Autorius: DnB NORD bankas, Parašyta: 2007-08-13 09:27.
URL: https://www.traders.lt/page.php?id=517
KEY STOCKS FOR THE WEEK 13/08—17/08
Panevezio Statybos Trestas, Lithuanian construction company, has announced on Friday after trading hours that it has more than doubled its y/y H1 revenue to LTL 281M, while profits quadrupled to LTL 17.3M. Despite grim expectations for global real estate markets, exceptional results, coupled with all time low P/E the company is trading at, should help the position excel in the short term.
Ukio Bankas has announced July result of LTL 5.4M on Friday, dispelling any further speculation on the possibility of turning in the same profitability figures as it did during the H1. The news are expected to cool down investors in the short term, while longer and mid term investors will find that even at adjusted multiples the bank is still trading below peer levels.
Merko Ehitus, Estonian construction company, has withdrawn its bid to build Latvian national library in Riga, an undertaking, at EEK 6B, worth close to company’s yearly revenue. Despite hints of project being unprofitable, we expect the psychological factor of the news to drive investor behaviour in the short term, with downward push on the share price.
LAST WEEK: US HOUSING CRISIS CONTAMINATES GLOBAL MARKETS... AS PHARMACEUTICAL STOCKS FLOURISH
Baltic markets were no different from the rest of the world exchanges last week, with only a handful of positions managing to resist global downturn. Pharmaceuticals proved to be one of the industries benefiting from all the others suffering ill fate.
Grindeks, Latvian pharmaceuticals supplier, has posted H1 sales of LVL 25.93M (+25% y/y), with profit margin down at 13.4%, for a total figure of LVL 13.9M (21.4% y/y). Investors met the news favourably, with share price up +3.2% during the week.
Sanitas, Lithuanian based manufacturer of pharmaceuticals, also benefited from the industry’s push upwards, despite turning around just on-target LTL 24.6M during July. Share price rose by +2.86% during the week following the announcement.
Pieno Zvaigzdes, Lithuanian dairy producer, has announced significantly better than expected H1 results during the week, with net profit at a record high LTL 11.6M. The company’s success fuelled expectations about the whole sector benefiting, with shares of Rokiskio Suris and Zemaitijos Pienas appreciating likewise and closing at +0.57%, +0.8%, and +2.8% correspondingly.
Parsisiųsti: Baltic market weekly review 
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