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KEY STOCKS FOR THE WEEK 14/05—18/05
Estonian construction company Merko Ehitus stock is not expected to sustain the price level achieved last week, after what seems to have been a major fund entry forced the share price up by +9.7%, and more than 8% (a third of free float) of company’s share capital changed hands in a series of block trades. Speculative pressure is expected to result in a corrective trend.
Bankas Snoras share price is expected to continue a downward trend throughout the period of new and cheaper share issue distribution, as investors eligible for the purchase are expected to raise capital by selling their more expensive shares at market price. We hence see a favourable opportunity to seize artificial downward pressure for those looking to enter the position at a lower price point.
Tallinna Kaubamaja, Estonian’s store operator is releasing its Q1 results today. It is expected that an EBITDA figure of EEK 80M or more should result in a positive reaction from the investors, driving the price up of already relatively cheap stock.
LAST WEEK IN THE BALTIC STOCK MARKETS: PEACEFUL WEEK BOOSTS INVESTOR CONFIDENCE
As expected, peaceful celebration of 9th of May in Estonia has resulted in investor regaining trust of the markets, while big funds’ activity brought several positions to what could be their peak turnover figures for the year.
Investors also seem to have started appreciating the underlying fundamental value of companies’ performance, as strong news and results finally seem to have the correct impact on share price. The tendency is seen as one of the symptoms for diminishing corrective pressures that have been driving the markets as of late.
Rokiskio Suris, Lithuanian producer of dairy goods has announced it acquired a 50% stake in dairy procurement firm “Pieno Upes”, following its strategic goal to increase company’s vertical integration. Together with the news of 4-month revenue figure hitting an expected LTL 191.5M, +24.6% growth year-onyear, investors took active interest in the stock, driving the price up by +7.1%.
Estonia’s producer of electronics and telecommunications equipment Harju Elekter share price has been on a downturn last week after the company announced a Q1 net profit decrease of –41%, down to EEK 8.1M, on +22.4% improvement in sales, up to EEK 151.6M.
Sanitas, Lithuanian producer of pharmaceuticals, announced that its 4-month sales have bested the expectations and reached LTL 106.2M. Investors reacted positively to the long awaited news of improving financial performance, after months of continuous problems have been plaguing the company. Share price appreciated +4.8% since the start of the week.
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Mantas Pakėnas
Kapitalo rinkų skyrius / Capital Markets Unit
DnB NORD Investment Banking
J. Basanavičiaus g. 26, 03601 Vilnius
Tel./phone: +370 5 2393776
Faksas/fax: +370 5 2393783
El. paštas/e-mail: mantas.pakenas@dnbnord.lt
Estonian construction company Merko Ehitus stock is not expected to sustain the price level achieved last week, after what seems to have been a major fund entry forced the share price up by +9.7%, and more than 8% (a third of free float) of company’s share capital changed hands in a series of block trades. Speculative pressure is expected to result in a corrective trend.
Bankas Snoras share price is expected to continue a downward trend throughout the period of new and cheaper share issue distribution, as investors eligible for the purchase are expected to raise capital by selling their more expensive shares at market price. We hence see a favourable opportunity to seize artificial downward pressure for those looking to enter the position at a lower price point.
Tallinna Kaubamaja, Estonian’s store operator is releasing its Q1 results today. It is expected that an EBITDA figure of EEK 80M or more should result in a positive reaction from the investors, driving the price up of already relatively cheap stock.
LAST WEEK IN THE BALTIC STOCK MARKETS: PEACEFUL WEEK BOOSTS INVESTOR CONFIDENCE
As expected, peaceful celebration of 9th of May in Estonia has resulted in investor regaining trust of the markets, while big funds’ activity brought several positions to what could be their peak turnover figures for the year.
Investors also seem to have started appreciating the underlying fundamental value of companies’ performance, as strong news and results finally seem to have the correct impact on share price. The tendency is seen as one of the symptoms for diminishing corrective pressures that have been driving the markets as of late.
Rokiskio Suris, Lithuanian producer of dairy goods has announced it acquired a 50% stake in dairy procurement firm “Pieno Upes”, following its strategic goal to increase company’s vertical integration. Together with the news of 4-month revenue figure hitting an expected LTL 191.5M, +24.6% growth year-onyear, investors took active interest in the stock, driving the price up by +7.1%.
Estonia’s producer of electronics and telecommunications equipment Harju Elekter share price has been on a downturn last week after the company announced a Q1 net profit decrease of –41%, down to EEK 8.1M, on +22.4% improvement in sales, up to EEK 151.6M.
Sanitas, Lithuanian producer of pharmaceuticals, announced that its 4-month sales have bested the expectations and reached LTL 106.2M. Investors reacted positively to the long awaited news of improving financial performance, after months of continuous problems have been plaguing the company. Share price appreciated +4.8% since the start of the week.
-------------------
Mantas Pakėnas
Kapitalo rinkų skyrius / Capital Markets Unit
DnB NORD Investment Banking
J. Basanavičiaus g. 26, 03601 Vilnius
Tel./phone: +370 5 2393776
Faksas/fax: +370 5 2393783
El. paštas/e-mail: mantas.pakenas@dnbnord.lt
