Weekly overview 05.03.-09.03.2018
Datum objave: 12.03.2018
Another one weekly session in red at Belgrade Stock Exchange. This was the sixth week in a row of declining trend. BELEX15 lost 0.91%, while broad BELEXline was down 0.96% w/w. Decline was led by Komercijalna Banka, Energoprojekt and Metalac. Total trade volume was at EUR 23.5m, out of which EUR 6.7m was related to stocks. However, most of this was on the back of block takeover transaction at Energoprojekt Garant. This insurance company was acquired by Slovenian peer SavaRe, for RSD 746m (93% stake).
If we exclude mentioned block transaction, NIS (NIIS) was the most traded name, with RSD 19.9m in volume, while its stock price was up 0.84% w/w. The company, reported RSD 27bn in its FY 2017 net profit, several days ago up 80% y/y, which was in line with expectations.
Komercijalna Banka (KMBN) was also among top traded with RSD 11.5m in volume, while its stock price was down 5.9% w/w. At the moment decline at the stock was even higher but it partly recovered by the end of the week behind. The bank managed to end 2017 with solid net profit, after it completed credit portfolio restructuring. This may be the year of privatization for the bank and investors will look forward to see any news on this field.
Other top traded names, were fare below two mentioned in terms of delivered volumes. Belgrade Airport saw RSD 6.1m in volume, while Fitofarmacija (FITO) and Jedinstvo (JESV) only RSD 1.3 and RSD 1.0m respectively. Jedinstvo bought back additional 100 of its own shares at a price of RSD 5,000 per share, last week. In total, the company now holds 20,604 own shares, which is 6.76%.
Dnevni izveštaj 23.03.2018
23.03.2018 | Potpisan ugovor o koncesiji nad Aerodromom Beograd; Svetska banka odobrila Srbiji tri kredita vrednosti 225,7 miliona EUR; Američka ambasada u Beogradu poziva građevinske firme na saradnju; SBITOP dobio dodatnih 0,65%; Krka u 2017. ostvarila prihod od 1,2 milijarde EUR, +8% g/g; Dow izgubio više od 700 poena, usled novog talasa nervoze oko trgovinskih pitanja, Evropa u crvenom
Daily Report 23.03.2018
23.03.2018 | AERO: French corporation Vinci takes over Belgrade airport for 25 years; World Bank supports Serbia with three loans worth EUR 225.7 million; US Embassy in Belgrade invites construction companies for cooperation; SBITOP gained 0.65 percent; The Krka Group sold €1,266.4 million worth of products and services in 2017, up 8% from 2016; Dow drops more than 700 points on trade fears, posts worst day since Feb. 8, European stocks slump at the close as trade fears weigh
Dnevni izveštaj 22.03.2018
22.03.2018 | Telenor prodao kompaniju u Srbiji; AERO: Potpisivanje ugovora za koncesiju Aerodroma Nikola Tesla danas; MTLC: Metalac zakazao Skupštinu za 26. april; Proizvođačke cene u Sloveniji u februaru porasle 2,1% g/g; SBITOP u plusu 0,1%; Indeksi na Wall Streetu u crvenom nakon odluke FED-a da poveća kamatnu stopu, Evropa takođe u minusu
Daily Report 22.03.2018
22.03.2018 | Telenor sells CEE assets, including Serbian company; AERO: Agreement on concession of the Nikola Tesla Airport to be signed today; MTLC: Metalac scheduled GA for 26th April; Slovenia producer prices up 2.1% y/y in Fberuary; SBITOP ends Wednesday 0.1 %higher; Stocks close lower after Fed hikes rates, upgrades economic outlook, European markets close lower
Dnevni izveštaj 21.03.2018
21.03.2018 | Sledeći sastanak srpske delegacije sa MMF-om od 20. do 22. aprila u Vašingtonu; Još novca za finansiranje malih i srednjih preduzeća - CEB odobrila zajam od 50 mil EUR za dve banke u Srbiji; Francuski EDF zainteresovan za hidroenergetske projekte u Srbiji; Salus Grupa povećala prihode i profit u 2017; Potrošačko poverenje u Sloveniji u blagom padu; Wall Street i Evropa u plusu u iščekivanju odluke FED-a
Daily Report 21.03.2018
21.03.2018 | Next meeting of Serbian delegation with IMF to take place in Washington from April 20 through 22; More money for financing small and medium enterprises – CEB approves loan of EUR 50 million for two banks in Serbia; French EDF interested in hydroenergy projects in Serbia; The Salus Group increased revenues and profits last year; Slovenia Consumer Confidence dropped slightly; Dow closes 116 points higher as Fed meeting kicks off, European equities close higher ahead of Fed meeting
Dnevni izveštaj 20.03.2018
20.03.2018 | FITO: Fitofarmacija ubeležila pad profit u 2017 usled većih poreskih opterećenja i negativnih kursnih razlika; NIIS: Povećane akcize na naftne derivate - Cena benzina na pumpama zasada ostaje ista; NLB banka prodaje loše kredite u Srbiji; Slovenački SBITOP juče izgubio 0,24%; SDI u Sloveniji u porastu; U Sloveniji zabeležen najveći rast građevinskog sektora u EU; Dow izgubio 335 poena, Nasadq u minusu 1,8% nakon pada Facebooka, Evropski u padu nakon kolapsa Micro Focusa od 46%
Daily Report 20.03.2018
20.03.2018 | FITO: Fitofarmacija reported 16% drop in FY 2017 net profit on higher tax & FX loss; NIIS: Excise taxes on petroleum products increased – Price of petrol at gas stations to remain the same for now; NLB Bank to sell NPLs in Serbia; Slovenian index SBITOP gained 0.24 percent yesterday; Growth of FDI in Slovenia; Slovenia with the highest growth in construction in the Eurozone and EU; Dow drops 335 points, Nasdaq slides 1.8% as Facebook drags tech shares lower, Europe markets close lower as Micro Focus tanks 46%
Dnevni izveštaj 19.03.2018
19.03.2018 | MTLC: Metalac done odluku sticanju sopstvenih akcija; Agencija Moody’s objavila godišnji izveštaj o kreditnom rejtingu Srbije; Bloomberg: Dinar druga valuta u svetu sa najboljim performansama u proteklih 12 meseci; SBITOP korigovan u petak za 0,23%; Indeksi na Wall Streetu ubeležili negativnu nedeljnu promenu, Evropa petak završila u plusu
Daily Report 19.03.2018
19.03.2018 | MTLC: Metalac announced buyback intention; Moody's says Serbia's credit profile balances diversified economy, stronger fiscal metrics against large contingent liabilities; Bloomberg: Serbian dinar second best performing currency in the world; SBITOP lost 0.23% on Friday; Stocks fall for the week on rising trade tensions, Europe closes higher amid political, trade concerns