DAILY NEWS Nova Verzija 2011.Xlsm
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Trading Summary First Quarter of 2017
Trading Summary First quarter of 2017 Zagreb, April 2017. This publication was prepared and published by the Zagreb Stock Exchange Inc., Ivana Lučića 2a/22, Zagreb (hereinafter: Exchange). The publication is intended to provide information to the public and shall not be deemed to constitute an offer or invitation to buy or advice on trade or investment in financial instruments or opinion on the terms of the purchase or sale of any financial instrument mentioned therein whether favourable or not, nor should it be relied on as a substitute for own judgement or assessment by any user of this publication. The Exchange waives responsibility and liability for any damage which might arise out of the use of information contained therein. Further use of information available in this publication is permitted by the Exchange provided that the source is cited. Copyright © 2017. Zagreb Stock Exchange Zagreb Ivana Lučića 2a/22 All rights reserved. Content: 1 TRADING .................................................................................................................................. 1 1.1 COMPARISION WITH PREVIOUS QUARTER .............................................................................................................. 1 1.2 COMPARISON WITH PREVIOUS YEAR ..................................................................................................................... 2 1.3 MONTHLY TRADING OVERVIEW ........................................................................................................................... 4 -
Possibilities of Applying Markowitz Portfolio Theory on the Croatian Capital Market
POSSIBILITIES OF APPLYING MARKOWITZ PORTFOLIO THEORY ON THE CROATIAN CAPITAL MARKET Dubravka Pekanov Starčević, Ph.D. J. J. Strossmayer University of Osijek, Faculty of Economics in Osijek E-mail: [email protected] Ana ZRNIć, Ph.D. Student, J. J. Strossmayer University of Osijek, Faculty of Economics in Osijek E-mail: [email protected] Tamara Jakšić, BEcon, student J. J. Strossmayer University of Osijek, Faculty of Economics in Osijek E-mail: [email protected] POSSIBILITIES OF APPLYING MARKOWITZ PORTFOLIO THEORY ON THE CROATIAN CAPITAL... MARKOWITZ PORTFOLIO THEORY ON THE CROATIAN POSSIBILITIES OF APPLYING Abstract In order to achieve the maximum possible profit by taking the lowest possible risk, investors build a stock portfolio consisting of a specific number of stocks which, according to the principle of diversification, significantly reduce the risk of loss. To build a portfolio, in developed capital markets investors have used the Markowitz portfolio optimization model for many years that enables us to find an optimal risk-return trade-off by selecting certain stock combinations. Despite the development of the Zagreb Stock Exchange, i.e., the central trading venue in the Republic of Croatia, the Croatian capital market is still under- developed. It is characterized by numerous shortcomings such as low liquidity, lack of transparency, high stock price volatility and insufficient traffic. Accord- ingly, the aim of this paper is to provide an insight into the functioning of the Dubravka Pekanov Starčević • Ana Zrnić • Tamara Jakšić: Dubravka Pekanov Starčević • Ana Zrnić Tamara 520 Croatian capital market and to examine the possibility of building an optimal stock portfolio by using the Markowitz model. -
Beat Project
BEAT PROJECT WP 3 – Cross Border cluster development on maritime technologies/Blue Technologies for knowledge sharing Activity 3.1. Assessment of conditions for transnational cluster development_DM 3.1.2 List of Organizations European Regional Development Fund www.italy-croatia.eu/acronym CROATIANS COMPANIES ............................................................................................................................................ 3 SHIPPING (SEA) ............................................................................................................................................................... 3 SHIP AND CARGO AGENTS .............................................................................................................................................. 5 CREW AND VESSEL MANAGEMENT .............................................................................................................................. 10 MOORING, PILOT AND TUG SERVICES .......................................................................................................................... 15 PORT OPERATORS ......................................................................................................................................................... 17 CARGO CONTROL AND INSPECTION ............................................................................................................................. 19 SHIP INSPECTION ......................................................................................................................................................... -
