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FIMA Daily Insight FIMA Daily Insight Tuesday, August 19, 2014 Croatian equities closed higher yesterday with both indices increasing; ZAGREB STOCK EXCHANGE CROBEX increased 0.55% to 1,833.17 pts and blue chip CROBEX 10 CROBEX Last 1.833,17 advanced 0.68% to 1,041.02 pts. Regular stock turnover amounted to HRK 15.2 million. (Positive) daily 0,55 YTD 2,17% Frozen foods producer Ledo (LEDORA CZ) topped the liquidity bord collecting HRK 2.7 million in turnover and its price remained unchanged CROBEX10 Last 1.041,02 HRK 8,850.00. daily 0,68 YTD 4,64% Hrvatski Telekom, Ericsson unit sign 5-yr managed services deal Stock Turnover (EUR m) 1,93 Hrvatski Telekom [ZSE:HT-R-A] has signed a contract with telecoms MkCap(%of GDP) 56,91% equipment manufacturer Ericsson Nikola Tesla [ZSE:ERNT-R-A] which regulates services of construction and maintenance of telecommunications Source:www.zse.hr infrastructure for a five-year period. At the same time, a contract was signed on transfer of HT’s technology unit for the construction and LJUBLJANA STOCK EXCHANGE maintenance which is currently engaged in these activities, given that from SBI TOP Last 790,02 1 September these activities will be performed for HT by Ericsson, one of the strongest companies in this field worldwide. 640 employees who work at daily 0,92% these jobs will be transferred from Hrvatski Telekom into the newly YTD 20,49% established subsidiary of Ericsson Nikola Tesla, a member of the global Stock Turnover (EUR m) 1,82 group Ericsson, named Ericsson Nikola Tesla Servisi d.o.o. (Positive) MkCap(%of GDP) 50,95% The share of non-performing loans (NPLs) in Croatia's banking system Source:www.ljse.si increased to 16.59% of the 279.9 billion kuna ($49.2 billion/36.7 billion euro) total loan portfolio at the end of June from an audited 15.11% in the same period last year, central bank data indicated on Monday. (Negative) BELGRADE STOCK EXCHANGE BELEX15 Last 612,93 Slovenia daily 0,53% Slovenia's average net monthly salary rose by an annual 0.5% in real terms YTD 9,85% to 995.6 euro ($1,327) in June, the country's statistics office said on Monday. (Positive) BELEXline Last 1.222,50 daily 0,66% Serbia YTD 10,64% The passenger traffic at Belgrade's Nikola Tesla airport rose 30% to 2.53 Stock Turnover (EUR m) 0,14 million in the first seven months of 2014, company data indicated. MkCap(%of GDP) 23,69% (Positive) Source:www.belex.rs Romania Romanian state-controlled drug maker Antibiotice [BSE:ATB] said its net BUCHAREST STOCK EXCHANGE profit rose by 6.3% on the year to 18.3 million lei ($5.5 million/4.1 million BET Last 7.067,33 euro) in the first half of 2014. (Positive) daily 1,21% Romanian insolvent power producer Hidroelectrica posted a pretax profit of YTD 8,83% 600 million lei (EUR135.2 million) in the first seven months of 2014 and expects record earnings of over RON1 billion for the full year, the company’s BET BK Last 1.275,26 legal administrator Remus Borza said on Monday. (Positive) daily 0,43% YTD 1,07% Romanian new passenger car sales rose 32.7% to 47,857 units in the January-July period, from 36,069 units a year earlier, the Automotive BET C Last 1.047,25 Manufacturers and Importers Association, or APIA, said Monday. (Positive) daily 1,14% Romanian aluminium smelter Alro [BSE:ALR] said it turned to a consolidated YTD -68,69% net loss of 138.4 million lei ($41.8 million/31.2 million euro) in the first half Stock Turnover (EUR m) 7,31 of 2014 from a net profit of 60 million lei a year earlier, as revenues fell MkCap(%of GDP) 21,47% mainly on lower aluminium prices. (Negative) Source:www.bvb.ro f For more information please contact us via mail [email protected] or on tel. +385 42 66 09 64 1 FIMA Daily Insight Tuesday, August 19, 2014 TOP 5 Companies ZAGREB STOCK EXCHANGE 18 August 2014 turnover (HRK) by price - Gainers (CROBEX) by price - Decliners (CROBEX) Symbol Price Volume (mln) Change Symbol Price Change Symbol Price