Baltic market weekly review

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Autorius: DnB NORD bankas Data: 2007-07-23 15:35 Komentarai: (0)
KEY STOCKS FOR THE WEEK 23/07—27/07

PTA Grupp, Estonian apparel retailer, has concluded its public offer of new shares and will start trading on the Warsaw Stock Exchange today, at a reference price of EUR 5.25. Due to huge discrepancy in the share price between the Tallinn and Warsaw exchanges, we expect strong corrective push upwards in Warsaw, and respectively downward in Tallinn.

Baltika, Estonian apparel retailer, will announce its H1 result on Tuesday. We expect the company to earn an EBITDA of at least EEK 70M on the sales of EEK 536M. A decrease in the margin would call for a downward adjustment in the share price.

Vilniaus Baldai, Lithuanian furniture manufacturer, will announce its first half results later today. On the already disclosed H1 sales of LTL 74.3M, we estimate an EBITDA of LTL 7.1M to be considered according to expectations. The share price is expected to react to the announced results accordingly.

Sanitas, Lithuanian based manufacturer of pharmaceuticals, is to announce its firs half financials on Thursday. Investors should be looking for an H1 EBITDA figure of LTL 55M to justify their investment. Particularly good results would also benefit Sanita’s mother company’s Invalda shares as well.

LAST WEEK: FOREIGN FUNDS AIM FOR THE BULLS EYE... H1 EXPECTATIONS PULL MARKETS TO NEW HEIGHTS

PTA Grupp, Estonian apparel retailer, has seen its stock prise rise by +9.76% last week, as public share offer to be listed on the Warsaw Stock Exchange has seen successful conclusion, with trading commencing today.

TEO LT, Lithuania’s leader in voice and data communication services, has announced its H1 results on Thursday, with sales and profitability figures beating our expectations. The share price picked up on the news, closing +3.66% higher during the week.

Olympic Entertainment Group, Estonian operator of casinos and hotels, has announced further expansion in its Ukraine operations, as well as acquiring an Estonian hotel group. Investors reacted positively to the news, with share price appreciating by +3.23% week-on-week.

Harju Elekter, Estonia’s leading electric equipment manufacturer, has announced to have sold its PKC Group Oy shareholding of 8.9%, in order to fund investments in new production technologies. Investors did not seem to approve of the fund allocation plan, with share price down by –6.25% during the week.
Parsisiųsti: Baltic market weekly review
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