FIMA Daily Insight
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FIMA Daily Insight Wednesday, March 18, 2015 Croatia Croatian equities closed lower yesterday with both indices decreasing; CROBEX decreased 0.35% to 1,745.30 pts and blue chip CROBEX 10 declined 0.52% to 1,012.93 pts. Regular ZAGREB STOCK EXCHANGE stock turnover amounted to HRK 6.05 million. (Negative) CROBEX Last 1.745,30 Integrated telecom operator HT (HTRA CZ) topped the liquidity board collecting HRK 1.6 million daily -0,35 in turnover and its price decreased 0.43% to HRK 162.80. YTD -0,01% According to the article published in today´s newspaper Poslovni dnevnik, Podravka CROBEX10 Last 1.012,93 (ZSE:PODR-R-A) is considering share capital increase in the amount EUR 100 mln. The aim of daily -0,52 the share capital increase is to collect funds for new investments; for the acquisition of Zito and for the construction of new Belupo facilities. Podravka said yesterday that formal decision YTD 0,57% on share capital increase is not yet made. According to the media, share capital increase Stock Turnover (EUR m) 0,79 should be complete by the end of the July this year. Share capital increase will be carried out MkCap(%of GDP) 56,91% through Zagreb Stock Exchange and Warsaw Stock Exchange. Podravka will issue new shares and the nominal price will be probably HRK 200 per share. (Positive) Source:www.zse.hr Croatian builder Viadukt [ZSE:VDKT-R-A] said on Tuesday it has signed a EUR 15.7 mln road construction contract with state-owned motorway operator Hrvatske Autoceste (HAC). Viadukt LJUBLJANA STOCK EXCHANGE will perform construction works on the Beli Manastir-Osijek-Svilaj and Drava bridge-Osijek junction sections of the A5 motorway. The works on the road sections, totaling 3.8 km, should SBI TOP Last 811,98 be completed in 730 days. (Positive) daily 0,16% Croatian alcoholic and soft drinks producer Badel 1862 [ZSE:BD62-R-A] said on Tuesday its YTD 3,55% management has decided to relaunch a public call for investors interested in a recapitalization Stock Turnover (EUR m) 1,71 as part of the company's pre-bankruptcy proceedings. The partnership proposals, due by May 18, should outline a five-year business plan while containing a commitment for recapitalization MkCap(%of GDP) 50,95% in cash in the amount of at least HRK 150 mln among other bid requirements. (Positive) Source:www.ljse.si Slovenia Pivovarna Laško (PILR) announced that yesterday the procedure of sale of a total of 75.31% BELGRADE STOCK EXCHANGE stake in the company Radenska to the Czech soft drinks producer Kofola was completed. This BELEX15 Last 653,14 transaction is worth EUR 51.8 mln. Besides that, Pivovarna Laško also received the purchase consideration of EUR 8.2 mln from the sale of 11.85% stake of the company Radenska, which daily -0,44% were temporarily sold on November 30, 2011, by Pivovarna Laško to DBS. Furthermore, YTD -2,08% Pivovarna Laško became 100% owner of the company Delo. (Positive) BELEXline Last 1.342,09 Slovenian state-owned development bank SID Banka said on Tuesday its consolidated net daily -0,38% profit edged down to EUR 4.39 mln in 2014 from EUR 4.4 mln a year earlier. Consolidated net interest income fell 17.8% to EUR 43.7 mln in 2014, while non-interest income declined 39% YTD -0,20% to EUR 17.3 mln, SID Banka said in a financial report. (Neutral) Stock Turnover (EUR m) 0,37 Slovenia's jobless rate increased to 13.5% in January from 13% a month earlier, the country's MkCap(%of GDP) 23,69% statistics office said on Tuesday. (Negative) Source:www.belex.rs Slovenia posted a budget gap of EUR 345.7 mln in February, up from a revised gap of EUR 143.2 mln a month earlier, finance ministry preliminary data indicated on Tuesday. Revenues totalled EUR 590.6 mln and expenditures amounted to EUR 936.3 mln in February. (Negative) BUCHAREST STOCK EXCHANGE The bad loans in Slovenia's banking system totaled EUR 4.38 bln at the end of January, down BET Last 6.995,44 from EUR 4.45 bln at the end of December, data from the country's central bank indicated on daily -0,51% Tuesday. (Positive) YTD -1,24% Serbia BET BK Last 1.330,32 The World Bank said it has approved a EUR 36.2 mln loan for a project in Serbia that should daily -0,65% result