FIMA Daily Insight
Monday, July 20, 2015
Croatia Croatian equities closed higher on Friday with both indices increasing; CROBEX increased 1.1% to 1,790.25 pts and blue chip CROBEX 10 advanced 1.0% to 1,039.58 pts. Regular stock turnover ZAGREB STOCK EXCHANGE amounted to HRK 21.8 million. (Positive) CROBEX Last 1.790,25 Tobacco and tourism Adris group (ADRSPA CZ) topped the liquidity board collecting HRK 4.6 million daily 1,10% in turnover while its price increased 6.02 % to HRK 414.54. YTD 2,57% Supervisory Board and Management of Adris Grupa (ZSE: ADRS-P-A) agreed to propose to the CROBEX10 Last 1.039,58 General Assembly a decision on extraordinary dividend payment in the amount of HRK 40.00 per share. The Management will submit to the Supervisory Board the final draft for review until August 5, daily 1,00% 2015, after which the GA will be called to approve the proposal.(Positive) YTD 3,22% Luka Rijeka (LKRIRA CZ) informed the public about successful results of the share capital increase. Stock Turnover (EUR m) 1,79 Investors subscribed and paid for a total of 5,396,863 new shares of the Company (HRK 40.00 per MkCap(%of GDP) 56,91% share). The right to subscribe and pay for the new shares had the existing shareholders, qualified investors and former and current employees of the companies Luka Rijeka and Jadranska Vrata d.d. Source:www.zse.hr Public invitation to subscribe for new shares in the fourth round will be published on 21st July 2015. (Positive)
LJUBLJANA STOCK EXCHANGE HUP Zagreb (ZSE: HUP-R-A) scheduled its annual GA for August 25. The company’s proposed HRK 15 per share as a cash dividend from a part of its 1999. and 2000. net profit of HRK 6.4 mln (dy SBI TOP Last 737,38 0,77%). Record date is September 25, ex dividend date is September 24 and payment date is daily 0,35% October 23. (Positive) YTD -5,96% Croatian builder Hidroelektra Niskogradnja [ZSE:HDEL-R-A] said on Friday it has been selected in a consortium with two other companies for works on a HRK 204.7 mln water and wastewater system Stock Turnover (EUR m) 0,32 upgrade project in the central town of Petrinja. (Positive) MkCap(%of GDP) 50,95% The Zagreb Stock Exchange (ZSE) plans to increase its capital by EUR 1.9 mln and to use all the Source:www.ljse.si proceeds to support the acquisition of its Slovenian peer LJSE. The capital hike, seen in September, will be considered successful if at least EUR 1.3 mln is raised, or 70% of the offering is subscribed for, as all the proceeds will be used exclusively for the purchase of the Ljubljana bourse. The move BELGRADE STOCK EXCHANGE should be approved by the ZSE shareholders at a GA that is to be scheduled soon. ZSE plans to carry BELEX15 Last 654,89 out the capital hike in two stages – in the first one the current shareholders would be eligible to participate, with a possible second round open to the existing shareholders as well as to other daily 0,32% qualified investors. (Neutral) YTD -1,82% Croatian privately-held concern Agrokor has signed a 50 million euro ($54.5 million) loan deal with BELEXline Last 1.347,01 Sberbank Europe, Agrokor's ice cream and frozen food making unit Ledo said on Friday. The loan should be repaid 18 months after the signing of the relevant agreement. The loan is backed with daily 0,21% guarantees provided by Agrokor affiliates, including Ledo. (Neutral) YTD 0,16% Slovenia Stock Turnover (EUR m) 0,16 The benchmark index of the Ljubljana Stock Exchange, the SBITOP, gained ground on Friday in MkCap(%of GDP) 23,69% decreased total daily turnover, bourse data indicated. The SBITOP gained 0.35% to 737.38 points Source:www.belex.rs after losing 0.15% on Thursday. Five of the seven blue chips of the LJSE closed higher, while two closed flat on Friday. (Positive) Serbia BUCHAREST STOCK EXCHANGE The Serbian Statistical Office stated that retail prices of good and services in June 2015 in relation to BET Last 7.593,32 May 2015 increased by 0.5% on average. Consumer prices in June 2015, compared with May 2014, daily 0,85% increased by 1.9% and in relation with December 2014, by 2.1%. (Negative) YTD 7,20% Serbia sold on Thursday RSD 2.95bn (EUR 24.6m) in three-month Treasury bills, equal to 98.47% of its offer, the finance