GPW: Growing Number Of Analytical Coverage Support Programme 3.0 Participants

The Analytical Coverage Support Programme 3.0 for the years 2021 – 2023, covering 65 companies listed on the Main Market and NewConnect, has started on 1 July 2021
By decision of the GPW Management Board, four companies have been added to the list including: AGORA S.A., AMBRA S.A., MOSTOSTAL ZABRZE S.A., KORPORACJA KGL S.A.

The Exchange’s Analytical Coverage Support Programme 3.0 supports investment firms in drafting analytical reports which are financed by GPW. The objective of the Programme is to improve the availability of research covering less liquid companies, facilitating investors’ informed investment decisions based on a reliable independent source of issuer information. To date, 65 companies listed on the Main Market (59 issuers) and NewConnect (6 issuers) have been approved for participation in the Programme.

“Within its two years in operation, the Analytical Coverage Support Programme has met its objectives. With the modifications we have introduced in dialogue with market representatives, the next edition of the Programme covers 65 companies listed on the Main Market and NewConnect in different sectors and with different capitalisations. The vast majority (47 companies) have never been covered by professional research or have only been covered in previous editions of the Programme,” said Izabela Olszewska, Member of the GPW Management Board.

Companies participating in the Analytical Coverage Support Programme 3.0 represent 24 sectors, more than a half of all the sectors present on the Warsaw Stock Exchange, in particular construction (12 companies), gaming (7), and IT (7). The capitalisation of the Programme participants ranges from approx. PLN 51 million to approx. PLN 2.03 billion; the average capitalisation is approx. PLN 411 million (as at 31 May 2021).

List of companies approved for the Analytical Coverage Support Programme and list of investment firms whose analysts will prepare their research reports:

No.	Company	Investment Firm
1.	ACTION S.A.	Dom Maklerski Banku Ochrony Środowiska
2.	AGORA S.A.	Millennium Dom Maklerski
3.	AILLERON S.A.	Noble Securities
4.	AMBRA S.A.	Millennium Dom Maklerski
5.	APLISENS S.A.	Noble Securities
6.	ARTIFEX MUNDI S.A.	Trigon Dom Maklerski
7.	ATM GRUPA S.A.	IPOPEMA Securities
8.	BIOMAXIMA S.A.	Dom Maklerski Banku Ochrony Środowiska
9.	BIOTON S.A.	Noble Securities
10.	BRAND 24 S.A.	Dom Maklerski Banku Ochrony Środowiska
11.	CAPTOR THERAPEUTICS S.A.	Trigon Dom Maklerski
12.	COGNOR HOLDING S.A.	mBank
13.	CREATIVEFORGE GAMES S.A.	Dom Maklerski BDM
14.	DADELO S.A.	Trigon Dom Maklerski
15.	DATAWALK S.A.	Dom Maklerski Banku Ochrony Środowiska
16.	ELEKTROTIM S.A.	Dom Maklerski BDM
17.	ENTER AIR S.A.	Dom Maklerski BDM
18.	ESOTIQ & HENDERSON S.A.	Dom Maklerski BDM
19.	FABRYKA FARB I LAKIERÓW ŚNIEŻKA S.A.	IPOPEMA Securities
20.	FERRO S.A.	Dom Maklerski Banku Ochrony Środowiska
21.	FOREVER ENTERTAINMENT S.A.	Dom Maklerski BDM
22.	GAMIVO S.A.	Trigon Dom Maklerski
23.	GRODNO S.A.	Dom Maklerski Banku Ochrony Środowiska
24.	IMC S.A.	Biuro Maklerskie Pekao
25.	K2 HOLDING S.A.	Trigon Dom Maklerski
26.	KORPORACJA KGL S.A.	Millennium Dom Maklerski
27.	KRYNICKI RECYKLING S.A.	Noble Securities
28.	LSI SOFTWARE S.A.	Dom Maklerski Banku Ochrony Środowiska
29.	MCI CAPITAL ALTERNATYWNA SPÓŁKA INWESTYCYJNA S.A.	Noble Securities
30.	MEDICALGORITHMICS S.A.	Biuro Maklerskie Pekao
31.	MFO S.A.	Trigon Dom Maklerski
32.	MIRBUD S.A.	IPOPEMA Securities
33.	ML SYSTEM S.A.	IPOPEMA Securities
34.	MLP GROUP S.A.	Biuro Maklerskie PKO Banku Polskiego
35.	MONNARI TRADE S.A.	DOM MAKLERSKI BANKU BPS
36.	MOSTOSTAL ZABRZE S.A.	Millennium Dom Maklerski
37.	NTT SYSTEM S.A.	DOM MAKLERSKI BANKU BPS
38.	ONCOARENDI THERAPEUTICS S.A.	IPOPEMA Securities
39.	OPONEO.PL S.A.	Biuro Maklerskie PKO Banku Polskiego
40.	POINTPACK S.A.	IPOPEMA Securities
41.	POZBUD S.A.	mBank
42.	POZNAŃSKA KORPORACJA BUDOWLANA PEKABEX S.A.	Biuro Maklerskie PKO Banku Polskiego
43.	PROCHEM S.A.	DOM MAKLERSKI BANKU BPS
44.	PROTEKTOR S.A.	DOM MAKLERSKI BANKU BPS
45.	QUERCUS TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH S.A.	Dom Maklerski BDM
46.	R22 S.A.	Trigon Dom Maklerski
47.	RAINBOW TOURS S.A.	Biuro Maklerskie Pekao
48.	RELPOL S.A.	Dom Maklerski BDM
49.	RYVU THERAPEUTICS S.A.	Biuro Maklerskie Pekao
50.	Selena FM S.A.	Dom Maklerski BDM
51.	SFD S.A.	IPOPEMA Securities
52.	SIMFABRIC S.A.	Dom Maklerski BDM
53.	SONEL S.A.	Noble Securities
54.	SYGNITY S.A.	mBank
55.	SYNEKTIK S.A.	IPOPEMA Securities
56.	TIM S.A.	Noble Securities
57.	ULTIMATE GAMES S.A.	IPOPEMA Securities
58.	UNIBEP S.A.	DOM MAKLERSKI BANKU BPS
59.	UNIMOT S.A.	Dom Maklerski Banku Ochrony Środowiska
60.	VIGO SYSTEM S.A.	IPOPEMA Securities
61.	VIVID GAMES S.A.	DOM MAKLERSKI BANKU BPS
62.	VOTUM S.A.	Dom Maklerski Banku Ochrony Środowiska
63.	VOXEL S.A.	Dom Maklerski Banku Ochrony Środowiska
64.	WIELTON S.A.	Trigon Dom Maklerski
65.	X-TRADE BROKERS DOM MAKLERSKI S.A.	Trigon Dom Maklerski

Eligible to enrol in the 2021-2023 edition of the Programme are companies listed on the Main Market and NewConnect as at 31 May 2021 (other than WIG20 participants) which have not been covered by analysts in the last 12 months or have been covered by no more than one analyst (covered by reports including valuation and indicative recommendations). Additional criteria include company capitalisation of at least PLN 50 million (as at 31 May 2021) and free float over 20% (as at 31 May 2021). The specific selection criteria for participants are defined in the Programme regulations available at www.gpw.pl/gpwpa.

Analytical reports prepared in Programme 1.0 and Programme 2.0 are available on the GPW website and the websites of Exchange Members, and are distributed by the biggest local and international agencies and industry media. More than 750 analytical reports have been published in the Programme in 2019-2021.