FIMA Daily Insight
Monday, April 13, 2015
Croatia
Croatian equities closed higher on Friday with both indices increasing; CROBEX increased 0.71% to 1,723.55 pts and blue chip CROBEX 10 advanced 0.81% to 1.006,62 pts. Regular stock turnover amounted to HRK 6.8 million. (Positive)
Integrated telecom operator HT (HTRA CZ) topped the liquidity board collecting HRK 1.5 million in turnover and its price remained unchanged at HRK 165.90. ZAGREB STOCK EXCHANGE Croatia's electricity provider (HEP) and a consortium of contractors, including the Djuro Djakovic CROBEX Last 1.723,55 Company for the design and construction of pressure vehicles, on Friday signed a contract for the daily 0,71 construction of cogeneration biomass-fired power plant in Osijek valued at 16.2 million euros. YTD -1,25% (Positive) CROBEX10 Last 1.006,62 Adriatic Croatia International Club [ZSE:ACI-R-A] said on Thursday it plans to invest 92.5 million daily 0,81 kuna ($13.1 million/12.2 million euro) this year in the yacht marinas it operates. The company's investment program was budgeted at 94 million kuna in 2014. (Positive) YTD -0,05% Belupo signed a contract with Tehnika for the first phase of construction of new facilities for Stock Turnover (EUR m) 0,81 semi-solid and liquid, and for solid pharmaceutical forms, valued at 5.5 million kuna. The first MkCap(%of GDP) 56,91% phase will be complet in the first week of July. (Positive)
Source:www.zse.hr Karisma Hotels Adriatic announced that total value of investments in Hoteli Živogošće is higher than HRK 230 mln. (Positive)
LJUBLJANA STOCK EXCHANGE Slovenia SBI TOP Last 810,41 Slovenia's industrial output grew by 5.8% in February compared to the same month a year ago, the Statistics Office said on Friday. The figure however dropped 0.2% on the monthly level. daily -0,12% (Neutral) YTD 3,35% The deadline for binding bids for the acquisition of a majority stake in Telekom Slovenije, the Stock Turnover (EUR m) 1,53 biggest on the list of 15 companies slated for privatisation, unofficially expires on Monday MkCap(%of GDP) 50,95% although the Slovenia Sovereign Holding (SSH), which is responsible for the sale, would not Source:www.ljse.si disclose any information. According to media, Slovenia can expect two binding bids, both below market value. Investment fund Cinven and Deutsche Telekom are likely to bid around EUR 115 per share compared to the market price which is EUR 132. (Neutral)
BUCHAREST STOCK EXCHANGE According to Reuters, U.S.-based Investment company Global Bankcorp Commodities and BET Last 7.253,95 Investments Inc. is interested in purchasing Slovenia's second largest bank Nova KBM (NKBM), which the government has put up for sale. It did not say how much it was willing to offer for the daily 0,64% state-owned bank which is in the last phase of privatisation process. According to Reuters YTD 2,41% sources, another U.S. investment firm, Apollo, is in advanced talks to buy NKBM, offering some BET BK Last 1.359,10 200 million euros for the bank. (Positive) daily 0,36% Serbia YTD 3,89% Serbia's central bank said it decided to cut the key repo rate to 7% from 7.5%. The next rate- BET TR Last 7.921,53 setting meeting of its executive board will be held on May 11. (Positive) daily 0,64% Please note that on Friday, April 10th and Monday, April 13th, Belgrade Stock Exchange is closed due to Easter holidays. YTD 2,41% Stock Turnover (EUR m) 8,83 Romania MkCap(%of GDP) 21,47% Romania's current account balance showed a surplus of 285 million euro ($303 million) in the first two months of 2015, compared to a deficit of 201 million euro a year earlier, mainly due to a Source:www.bvb.ro smaller primary income gap, the central bank said on Friday. (Positive) Romania's consumer price index (CPI) inched up 0.4% on the month and was 0.8% higher on
the year in March, the statistics office, INS, said on Friday. In February, CPI edged up by 0.33% on the month and by 0.4% on the year. (Neutral)
Romania's foreign debt narrowed to 93.63 billion euro ($99.4 billion) at the end of February from 94.30 billion euro at end-2014, the central bank, BNR, said on Friday. (Positive)
Standard & Poor's Ratings Services on Friday affirmed its 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Romania, with a stable outlook. (Positive)
Please note that on Monday, April 13th, Bucharest Stock Exchange is closed.
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FIMA Daily Insight
Monday, April 13, 2015
TOP 5 Companies ZAGREB STOCK EXCHANGE 10 April 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 165,90 1,50 0,00% PODR-R-A 300,80 5,21% ATPL-R-A 222,10 -6,68% DLKV-R-A 18,54 0,62 3,00% INGR-R-A 3,52 3,83% BLJE-R-A 29,89 -2,45%
KODT-P-A 1.064,00 0,51 1,62% KRAS-R-A 424,95 3,65% LRH-R-A 4.106,00 -2,24% RIVP-R-A 19,43 0,38 1,99% ADRS-P-A 333,05 3,18% INA-R-A 3.455,00 -1,29%
KRAS-R-A 424,95 0,36 3,65% DLKV-R-A 18,54 3,00% KOEI-R-A 675,55 -1,09%
TOP 3 Companies LJUBLJANA STOCK EXCHANGE 10 April 2015 turnover (EUR) by price - Gainers by price - Decliners
Symbol Price Volume (000) Change Symbol Price Change Symbol Price Change
KRKG 64,90 628 0,62% SKDR 60,00 15,36% SAVA 0,30 -14,29% TLSG 129,10 223 -2,64% ITBG 0,65 8,33% TLSG 129,10 -2,64%
PETG 277,20 165 0,07% PILR 21,00 5,00% DATR 3,30 -0,30%
TOP 3 Companies BUCHAREST STOCK EXCHANGE 10 April 2015
turnover (RON) by price - Gainers by price - Decliners
Symbol Price (RON) Volume (000) Change Symbol Price Change Symbol Price Change
FP 0,9 12.919 1,05% NEP 46,500 5,68% EFO 0,0598 -4,17% TLV 2,4 8.228 3,42% RRC 0,0428 3,88% VESY 0,0427 -2,95%
SNG 35,0 4.612 0,00% TBM 0,027 3,46% EPT 0,0435 -2,90%
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%
FIMA Daily Insight
Monday, April 13, 2015
GDP Unemployment & CPI
4,00 25,00 3,00 2,00 20,00 1,00 15,00 % 0,00 -1,00 % 10,00 -2,00 -3,00 5,00
-4,00 0,00 Croatia Slovenia Serbia Romania -5,00 2013 1Q14 2Q14 3Q14 2014 2015e Croatia Slovenia Serbia Romania Unemployment December 2014 CPI January 2015 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
Corporate events
13.04.2015 PBZ (PBZ-R-A) – Record date
14.04.2015 PBZ (PBZ-R-A) – Cash dividend: 27,00 HRK
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FIMA Daily Insight
Monday, April 13, 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
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