ministry's treasury department said. The treasury department said in a BET BK Last 0,81 statement it sold the T-bills at an annual yield of 4.78%, down from the 5.63% achieved at the daily 1420,51% previous three-month T-bills auction held on May 7. The government paper will mature on October YTD -99,94% 15th, 2015. (Neutral) BET TR Last 8.653,18 Romania daily 0,84% Romanian oil and gas group OMV Petrom [BSE:SNP] said on Friday it plans to invest some 32 million euro ($35 million) in the redevelopment of Independenta oil field in the southeastern county of Galati YTD 11,87% in the 2015-2016 period. The total investment required for the FRD Independenta Phase 1 project to Stock Turnover (EUR m) 11,0 unlock additional oil reserves stands at 42 million euro, of which around 10 million euro were invested in 2012-2014, the company said in a statement. The project entered execution phase in MkCap(%of GDP) 21,47% 2014, after a number of specific studies were performed. (Positive) Source:www.bvb.ro Romania is interested in exporting electricity to the regional market in southeastern Europe, including Serbia, Romania’s President Klaus Iohannis said on July 16. Romania and Serbia have several common economic projects, such as the Timisoara-Belgrade highway and energetic interconnectivity. Last year, Romania’s Oltenia energy company (CE Oltenia) closed a deal with the Serbian authorities to export coal. (Positive)
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FIMA Daily Insight
Monday, July 20, 2015
TOP 5 Companies ZAGREB STOCK EXCHANGE 17 July 2015 turnover (HRK) by price - Gainers (CROBEX) by price - Decliners (CROOBBEX)
Symbol Price Volume (mln) Change Symbol Price Change Symbol Price Change ADRS-P-A 414,54 4,60 6,02% HUPZ-R-A 2.100,00 7,69% LKPC-R-A 671,03 -4,14% ADRS-R-A 499,00 2,44 3,96% ADRS-P-A 414,54 6,02% INGR-R-A 2,99 -2,61%
HT-R-A 152,50 1,22 -0,33% ATPL-R-A 262,55 5,44% DLKV-R-A 16,98 -2,02%
RIVP-R-A 22,78 0,72 1,02% HIMR-R-A 460,00 4,54% BLJE-R-A 26,27 -1,35% VERN-R-A 122,00 0,51 -2,40% DDJH-R-A 24,10 3,61% KKRRAS-R-A 445,55 -0,99%
TOP 3 Com panies LJUBLJANA STOCK EXCHANGE 17 July 2015 turnover (EUR) by price - Gainers by price - Decliners
Symbol Price Volume (000) Change Symbol Price Change Symbol Price Change LKPG 25,50 130 1,57% ITBG 0,60 400,00% APAG 53,50 -0,93%
KRKG 64,81 48 0,17% IEKG 1,05 5,00% ZTOG 175,05 -0,03%
GRVG 6,27 39 0,00% SALR 338,00 4,00% 0 0,00 0,00%
TOP 3 Companies BELGRADE STOCK EXCHANGE 17 July 2015
turnover (RSD) by price - Gainers by price - Decliners Symbol Price (RSD) Volume (000) Change Symbol Price Change Symbol Price Change
ENHL 1.159,00 1.459 -1,61% EPEN 7.000,00 7,68% INNKNNK 302,00 -16,57% AERO 1.332,00 1.388 0,15% KMBN 1.920,00 3,17% AIAIKBPB 956,00 -7,00% NIIS 656,00 776 0,00% AERO 1.332,00 0,15% ENHL 1.159,00 -1,61%
TOP 3 Com panies BUUCCHAREST STOCK EXCHANGE 17 July 2015 turnover (RON) by price - Gainers by price - Decliners
Symbol Price (RON) Volume (000) Change Symbol Price Change Symbol Price Change FP 0,8165 20,964 0,12% CAOR 2,47 11,29% PREH 1,5900 -8,62%
SNG 34,90 6,292 1,16% TUFE 0,185 10,18% SNO 2,4600 -6,11%
TLV 2,31 4,078 1,52% BRK 0,0860 6,83% COMI 0,0122 -3,17%
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FIMA Daily Insight
Monday, July 20, 2015
GDP Unemployment & CPI 4,00 25,00
3,00 20,00 2,00 1,00 15,00 % 0,00 % 10,00 -1,00 -2,00 5,00 -3,00 0,00 -4,00 Croatia Slovenia Serbia Romania -5,00 Croatia Slovenia Serbia Romania 2013 1Q14 2Q14 3Q14 2014 2015e 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 0,1300
FX RATE RSD per EUR 0,0083
FX RATE RON per EUR 0,2300
FX RATE EUR per USD 1,0800
Investme nt stories Hotel Impe rial (HIMR-R-A) - privatization process in final stage
Telekom S lovenije (TLSG) - privatization process in second stage
Corporate events
20.07.2015. Adris Grupa (ADRS-R-A, ADRS-P-A) – Ex-dividend date
28.07.2015. Adris Grupa (ADRS-R-A, ADRS-P-A) – Cash dividend: HRK 10.00
07.08.2015. Turisthotel (TUHO-R-A) – Cash dividend: HRK 27.00
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FIMA Daily Insight
Monday, July 20, 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: HANA HORVAT [email protected] +385 42 66 09 67
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