versija spausdinimui
(0)
KEY STOCKS FOR THE WEEK 21/05—25/05
Estonian construction company Merko Ehitus announced to have increased its Q1 sales by +86.3% to EUR 64.9M, and earned a profit of EUR 5.8M, a +158.2% increase. The unexpectedly good result is likely to improve the share price in the short term.
Sanitas, Lithuanian producer of pharmaceuticals, will announce its April’s financial result on Friday. Investor interest is expected to remain high meanwhile, with share price benefiting further. An EBITDA figure of LTL 9.2M should be considered according to expectations. Better than expected result can also lead to Sanitas’ parent company Invalda share benefiting as well (currently, Sanitas accounts for 32.2% of Invalda’s capitalization).
Olympic Entertainment Group, Estonian based operator of casinos, is expected to suffer a downgrade by investors after announcing disappointing Q1 results. While revenues increased by +32% year-on-year, margins succumbed to the pressure of fast expansion with EBITDA down at 19% versus 30.1% for 2005.
LAST WEEK IN THE BALTIC STOCK MARKETS: SPRING COMES LATE TO THE EQUITY MARKETS ... WHILE EARLY SUMMER IS
LOOMING
A combined 60% block of shares of Snaige, Lithuanian manufacturer of refrigerators, is rumoured to have been put on sale for a potential strategic investor, Slovenia’s Gorenje being the most likely one. Having been stagnant for the rest of the week, the share jumped by +12.9% upon the news issue on Friday.
Lithuania’s manufacturer of fertilizers, Lifosa, has announced that its April sales reached LTL 77.2M, a +19.8% increase. The stock price picked up the news and closed +7.9% higher than the week before.
Lithuanian construction company Panevezio Statybos Trestas has seen its share price appreciate by +5% last week, after a triplet of favourable news was released to the public. The company has been selected to build LTL 86M worth of arena in Panevezys, has netted a Q1 profit of LTL 3.2M (vs. LTL - 0.2M in 2006) on the revenue of LTL 127.3M, a +278% increase year-on-year. Additional to better than expected results, the shareholders have approved the dividend of LTL 0.17 (1% yield, compared to 0% in 2005) for 2006.
Sanitas, Lithuanian producer of pharmaceuticals, climbed yet another +10.7% last week, fuelled by increased investor confidence after company’s announcement of its April sales being LTL 29.1M, a +532% increase year-on-year, or +49.2% after adjusting for acquisition of Poland’s Jelfa.
Tallinna Kaubamaja, Estonian store operator, has announced Q1 revenue of EUR 82.3M and an EBITDA figure of EUR 5.1M, increases of 48.1% and 150.8% respectively. Better than expected results attracted
investor interest, as share price climbed by +4.2% during 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
Estonian construction company Merko Ehitus announced to have increased its Q1 sales by +86.3% to EUR 64.9M, and earned a profit of EUR 5.8M, a +158.2% increase. The unexpectedly good result is likely to improve the share price in the short term.
Sanitas, Lithuanian producer of pharmaceuticals, will announce its April’s financial result on Friday. Investor interest is expected to remain high meanwhile, with share price benefiting further. An EBITDA figure of LTL 9.2M should be considered according to expectations. Better than expected result can also lead to Sanitas’ parent company Invalda share benefiting as well (currently, Sanitas accounts for 32.2% of Invalda’s capitalization).
Olympic Entertainment Group, Estonian based operator of casinos, is expected to suffer a downgrade by investors after announcing disappointing Q1 results. While revenues increased by +32% year-on-year, margins succumbed to the pressure of fast expansion with EBITDA down at 19% versus 30.1% for 2005.
LAST WEEK IN THE BALTIC STOCK MARKETS: SPRING COMES LATE TO THE EQUITY MARKETS ... WHILE EARLY SUMMER IS
LOOMING
A combined 60% block of shares of Snaige, Lithuanian manufacturer of refrigerators, is rumoured to have been put on sale for a potential strategic investor, Slovenia’s Gorenje being the most likely one. Having been stagnant for the rest of the week, the share jumped by +12.9% upon the news issue on Friday.
Lithuania’s manufacturer of fertilizers, Lifosa, has announced that its April sales reached LTL 77.2M, a +19.8% increase. The stock price picked up the news and closed +7.9% higher than the week before.
Lithuanian construction company Panevezio Statybos Trestas has seen its share price appreciate by +5% last week, after a triplet of favourable news was released to the public. The company has been selected to build LTL 86M worth of arena in Panevezys, has netted a Q1 profit of LTL 3.2M (vs. LTL - 0.2M in 2006) on the revenue of LTL 127.3M, a +278% increase year-on-year. Additional to better than expected results, the shareholders have approved the dividend of LTL 0.17 (1% yield, compared to 0% in 2005) for 2006.
Sanitas, Lithuanian producer of pharmaceuticals, climbed yet another +10.7% last week, fuelled by increased investor confidence after company’s announcement of its April sales being LTL 29.1M, a +532% increase year-on-year, or +49.2% after adjusting for acquisition of Poland’s Jelfa.
Tallinna Kaubamaja, Estonian store operator, has announced Q1 revenue of EUR 82.3M and an EBITDA figure of EUR 5.1M, increases of 48.1% and 150.8% respectively. Better than expected results attracted
investor interest, as share price climbed by +4.2% during 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