in better real estate management services for its citizens and for investors. (Positive) YTD 1,69% Serbia's trade deficit fell 15% to EUR 300.6 mln in January, the country's statistics office said BET TR Last 7.639,24 on Tuesday. (Positive) daily -0,51% Romania YTD -1,24% Romanian property restitution fund Fondul Proprietatea [BSE:FP] repurchased ordinary shares Stock Turnover (EUR m) 7,46 equal to a 0.08% stake for 8.5 million lei between March 9 and 13, the fund said. Fondul MkCap(%of GDP) 21,47% Proprietatea acquired 9.82 million own shares at an average price of around 0.86 lei each. (Positive) Source:www.bvb.ro Banca Transilvania (TLV.RO) announced on Tuesday that it received all approvals from Romania’s Competition Council and the central bank (BNR) to take over Volksbank Romania. (Positive) For more information please contact us via mail [email protected] or on tel. +385 42 66 09 64 1 FIMA Daily Insight Wednesday, March 18, 2015 TOP 5 Companies ZAGREB STOCK EXCHANGE 17 March 2015 turnover (HRK) by price - Gainers (CROBEX) by price - Decliners (CROBEX) Symbol Price Volume (mln) Change Symbol Price Change Symbol Price Change HT-R-A 162,80 1,62 -0,43% VART-R-1 19,74 5,00% PTKM-R-A 18,01 -4,86% ADRS-P-A 347,49 0,77 -1,84% DLKV-R-A 15,53 3,12% VPIK-R-A 77,99 -2,48% BD62-R-A 20,50 0,45 55,30% VDKT-R-A 265,16 3,11% ZABA-R-A 38,00 -2,19% RIVP-R-A 19,04 0,36 -0,57% ATPL-R-A 248,00 2,06% ADRS-P-A 347,49 -1,84% DDJH-R-A 34,90 0,31 0,26% ULPL-R-A 152,10 1,40% ATGR-R-A 892,00 -0,89% TOP 3 Companies LJUBLJANA STOCK EXCHANGE 17 March 2015 turnover (EUR) by price - Gainers by price - Decliners Symbol Price Volume (000) Change Symbol Price Change Symbol Price Change GRVG 5,26 595 -0,75% KRKG 60,98 1,38% SAVA 0,46 -23,00% KRKG 60,98 401 1,38% UKIG 8,00 1,27% CICG 180,00 -2,17% PILR 24,00 229 -0,37% APAG 50,00 0,97% SKDR 54,04 -1,75% TOP 3 Companies BELGRADE STOCK EXCHANGE 17 March 2015 turnover (RSD) by price - Gainers by price - Decliners Symbol Price (RSD) Volume (000) Change Symbol Price Change Symbol Price Change NIIS 631,00 9.277 -1,10% FITO 3.698,00 1,32% BIPB 42,00 -20,75% AERO 1.004,00 5.317 1,01% AERO 1.004,00 1,01% TIGR 44,00 -13,73% ENHL 1.002,00 1.932 0,80% ENHL 1.002,00 0,80% VITL 978,00 -10,52% TOP 3 Companies BUCHAREST STOCK EXCHANGE 17 March 2015 turnover (RON) by price - Gainers by price - Decliners Symbol Price (RON) Volume (000) Change Symbol Price Change Symbol Price Change FP 0,8 9.675 -0,53% PPL 2,300 15,00% PEI 9 -4,56% SNG 33,1 5.859 -0,30% ALR 1,2 10,38% IMP 1,34 -4,29% TLV 2,1 5.666 -1,81% AMO 0,007 3,08% ARTE 7,72 -3,50% For more information please contact us via mail [email protected] or on tel. +385 42 66 09 64 2 % FIMA Daily Insight Wednesday, March 18, 2015 Long-term credit Croatia Slovenia Serbia Romania rating Fitch BB BBB+ B+ BBB- Standard&Poors BB A- BB- BBB- Moody's Ba1 Ba1 B1 Baa3 Exchange rates FX RATE HRK per EUR 0,1306 FX RATE RSD per EUR 0,0086 FX RATE RON per EUR 0,2300 FX RATE EUR per USD 1,3400 Investment stories Hotel Imperial (HIMR-R-A) - privatization process in final stage Telekom Slovenije (TLSG) - privatization process in second stage Corporate events 31.03.2015 Atlantic Group (ATGR-R-A) – audited annual report 2014 10.04.2015 PBZ (PBZ-R-A) – Ex dividend date 13.04.2015 PBZ (PBZ-R-A) – Record date 14.04.2015 PBZ (PBZ-R-A) – Cash dividend: 27,00 HRK For more information please contact us via mail [email protected] or on tel. +385 42 66 09 64 3 FIMA Daily Insight Wednesday, March 18, 2015 CONTACTS FOR INSTITUTIONAL INVESTORS IRENA IVANKOVIĆ [email protected] +38542 66 09 64 DARKO HORVAT [email protected] +38542 66 09 05 TRADING DEPARTMENT: [email protected] +385 42 66 09 60 RESEARCH DEPARTMENT: ANDREJA ŽUPANIĆ [email protected] +385 42 66 09 75 DISCLAIMER FIMA Daily Insight is a daily publication of FIMA Securities Ltd. which comments for the needs of its users dynamics of trading financial instruments on capital markets in the Republic of Croatia, transfers and publishes parts or entire selected news from various publicly available sources and media of interest for the investor community, and offers overview of the selected parameters of financial instruments trading on Zagreb Stock Exchange, as also selected basic macroeconomic indicators.