Profil:
PGE SAStockWatch: PGE power on potential onshore hurdles; PKP Cargo hauler July volumes; Altus on claims;
Warsaw indexes enjoyed another positive session with broad market index setting another record level in a row and large-cap index WIG20 gaining 0.76% and closing at 2,368.03 pts, the highest level since April 2019. Most traded stock, PKO BP bank, gained 2.61%. Main European indexes suffered minor declines.
---------------- PGE - Power group PGE may fail to deliver on its plans to build 150 MW in onshore capacity, a part of the group's strategy to end-2030, if Poland's 10H distancing rule for onshore wind farms is not eased, deputy CEO Pawel Sliwa told a sector event.
PGE will also likely fail to fully deliver on the goal to reduce CO2 emissions by 50% to 2030 unless the 10H criteria are loosened, and will likewise be unable to add 1 GW in new capacities in 2030, VP added.
---------------- PKP CARGO - Listed rail hauler PKP Cargo transported 8 mln tons of cargo in July, up by 14.7% y/y, hiking its market share by 1.2 ppt y/y to 39.4%, the company said in a press release citing stats office GUS data.
In terms of haulage, PKP Cargo enjoyed an increase of 13.7% y/y to 1.9 bln tkm in July, which pushed the market share by 1.3 ppt y/y to 41.4%.
---------------- ALTUS - Investment fund group Altus is seeking PLN 174.5 mln in compensation from publisher Ringier Axel Springer due to the loss of company's value following 2018 publications on Business Insider Polska portal, Altus said in a market filing.
pel/ epo/ kd/ maf