FIMA Daily Insight
FIMA Daily Insight IN FOCUS - ZAGREB STOCK EXCHANGE January 8, 2013 Stocks on ZSE traded higher today. CROBEX increased 0.24% to ZSE STOCK MARKET 1,808.40 pts while blue chip CROBEX10 gained 0.21% to 1,010.86 pts. CROBEX Last 1.808,4 Regular stock turnover amounted to HRK 14.4 million. % daily 0,24% Integrated telecom HT (HTRA CZ) topped the liquidity board collecting % YTD 3,91% HRK 4.3 million in turnover. The price increased 0.9% to HRK 210.70. CROBEX10 last 1010,9 Fertilizers producer Petrokemija (PTKMRA CZ) also came to focus again % daily 0,21% with HRK 1.5 million in turnover while price gained 5.5% to HRK 240.0. % YTD 4,05% Petrokemija was in investors’ focus few months ago, after speculations on Government selling its share of 1.7 million shares (50.6% of capital). Stock Turnov er (HRK m) 14,37 A few days ago Mladen Pejnović, head of the State Office for State Total MCAP (HRK bn) 194,39 Property Management confirmed government’s plans to privatize Source: w w w .zse.hr Petrokemija. Auto-parts producer AD Plastik (ADPLRA CZ) came to focus trading in -4,0% -2,0% 0,0% 2,0% 4,0% 6,0% blocks. The price advanced 1% to HRK 115.99 on HRK 1.3 million in PTKM-R-A ATPL-R-A turnover. AD Plastik currently trades at P/E=7.7, P/S=0.7 and DDJH-R-A P/Bv=0.7. VPIK-R-A LKPC-R-A Tobacco and tourism Adris group preferred share (ADRSPA CZ) was VIRO-R-A KORF-R-A also in investors’ focus with HRK 0.7 million in turnover while price KNZM-R-A slipped 1.3% to HRK 262.20. -
FIMA Daily Insight
FIMA Daily Insight IN FOCUS - ZAGREB STOCK EXCHANGE March 16, 2012 Croatian equities recorded an upward movement today; CROBEX ZSE STOCK MARKET gained 0.74% to 1,844.03 pts while blue chip CROBEX10 accelerated CROBEX Last 1.844,0 0.41% to 1,008.60 pts. Total turnover of the day reached HRK 30.4 % daily 0,74% million. % YTD 5,97% Integrated telecom operator HT (HTRA CZ) topped the liquidity board CROBEX10 last 1008,6 as usual with HRK 5.6 million in turnover and increasing 0.49% to HRK % daily 0,41% 216.05. % YTD 3,32% Construction engineering company Ingra (INGRRA CZ) followed Stock Turnov er (HRK m) 30,44 collecting HRK 2.3 million in turnover and advancing 2.9% to HRK 8.40. Total MCAP (HRK bn) 187,00 Frozen foods producer Ledo (LEDORA CZ) came to focus with HRK 2.1 Source: w w w .zse.hr million in turnover while price accelerated 2.33% to HRK 6,049.97. Other companies from Agrokor concern were among better performers today. Agricultural producer Vupik (VPIKRA CZ) and kiosk chain Tisak -10,0% -5,0% 0,0% 5,0% 10,0% 15,0% 20,0% (TISKRA CZ) increased 4.59% and 4.53%, respectively, largest RIVP-R-A domestic retail chain Konzum (KNZMRA CZ) accelerated 5.76% to HRK DLKV-R-A KNZM-R-A 165.99 while food producer Belje (BLJERA CZ) declined 1.98% to HRK LKRI-R-A 89.20. ATPL-R-A INGR-R-A Heavy constructor Viadukt (VDKTRA CZ) rocketed 30.32% to HRK 245 THNK-R-A DDJH-R-A after company informed investors about new contract signed in total PTKM-R-A worth HRK 516 million, related to construction of Zagreb airport. -
Pregled Trgovine
Trading Summary First half of 2017 Zagreb, July 2017. This publication was prepared and published by the Zagreb Stock Exchange Inc., Ivana Lučića 2a/22, Zagreb (hereinafter: Exchange). The publication is intended to provide information to the public and shall not be deemed to constitute an offer or invitation to buy or advice on trade or investment in financial instruments or opinion on the terms of the purchase or sale of any financial instrument mentioned therein whether favourable or not, nor should it be relied on as a substitute for own judgement or assessment by any user of this publication. The Exchange waives responsibility and liability for any damage which might arise out of the use of information contained therein. Further use of information available in this publication is permitted by the Exchange provided that the source is cited. Copyright © 2017. Zagreb Stock Exchange Zagreb Ivana Lučića 2a/22 All rights reserved. Content: 1 TRADING......................................................................................................................... 1 1.1 COMPARISION WITH PREVIOUS HALF .......................................................................................... 1 1.2 COMPARISON WITH PREVIOUS YEAR ........................................................................................... 2 1.3 MONTHLY TRADING OVERVIEW ................................................................................................. 3 1.4 INDICES ............................................................................................................................... -
Pregled Trgovine
