03bf\u03c6\u03bb\u03b7\u03bc\u03ad\u03bd\u03b5\u03c2 \u03c4\u03b1\u03bc\u03b5\u03b9\u03b1\u03ba\u03ad\u03c2 \u03c1\u03bf\u03ad\u03c2 (<strong>DCF<\/strong>), \u03c0\u03bb\u03ad\u03bf\u03bd \u03b5\u03c6\u03b1\u03c1\u03bc\u03cc\u03b6\u03bf\u03c5\u03bc\u03b5 \u03bc\u03af\u03b1 \u03b1\u03bd\u03b1\u03bb\u03bf\u03b3\u03af\u03b1 50\/50 (\u03c0\u03b1\u03bb\u03b1\u03b9\u03cc\u03c4\u03b5\u03c1\u03b1 30\/70), \u03ba\u03b1\u03b8\u03ce\u03c2 \u03c4\u03ce\u03c1\u03b1 \u03b7\u00a0<strong>\u03bf\u03c1\u03b1\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1<\/strong>\u00a0\u03b5\u03af\u03bd\u03b1\u03b9 \u03c5\u03c8\u03b7\u03bb\u03ae\u00bb.<\/p>\n<p>\u03a4\u03bf SoP \u03b4\u03af\u03bd\u03b5\u03b9 \u03c4\u03b9\u03bc\u03ae \u03c3\u03c4\u03cc\u03c7\u03bf\u00a0<strong>44,20 \u03b5\u03c5\u03c1\u03ce<\/strong>\u00a0(30% upside) \u03c4\u03bf DCF\u00a0<strong>37,80 \u03b5\u03c5\u03c1\u03ce<\/strong>\u00a0(11% upside), \u03bc\u03b5 \u03c4\u03b7\u03bd \u03c3\u03c4\u03b1\u03b8\u03bc\u03b9\u03c3\u03bc\u03ad\u03bd\u03b7 \u03c4\u03b9\u03bc\u03ae \u03c3\u03c4\u03cc\u03c7\u03bf \u03c4\u03b7\u03c2 NBG \u03bd\u03b1 \u03c5\u03c0\u03bf\u03bb\u03bf\u03b3\u03af\u03b6\u03b5\u03c4\u03b1\u03b9 \u03c0\u03bb\u03ad\u03bf\u03bd \u03c3\u03c4\u03b1\u00a0<strong>41 \u03b5\u03c5\u03c1\u03ce<\/strong> (20% upside).<\/p>\n<p>\u03a3\u03cd\u03bc\u03c6\u03c9\u03bd\u03b1 \u03bc\u03b5 \u03c4\u03b7\u03bd \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03b9\u03c3\u03c4\u03b7\u03c1\u03b9\u03b1\u03ba\u03ae, \u03b7 Titan \u03b5\u03be\u03b1\u03ba\u03bf\u03bb\u03bf\u03c5\u03b8\u03b5\u03af \u03bd\u03b1 \u03b4\u03b9\u03b1\u03c0\u03c1\u03b1\u03b3\u03bc\u03b1\u03c4\u03b5\u03cd\u03b5\u03c4\u03b1\u03b9 \u03bc\u03b5\u00a0<strong>\u03b1\u03b4\u03b9\u03ba\u03b1\u03b9\u03bf\u03bb\u03cc\u03b3\u03b7\u03c4\u03bf discount \u03c4\u03b7\u03c2 \u03c4\u03ac\u03be\u03b7\u03c2 \u03c4\u03bf\u03c5 9%<\/strong> \u03ba\u03b1\u03c4\u03ac \u03bc\u03ad\u03c3\u03bf \u03cc\u03c1\u03bf \u03c3\u03b5 \u03c3\u03cd\u03b3\u03ba\u03c1\u03b9\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03bf\u03c5\u03c2 \u03b1\u03bd\u03c4\u03b1\u03b3\u03c9\u03bd\u03b9\u03c3\u03c4\u03ad\u03c2 \u03c4\u03b7\u03c2.<\/p>\n<p>\u03a0\u03c1\u03bf\u03c3\u03c6\u03ad\u03c1\u03b5\u03b9 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03c3\u03c7\u03b5\u03c4\u03b9\u03ba\u03ac\u00a0<strong>\u03c5\u03c8\u03b7\u03bb\u03cc\u03c4\u03b5\u03c1\u03b7 \u03bc\u03b5\u03c1\u03b9\u03c3\u03bc\u03b1\u03c4\u03b9\u03ba\u03ae \u03b1\u03c0\u03cc\u03b4\u03bf\u03c3\u03b7 (3,3%)<\/strong>\u00a0\u03ba\u03b1\u03b9 \u03c0\u03b1\u03c1\u03cc\u03bc\u03bf\u03b9\u03bf \u03c0\u03c1\u03bf\u03c6\u03af\u03bb \u03bc\u03cc\u03c7\u03bb\u03b5\u03c5\u03c3\u03b7\u03c2 (0,8x \u03b3\u03b9\u03b1 \u03c4\u03bf\u03c5\u03c2 \u03bf\u03bc\u03bf\u03c4\u03af\u03bc\u03bf\u03c5\u03c2 \u03ba\u03b1\u03b9 \u03c4\u03b7\u03bd Titan \u03c4\u03bf 2025).