Change LEDO-R-A 8.850,00 2,68 0,00% BLJE-R-A 45,88 5,62% KRAS-R-A 330,02 -2,94% KORF-R-A 214,60 2,47 -0,19% VPIK-R-A 86,10 4,87% ZABA-R-A 34,00 -2,30% PODR-R-A 297,70 2,22 0,39% INGR-R-A 2,23 4,21% KORF-R-A 214,60 -0,19% HT-R-A 151,01 1,29 1,58% ATPL-R-A 362,90 2,52% LKRI-R-A 74,51 -0,01% ADPL-R-A 133,59 1,14 1,21% PTKM-R-A 39,00 2,50% INA-R-A 4.020,00 0,00% TOP 3 Companies LJUBLJANA STOCK EXCHANGE 18 August 2014 turnover (EUR) by price - Gainers by price - Decliners Symbol Price Volume (000) Change Symbol Price Change Symbol Price Change KRKG 63,00 430 0,08% SKDR 72,00 10,77% SAVA 0,70 -22,22% MELR 85,00 381 0,00% CICG 158,00 3,91% TCRG 43,00 -1,17% CICG 158,00 337 3,91% LKPG 23,00 3,00% 0 0,00 0,00% TOP 3 Companies BELGRADE STOCK EXCHANGE 18 August 2014 turnover (RSD) by price - Gainers by price - Decliners Symbol Price (RSD) Volume (mln) Change Symbol Price Change Symbol Price Change NIIS 897,00 9.062 0,67% BMBI 45.000,00 7,14% DINNPB 1.550,00 -8,55% SJPT 612,00 863 2,17% AERO 630,00 2,44% VZAS 343,00 -0,29% AERO 630,00 822 2,44% SJPT 612,00 2,17% IMLK 4.501,00 -0,09% TOP 3 Companies BUCHAREST STOCK EXCHANGE 18 August 2014 turnover (RON) by price - Gainers by price - Decliners Symbol Price (RON) Volume (000) Change Symbol Price Change Symbol Price Change SNG 35,80 6.232 1,13% ARM 0,113 14,91% SRT 0,009 -8,16% TEL 23,25 6.059 3,33% AMO 0,012 14,15% TRP 0,25 -7,24% FP 0,87 4.975 0,92% SNO 1,681 6,33% SIF3 0,3008 -2,97% For more information please contact us via mail [email protected] or on tel. +385 42 66 09 64 2 FIMA Daily Insight Tuesday, August 19, 2014 Unemployment & CPI GDP 30,0% 4,0 25,0% 3,0 20,0% 2,0 15,0% % 1,0 % 10,0% 0,0 5,0% -1,0 0,0% -2,0 -5,0% Croatia Slovenia Serbia Romania Croatia Slovenia Serbia Romania GDP 2013 GDP 1Q 2014 2014e Unemployment May 2014 CPI June 2014 m/m 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 Petrokemija (PTKM-R-A) – recapitalization Corporate events 20.08.2014. Valamar Adria Holding (KORF) – General meeting 27.08.2014. Ledo (LEDO) – Ex dividend date For more information please contact us via mail [email protected] or on tel. +385 42 66 09 64 3 FIMA Daily Insight Tuesday, August 19, 2014 CONTACTS FOR INSTITUTIONAL INVESTORS IRENA FIŠTREK [email protected] +385 42 66 09 64 KREŠIMIR ČULO [email protected] +385 1 63 98 357 TRADING DEPARTMENT: [email protected] +385 42 66 09 60 RESEARCH DEPARTMENT: NIKOLA BAKŠAJ [email protected] +385 42 66 09 74 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. The content uses publicly available records published by the selected relevant sources and public information services (Zagreb Stock Exchange, Bloomberg, Reuters, publicly available financial reports of the Issuer, publicly available opinions of representatives of the Issuers etc.). Although we believe that the stated information and other records are reliable, we do not guarantee for their accuracy, completeness or timeliness. The publication has been of informative character and may not be deemed to be an invitation for purchase or sale of financial instruments being mentioned in it. Prices of financial instruments, and there from also return on investment from financial instruments may vary and cause profit or loss. Investment in financial instruments commented in this publication include certain risk (more about risks available in General Operating Conditions at Internet page (http://www.fima-vrijednosnice.hr/UserDocsImages/General%20conditions_FMVR%20novo.pdf), financial instruments are not necessarily available in all legal-regulatory environments, they may be illiquid and may be inadequate for some investors. Value or profit realized based on any financial instrument may vary and/or be under the influence of exchange rate differentials and other risks. Investment returns from the history are not indicators of future returns. Investors should independently make their decisions on investment, without relying on this publication.
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