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© Elana Trading |
market Highlights
Bulgarian indices ended lower on Tuesday as almost 60% of their components declined. Orgachim (5ORG: 173.21; -3.77%) again fall below BGN 180.00 and pushed down BG40. Only 463 shares of 5ORG changed hands but they were enough to send the company on the down side. Doverie United Holding (5DOV: 6.70; +10.74%) outperformed the market for consecutive session but in improved volumes as compared to Monday. The position opened at BGN 6.10 and managed to close at the intraday high of BGN 6.70. The consolidated report of the company should be placed till the end of the month. On the other hand was Synergon Holding (5SR: 6.63; -3.20%), which declined in low volumes. 5SR is one of the cheapest stocks in terms of P/B ratio.
Almost 60% of the total turnover was from trading with REITs and especially PARK REIT (4PK: 1.03; +1.89%).
| SOFIX | 1027.39 | -0.80% | -8.28 |
| BG40 | 253.36 | -1.06% | -2.71 |
| BGTR30 | 669.17 | -0.44% | -2.99 |
| BGREIT | 86.46 | -0.69% | -0.60 |
| Number | Turnover | |
| Stocks | 2 036 405 | 3 466 467.85 |
| Bonds | 15 | 29 767.91 |
| Compensatory Notes | 605 108 | 235 553.20 |
| Primary market | - | - |
BG40 (LS)/ SOFIX (RS) (chart)
Stocks in focus
Kaolin
Kaolin (6K1: 7.37; -2.37%) announced consolidated 1H 2008 financial report during the session. The net profit solidly improved on quarterly basis to BGN 5.7 m, but declined y-o-y. The sales increased by almost 22% as compared to the same period last year to BGN 66.7 m. The external services costs increased on yearly basis, mainly due to the increased transport costs. The company invested totally BGN 30 m from the first half of the year. Trailing P/E of 16.4 is above the market average, whereas P/B of 1.6 remained lower. sales to companies in ceramic industry are suffering the negative impact on construction activity. The company is retaining is expectations for 2008.
The position was under selling pressure during the session in thin volumes.
Kaolin (chart)
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http://reports.aiidatapro.com/BBB/Elana/19_08_2008_Bulgaria_Daily_Report.pdf
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Copyright: 2006 Elana Trading. All rights reserved.For further Information please contact Elana Trading, 49 Bulgaria blvd. , 1404 Sofia. Phone: +359 2 810 00 40, fax: +359 2 810 00 99, e-mail: research@elana.net, web site: http://www.elana.net
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19 08 2008 Bulgaria Daily Report.pdf, 51 Kb
