Autorius: DnB NORD bankas, Parašyta: 2007-04-16 17:59.
URL: https://www.traders.lt/page.php?id=365
KEY STOCKS FOR THE WEEK 16/04—20/04
Estonian department store and supermarket operator, Tallinna Kaubamaja, Q1 sales stood at EUR 79.4M, 43.5% up from last year, without including the new segment of automotive sales, amounting to an additional EUR 5.5M. Even though the share price increased by 1% last week, it is believed that in the light of growth rates comparable to those of the sector, share price has a lot of upside potential and the news should still drive stock pricefurther up.
PTA Grupp, Estonia’s producer and retailer of apparel, has announced plans to list on Warsaw Stock Exchange (WSA), as well as reorganize company’s structure. The news are expected to draw positive reaction from the investors, as this is likely to significantly increase share’s liquidity due to being available to Polish
pension funds that are restricted to investing in companies listedon local stock exchange.
Lietuvos Dujos, Lithuanian distributor of natural gas, is expected to suffer a hit in stock price after the President signed the law for regulating profit margins of gas distributors.
LAST WEEK IN THE BALTIC STOCK MARKETS: MORE HOLIDAYS—FEWER CHANGES
Tallink Grupp, Estonian based shipping company, has announced a project to build a new luxury cruise ferry for EUR 180M, one of the largest and fastest in the Baltic Sea. Together with encouraging news of March shipments surpassing those of last year’s by 2.21, 2.54, and 1.9 times year-on-year for passengers, cargo, and vehicles respectively, company’s shares enjoyed a +4.7% rise and high turnover throughout the week.
Vilniaus Vingis, Lithuanian manufacturer of electronic equipment, announced that it will not pay any dividend this year, but rather in 2008, after completing sale of its real estate. The 2006 results were also revealed, the profit most notable beating all projections at LTL 22.87M loss. Although the company’s shares remain stable at LTL 6.00, the announcement triggered huge jump in turnover for otherwise stagnant position.
Ventspils Nafta Terminals, Latvian oil transportation company’s Ventspils Nafta daughter company has transported 3.3M tones of oil in Q1, 94% increase year-on-year, while net profit for 2006 amounted to LVL 6.85 million, 20.2% more than planned. The news drove the share price up by 1.6% to LVL 2.62
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