Monthly report May 2017 Zagreb, June 2017 This publication was prepared and published by the Zagreb Stock Exchange Inc., Ivana Lučića 2a/22, Zagreb (hereinafter: Exchange). The publication is intended to provide information to the public and shall not be deemed to constitute an offer or invitation to buy or advice on trade or investment in financial instruments or opinion on the terms of the purchase or sale of any financial instrument mentioned therein whether favourable or not, nor should it be relied on as a substitute for own judgement or assessment by any user of this publication. The Exchange waives responsibility and liability for any damage which might arise out of the use of information contained therein. Further use of information available in this publication is permitted by the Exchange provided that the source is cited. Copyright © 2017. Zagreb Stock Exchange Zagreb Ivana Lučića 2a/22 All rights reserved. Content: 1. GENERAL CHARACTERISTICS ................................................................................................... 1 2. TURNOVER AND MARKET CAPITALIZATION BY SECTOR ....................................................... 3 3. STOCKS WITH THE LARGEST MARKET CAPITALIZATION ........................................................ 4 4. MOST ACTIVE STOCKS BY TURNOVER .................................................................................... 5 5. STOCKS PERFORMANCE .......................................................................................................... 6 6. EQUITY BLOCK TURNOVER..................................................................................................... -
Pregled Podataka O Planovima Gospodarenja Otpadom
PREGLED PODATAKA O PLANOVIMA GOSPODARENJA OTPADOM SVIBANJ 2011. Pregled podataka o planovima gospodarenja otpadom Zagreb, svibanj 2011. PREGLED PODATAKA O PLANOVIMA GOSPODARENJA OTPADOM Svibanj 2011. Pregled podataka o planovima gospodarenja otpadom Zagreb, svibanj 2011. SADRFAJ SAFETAK. ................................................................................................................... .- 2 - I UVOD. .......................................................................................................................... .- 3 - 1.1. PLAN GOSPODARENJA OTPADOM – PRAVNA OSNOVA ........................................................................... 4 1.1.1. PLANOVI FUPANIJA, GRADOVA I OPĆINA .................................................................................................... 4 1.1.2.PLANOVI PROIZVOĐAČA OTPADA ................................................................................................................ 5 II PLANOVI I IZVJEEĆA O PROVEDBI/IZVREENJU PLANOVA FUPANIJA, GRADOVA I OPĆINA. .................................................................................................. .- 6 - 2.1. PREGLED BROJA FUPANIJA, GRADOVA I OPĆINA KOJE SU IZRADILI PLAN GOSPODARENJA OTPADOM I IZVJEEĆE O PROVEDBI/IZVREENJU PLANA GOSPODARENJA OTPADOM .................... 6 III PLANOVI PROIZVOĐAČA I/ILI POSJEDNIKA OTPADA. ........................................ .- 9 - 3.1. PREGLED BROJA PRAVNIH SUBJEKATA/TVRTKI KOJI SU IZRADILI PLAN GOSPODARENJA OTPADOM U RH ................................................................................................................................................. -
Raiffeisen Weekly Report, Nr. 32/2017
Raiffeisen Weekly Report Number 32 September 4th, 2017 Real Q2 GDP growth rate at 2.8%yoy GDP real growth rate The first Q2 17 GDP estimate reported continuation of economic growth at a 4 faster pace with real GDP rising by +2.8%yoy. The positive contribution came 3 from domestic demand (+3.3%) while the contribution of net-foreign demand was 2 negative (–0.5%), as a result of higher real growth rate of imports (4.6%yoy) 1 compared to the exports (3.6%yoy), confirming the relatively high import de- % 0 pendence of the Croatian economy. –1 Breakdown by components showed that the largest positive contribution to the –2 GDP volume change came from household consumption with the highest rate –3 since Q1 08 (+3.8%yoy in real terms). Strong household consumption levels Q2 12 Q1 13 Q2 13 Q1 14 Q2 14 Q1 15 Q2 15 Q1 16 Q3 16 Q1 17 Q2 17 Q3 12 Q4 12 Q3 13 Q4 13 Q3 14 Q4 14 Q3 15 Q4 15 Q2 16 Q4 16 are not much of a surprise since high-frequency indicators reported a solid re- Sources: CBS, Economic RESEARCH/RBA tail trade growth, increasing optimism, improvements in consumer confidence, growth of employment, declining unemployment and an increase in disposable income. One should mention that household consumption growth was not ac- companied by an increase in the levels of borrowing and loans, as was the Retail trade, real changes, yoy case in the pre-crisis period. Government consumption increased by 1.7%yoy 8 in real terms while GFCF real growth decelerated to 3.2%yoy, possibly because 7 particular companies postponed their investment decisions due to the uncertainty 6 related to Agrokor. -
CEE CIS Committee Decision
