Baltic market weekly review

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Autorius: DnB NORD bankas Data: 2007-08-06 10:30 Komentarai: (0)
KEY STOCKS FOR THE WEEK 06/08—10/08

Vilniaus Baldai, has announced today that its July sales have reached LTL 12.9M, a 32.4% increase y/y. However, its in a shade compared to June’s sales growth of 59.7%, which nevertheless did not help the company achieve its projected H1 EBITDA by a wide margin. We expect the investors to exercise more care about the position, which has demonstrated good performance during last month, resulting in a downward pressure on the stock price during the week.

Pieno Zvaigzdes, Lithuanian dairy producer, has announced today that during H1 it has generated LTL 309.7M in revenue, earning an EBITDA of LTL 33.6M and a net profit of LTL 11.6M, increases of 24.5%, 22.9%, and 29.4% respectively. Being the best result in company’s history, we expect the news to receive a warm welcome from the investors, boosting the share price in the short term.

Sanitas, Lithuanian based manufacturer of pharmaceuticals, is to announce its July sales on Wednesday. As July is historically a low income month in the pharmaceuticals industry due to holiday season in the channel, we expect the result to be significantly lower than June. A figure of LTL 24.8M should be seen as a good result. A better performance should help share price to rebound.

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Arco Vara, Estonian real estate developer, has announced to have acquired its second development project in Bulgaria. The news managed to finally brake the recent dive in share price, with a strong rebound of +5.91% during the week.

Sanitas, Lithuanian based manufacturer of pharmaceuticals, has seen it share price tumble by –4.55%, when the revised forecasts for 2007 did not support very high expectations investors have been betting on the stock, seeing as its share price enjoyed double digit growth during the previous weeks.

Baltika, Estonian apparel retailer, has its announced July sales of EEK 90.1M, an increase of +37% y/y. The news were met enthusiastically by the investors, helping the share price grow by +4.41% during the week.
Parsisiųsti: Baltic market weekly review
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