FIMA Daily Insight
Total Page:16
File Type:pdf, Size:1020Kb
FIMA Daily Insight IN FOCUS - ZAGREB STOCK EXCHANGE May 4, 2012 Croatian equities closed the week higher with both indices increasing. ZSE STOCK MARKET CROBEX accelerated 0.42% to 1,828.40 pts while blue chip CROBEX10 CROBEX Last 1.828,4 gained 0.62% to 1,001.55 pts. Volumes remained thin with regular % daily 0,42% stock turnover totaling to HRK 11.4 million. % YTD 5,07% Integrated telecom operator HT (HTRA CZ) topped the liquidity board CROBEX10 last 1001,6 collecting HRK 4.3 million in turnover and decreasing 0.41% to HRK % daily 0,62% 206.15. A few days ago company reported 1Q results showing further sales decrease (-4,7%), but thanks to rigorous cost cutting measures % YTD 2,60% company managed to improve bottom line result(+3.8%). Stock Turnov er (HRK m) 11,38 Auto parts producer AD Plastik (ADPLRA CZ) followed with HRK 1.7 Total MCAP (HRK bn) 185,33 million in turnover while price accelerated 0.81% to HRK 124.0. Few day Source: w w w .zse.hr ago company published 1Q12 business results. In the period January- March 2012, AD Plastik had 7.98% sales growth compared with same period last year. Net income amounted to HRK 18.1 million, while in the -4,0% -2,0% 0,0% 2,0% 4,0% 6,0% 8,0% 10,0% same period last year totaled HRK 17.2 million. AD Plastik's sales totaled INGR-R-A to HRK 205.3 million (1Q11 HRK 192m) and was in line with the plan. THNK-R-A LKRI-R-A More than 95% of total operating revenues have been achieved abroad. PODR-R-A AD Plastik's net profit for the year 2012 reached HRK 18m compared RIVP-R-A KORF-R-A with a previous year net income in amount of HRK 17m. ADRS-P-A ATPL-R-A Heavy constructor Viadukt (VDKTRA CZ) informed investor about new ADPL-R-A DLKV-R-A contract signed, for road construction in value of HRK 15 million. Earlier KOEI-R-A this week Viadukt also informed about new contract signed in total value PTKM-R-A of HRK 120 million. After good news, price didn’t react and stayed flat at ERNT-R-A KNZM-R-A HRK 280.0. ISTT-R-A VIRO-R-A ATGR-R-A LKPC-R-A HT-R-A DDJH-R-A KRAS-R-A BLJE-R-A ULPL-R-A IGH-R-A ZABA-R-A * data is calculated using last traded price Source: www.zse.hr CROBEX 3 MONTH MOVEMENT 2.000 60 50 1.900 40 1.800 30 pts 20 HRK Millions 1.700 Daily news headlines (more available on www.fima-securities.com): 10 Stocks Fall in Anticipation of U.S. Jobs Report 1.600 0 China Agrees to Measures to Ease Trade Turnover CROBEX Australia lowers growth forecast source: www.zse.hr Eurozone private sector ’shrinks’ BNP Paribas Profit Rises 10% in First Quarter For more information please contact us via mail [email protected] or on tel. +385 42 66 09 60 1 FIMA Daily Insight IN FOCUS - ZAGREB STOCK EXCHANGE Croatia’s Viadukt Signs 15.3 Mln Kuna (2.0 Mln Euro) Deal Croatian construction company Viadukt said on Friday it has signed a 15.3 million kuna ($2.7 million/2.0 million euro) deal with local motorway operator Autocesta Zagreb-Macelj. Under the deal, Viadukt will repair part of the Zagreb-Macelj motorway, the construction company said in a bourse filing. (Source: www.limun.hr original text was published on www.seenews.com) Croatia’s Allianz ZB Voluntary Pension Fund Assets Top 1.0 Bln Kuna (133 Mln Euro) The assets managed by the AZ voluntary pension funds of Croatia's Allianz ZB have exceeded 1.0 billion kuna ($175 million/133 million euro), the fund manager said. The voluntary funds now manage 100,000 pension accounts, the company said in a statement on Thursday. (Source: www.limun.hr original text was published on www.seenews.com) Slovenia asks Croatia for official explanation regarding Ljubljanska Banka Slovenian Foreign Minister Karl Erjavec has said that the Slovenian government has asked the Croatian government for an explanation of its conclusions adopted at the closed part of its April 19 meeting in connection with lawsuits filed by Croatia's Zagrebacka Banka and Privredna Banka Zagreb against Slovenia's Ljubljanska Banka regarding the issue of unpaid foreign currency savings deposits owned by Croatian clients of the now defunct Slovenian bank. "It's strange that those conclusions are of a confidential nature. That's why we have asked the Croatian side for an explanation. We expect to get an answer soon, given that the prime ministers of the two countries are expected to meet soon," Erjavec said in an interview with Slovenian Television late on Thursday. Erjavec said that the issue of savings deposits owned by Croatian clients of Ljubljanska Banka should be dealt with as part of the process of succession to the former Yugoslavia. "That is very important and that's why we should find an appropriate institution to deal with this issue. If it's not the Bank for International 9,0 Settlements in Basel, another appropriate institutions should be found." When 8,0 asked if Slovenia would block Croatia's entry into the European Union if no 7,0 agreement was reached, Erjavec said it was "too early to say." "We are two 6,0 friendly countries. I expect the Croatian government to inform us about its 5,0 conclusions regarding Ljubljanska Banka," he added. (Source: www.tportal.hr) 4,0 3,0 HRK/EUR HRK/USD Source: www.hnb.hr For more information please contact us via mail [email protected] or on tel. +385 42 66 09 60 2 FIMA Daily Insight IN FOCUS - ZAGREB STOCK EXCHANGE CROATIAN EQUITIES (FUNDAMENTAL MULTIPLES) “ - “ s t a n d s for negative value of multiple * multiples for Adris Group calculated on diluted basis For more information please contact us via mail [email protected] or on tel. +385 42 66 09 60 3 FIMA Daily Insight IN FOCUS - ZAGREB STOCK EXCHANGE CONTACTS FOR INSTITUTIONAL IN VESTORS: KREŠIMIR ČULO [email protected] +385 1 63 98 357 GORAN BRODAR [email protected] +38542 66 09 61 TRADING DEPARTMENT: [email protected] Phone : +385 42 66 09 60 RESEARCH DEPARTMENT: NIKOLA BAKŠAJ [email protected] +385 42 66 09 74 STIVEN TOŠ [email protected] +385 42 66 09 75 For more information please contact us via mail [email protected] or on tel. +385 42 66 09 60 4 FIMA Daily Insight IN FOCUS - ZAGREB STOCK EXCHANGE 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. By publishing this publication FIMA Securities Ltd. does not bear any responsibility for the consequences, or for the possible damages resulted from usage of the information and records published in this publication. Single opinions stated in this publication may change without prior notice. This publication has not been prepared in compliance with the provisions of the Capital Market Act, and the Regulations of the Croatian Agency for Supervision of Financial Services (HANFA) ensuring independence of investment research, as also the issuance of the publication has not been subject to trading ban prior to distribution, as it has usually been foreseen for investment researches. According to the previously stated regulations this publication is considered to be promotional communication. All significant sources of information used in preparing of this publication were stated in its text. In preparing this publication the results of the fundamental and technical analysis may be used including also internally developed evaluation models. If it is the case of an internally developed evaluation model, the basic methodology shall be presented and publicly available to the investors at the Company's web page www.fima- vrijednosnice.hr or in the other legally permitted manner. The seat of the Company FIMA Securities Ltd.