INDEX COMMITTEE DECISIONS Topic: CEE & CIS Index Committee Decisions From: Wiener Börse AG / Market & Product Development Date: December 17, 2008 New RFs for all indices were determined on the basis of closing prices of December 17, 2008. All adjustments will be implemented after the close of the trading session on December 19, 2008. The Index Committee has decided upon the following adjustments: CTX, CECE, SCECE, CECETR , CECExt effective December 22, 2008 New Number Name ISIN New FF New RF of Shares CENTRAL EUROP. MEDIA BMG200452024 36.024.273 0,75 CEZ CZ0005112300 0,37 ERSTE GROUP BANK AT0000652011 317.012.763 1,00 HTX, CECE, SCECE, CECETR , CECExt effective December 22, 2008 New Number Name ISIN New FF New RF of Shares FHB MORTGAGE BANK HU0000078175 0,75 MAGYAR OLAJ GAZI HU0000068952 0,65 OTP BANK HU0000061726 0,75 0,57 RICHTER GEDEON HU0000067624 0,88 PTX, CECE, SCECE, CECETR , CECExt effective December 22, 2008 New Number Name ISIN New FF New RF of Shares AGORA PLAGORA00067 46.391.570 TVN PLTVN0000017 169.154.223 0,50 SETX, CECExt effective December 22, 2008 New Number Name ISIN New FF New RF of Shares ERICSSON N.TESLA HRERNTRA0000 0,50 INA HRINA0RA0007 0,10 PODRAVKA HRPODRRA0004 0,50 AIK BANKA RSAIKBE79302 1,00 ATLANTSKA PLOVIDBA HRATPLRA0008 1,00 Please note: Due to the suspension of Banca Transilvania, the committee has decided that there will be no determination of new representation factors in the course of the December committee. NTX effective December 22, 2008 New Number Name ISIN New FF New RF of Shares ERSTE GROUP BANK AT0000652011 317.012.763 OTP BANK HU0000061726 0,75 OMV AG AT0000743059 0,50 VOESTALPINE AT0000937503 164.599.032 CENTRAL EUROP. -
FIMA Daily Insight
CROATIA | SLOVENIA | ROMANIA | BULGARIA FIMA Daily Insight June 19, 2017 CROATIA BENCHMARKS DAILY CHANGES % Croatian equities closed higher on Friday with both indices increasing; CROBEX increased 0.11% to 0,73% 1,857.87 pts and blue chip CROBEX 10 increased 0.10% to 1,107.93 pts. Regular stock turnover amounted to HRK 4.86 million. (Positive) Croatian oil and gas company INA (INARA CZ) topped the liquidity board collecting HRK 3.2 million in 0,21% turnover and its price decreased 0.78% to HRK 3,175.00. 0,11% Adris’ (ADRSRA CZ) insurance company Croatia osiguranje (CROSRA CZ) finished with restructuring process and stopped negative trends. In the period Jan-Apr, Croatia osiguranje increased net profit by 61% yoy. For 2017, Management board expects GWP to increase by 4% yoy and net profit to reach HRK 226 mln. Insurance market in Croatia has been showing improvements, therefore in May, insurance -0,25% companies recorded total gross premiums in the amount of HRK 4.14 bln, which was an increase of CROBEX SBI BET SOFIX 2.24% yoy. Non life insurance premiums grew by 2.93% yoy to HRK 2.85 bln, while life insurance premiums increased by 0.75% to HRK 1.28% yoy. (Positive) BENCHMARKS 3Y CHARTS This year Podravka (PODRRA CZ) marked again a great success on international quality evaluation and received 18 Superior Taste Awards, the most distinguished world award in food segment. All the 140 products that were being evaluated, were rewarded, which is Podravka's greatest success since it started participating on this competition and confirmation of excellence in the categories in which they 120 have been competing. -
Is Capital Structure Important in Contemporary Finance Relations?
IS CAPITAL STRUCTURE IMPORTANT IN CONTEMPORARY FINANCE RELATIONS? DEAN UČKAR Juraj Dobrila University of Pula, Faculty of Economics and Tourism »Dr. Mijo Mirković«, Pula, Croatia, e-mail: [email protected]. Abstract The various combinations of sources of financing that a business uses in its operations have multiple impacts on the generation of its cash flow. Such influence can be viewed from the aspect of forming the total cost of financing the company, from the aspect of investments where such an indicators represents the minimum level of required profitability of investment projects, as well as from the aspect of investors in an enterprise where different capital structure carries with it a different level of financial risk. It is therefore not surprising that there is considerable scientific interest in this issue and numerous researches conducted on this topic. Moreover, the relevance of the subject is also evidenced by the fact that there are numerous theories on the formation of capital structure and its consequences on the valuation of the company, that is, the influence on the market value of the company's shares. This paper will determine the average values of the formation of the capital and financial structure of Croatian companies listed on the Zagreb Stock Exchange. The analysis of 30 companies over a ten-year period from 2009 to 2018 will seek to show the impact that the formed capital structure has on profitability. By establishing a negative link between the selected debt indicators Keywords: capital structure, and the profitability indicators, the validity of contemporary financial structure, capital structure theories, which have their starting point in debt ratios, behavioral finance and are specific for developed financial profitability ratios, capital structure markets, has been rejected.