<\/p>\n<p>\u03a4\u03bf \u03b5\u03bd\u03b4\u03b9\u03b1\u03c6\u03ad\u03c1\u03bf\u03bd \u03c4\u03c9\u03bd \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03ce\u03bd \u03b1\u03bd\u03c4\u03b1\u03bd\u03b1\u03ba\u03bb\u03ac\u03c4\u03b1\u03b9 \u03c3\u03c4\u03b7\u03bd \u03b1\u03c0\u03cc\u03b4\u03bf\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03c4\u03b9\u03bc\u03ae\u03c2 \u03c4\u03b7\u03c2 \u03bc\u03b5\u03c4\u03bf\u03c7\u03ae\u03c2, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03bd\u03b9\u03c3\u03c7\u03cd\u03b5\u03c4\u03b1\u03b9 \u03ba\u03b1\u03c4\u03ac\u00a0<strong>+59%<\/strong>\u00a0\u03c6\u03ad\u03c4\u03bf\u03c2 (ytd), \u03be\u03b5\u03c0\u03b5\u03c1\u03bd\u03ce\u03bd\u03c4\u03b1\u03c2 \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03ac \u03c4\u03bf\u03c5\u03c2 \u03b1\u03bd\u03c4\u03b1\u03b3\u03c9\u03bd\u03b9\u03c3\u03c4\u03ad\u03c2 \u03c4\u03b7\u03c2 (<strong>+22%<\/strong>\u00a0ytd) \u03ba\u03b1\u03b9 \u03c4\u03bf\u03bd \u0393\u03b5\u03bd\u03b9\u03ba\u03cc \u0394\u03b5\u03af\u03ba\u03c4\u03b7 \u03c4\u03bf\u03c5 \u03a7.\u0391. (<strong>+13%<\/strong>\u00a0ytd).<\/p>\n<div class=\"mid-banner\">\n<div id=\"inart3\" class=\"sticky-banner\">\n<div id=\"div-gpt-ad-6428470-4\" data-oau-code=\"\/74904342\/Mobile_article_2\" data-lazyloaded-by-ocm=\"\"><\/div>\n<\/div>\n<\/div>\n<div class=\"mid-banner\">\n<div id=\"inart7\" class=\"\">\n<div id=\"div-gpt-ad-nmin-1\" data-oau-code=\"\/74904342\/In_article_1\" data-lazyloaded-by-ocm=\"\" data-google-query-id=\"CPW1sY-K4IgDFTIGVQgdecIwSA\"><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u03a3\u03b5\u00a0\u03b1\u03bd\u03b1\u03b2\u03ac\u03b8\u03bc\u03b9\u03c3\u03b7\u00a0\u03c4\u03b7\u03c2 \u03c4\u03b9\u03bc\u03ae\u03c2 \u03c3\u03c4\u03cc\u03c7\u03bf\u03c5 \u03c4\u03b7\u03c2\u00a0Titan\u00a0\u03c0\u03c1\u03bf\u03c7\u03ce\u03c1\u03b7\u03c3\u03b5 \u03b7\u00a0NBG Securities, \u03c3\u03c4\u03b1 41 \u03b5\u03c5\u03c1\u03ce \u03b1\u03c0\u03cc 38,2 \u03b5\u03c5\u03c1\u03ce \u03c0\u03c1\u03bf\u03b7\u03b3\u03bf\u03c5\u03bc\u03ad\u03bd\u03c9\u03c2, \u03bc\u03b5 \u03c4\u03bf \u03c0\u03b5\u03c1\u03b9\u03b8\u03ce\u03c1\u03b9\u03bf \u03b1\u03bd\u03cc\u03b4\u03bf\u03c5 (upside) \u03bd\u03b1 \u03ba\u03b1\u03b8\u03bf\u03c1\u03af\u03b6\u03b5\u03c4\u03b1\u03b9 \u03c3\u03c4\u03bf 20% \u03b1\u03c0\u03cc \u03c4\u03b1 \u03c4\u03c1\u03ad\u03c7\u03bf\u03bd\u03c4\u03b1 \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03b1 (34,05 \u03b5\u03c5\u03c1\u03ce). \u03a0\u03b1\u03c1\u03ac\u03bb\u03bb\u03b7\u03bb\u03b1, \u03b7 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03b9\u03c3\u03c4\u03b7\u03c1\u03b9\u03b1\u03ba\u03ae \u03b4\u03b9\u03b1\u03c4\u03b7\u03c1\u03b5\u03af \u03b1\u03bc\u03b5\u03c4\u03ac\u03b2\u03bb\u03b7\u03c4\u03bf \u03c4\u03bf rating \u03c3\u03b5\u00a0outperform\u00a0(\u03c5\u03c0\u03b5\u03c1\u03b1\u03c0\u03cc\u03b4\u03bf\u03c3\u03b7). \u038c\u03c0\u03c9\u03c2 \u03b5\u03c0\u03b9\u03c3\u03b7\u03bc\u03b1\u03af\u03bd\u03b5\u03b9 \u03bf \u03b1\u03bd\u03b1\u03bb\u03c5\u03c4\u03ae\u03c2 \u03c4\u03b7\u03c2 NBG, \u03c3\u03c4\u03bf report \u03c4\u03bf\u03c5 \u03bc\u03b5 \u03c4\u03af\u03c4\u03bb\u03bf:\u00a0The Best is Yet to Come\u00a0(\u03a4\u03b1 \u03ba\u03b1\u03bb\u03cd\u03c4\u03b5\u03c1\u03b1 \u03ad\u03c1\u03c7\u03bf\u03bd\u03c4\u03b1\u03b9) \u00ab\u03b5\u03bd\u03ce [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":102948,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[717,61],"class_list":["post-102949","post","type-post","status-publish","format-standard","has-post-thumbnail","category-1","tag-titan","tag-top1"],"_links":{"self":[{"href":"https:\/\/banknews.gr\/index.php?rest_route=\/wp\/v2\/posts\/102949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banknews.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banknews.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banknews.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/banknews.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=102949"}],"version-history":[{"count":1,"href":"https:\/\/banknews.gr\/index.php?rest_route=\/wp\/v2\/posts\/102949\/revisions"}],"predecessor-version":[{"id":102950,"href":"https:\/\/banknews.gr\/index.php?rest_route=\/wp\/v2\/posts\/102949\/revisions\/102950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/banknews.gr\/index.php?rest_route=\/wp\/v2\/media\/102948"}],"wp:attachment":[{"href":"https:\/\/banknews.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=102949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banknews.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=102949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banknews.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=102949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}