Baltic market weekly review

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Autorius: DnB NORD bankas Data: 2007-06-04 14:21 Komentarai: (0)
KEY STOCKS FOR THE WEEK 04/06—08/06

Ventspils Nafta, Latvian oil transportation company, is expected to generate significant interest among investors after concluding the deal with its owner, international oil and gas corporation Vitols, to sell 49% of shares of its daughter company Ventspils Nafta Terminals. The move is promised to help the company ensure a profitable level of revenue, increased investments and job security.

Sanitas, Lithuanian producer of pharmaceuticals, will be disclosing its May sales on Friday. A result of LTL 27-29M should be seen as according to expectations.

Lithuanian apparel retailer Apranga is announcing its May revenue later today. A sales figure of LTL 30M should be seen as a prerequisite for the result to be considered according to expectations.

City Service, Lithuania’s largest commercial and residential property operator has successfully concluded its IPO last week, with demand for its shares outnumbering the supply by an estimated 6.5 times. It is expected that huge interest demonstrated by investors indicates significant upward potential for the stock, once its official trading starts on Friday, the 8th of June.

LAST WEEK IN THE BALTIC STOCK MARKETS: MARKETS ARE OUT OF THE RED FOR THE WHOLE MONTH... ...BUT FOR HOW LONG?

PTA Grupp, Estonian retailer of apparel, has announced better than expected Q1 results last week, with an EBITDA of EUR 4.03M. The result significantly improves PTA’s P/E and EV/EBITDA ratios. Additionally, the company has announced plans to more than double its retail space during 2007. The news received positive feedback from the investors, peaking the stock’s level of turnover and the price climbing by +3.2%.

Ventspils Nafta, Latvian oil transportation company, has announced that its Q1 profit has increased by 2.4 times year-onyear and reached LVL 8.1M, mainly driven by excellent results of its tanker business and oil terminal subsidiaries, and exceeding investor expectations and company’s own plan for the whole year of 2007. Company’s EBITDA meanwhile increased by 93% to LVL 6.6M, on revenues of LVL 24.1M, a 21.3% increase yearon-
year. The news helped share price appreciate by +1.5%.

Rokiskio Suris, Lithuanian supplier of dairy goods, has announced Q1 EBITDA of LTL 16.9M, +35.2% increase year-onyear, on revenue of LTL 144M, a +26.8% improvement. Increasing margins have been evaluated favourably by the investors, with stock price closing at +1.7% compared to the week before.
Parsisiųsti: Baltic market weekly review
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