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© Elana Trading |
market Highlights
The market waved between positive and negative territory but finally managed to close in the green, although near the flat line. The volumes remained subdued as the large package transactions as a whole were missing. Speculators were the main players. BGREIT outperformed. PARK REIT (4PK: 1.02; 0.97%) again set up large part from the total turnover. Alcomet (6AM: 5.50; +1.85%) attracted market’s attention. Several large deals sent the price of 6AM at BGN 5.60. Trailing P/E of the company is far above the market average. 1H net profit of the company decreased on yearly basis to BGN 2.2 m or almost 50%. 10 000 shares of EMKA (57E: 3.60; -0.91%) changed hands for consecutive session.
| SOFIX | 1025.60 | 0.11% | 1.10 |
| BG40 | 251.65 | -0.27% | -0.69 |
| BGTR30 | 663.42 | 0.15% | 0.99 |
| BGREIT | 86.79 | 0.78% | 0.67 |
| Number | Turnover | |
| Stocks | 1 024 081 | 2 444 481.76 |
| Bonds | 305 | 307 689.17 |
| Compensatory Notes | 1 525 721 | 607 385.48 |
| Primary market | - | - |
BG40 (LS)/ SOFIX (RS) (chart)
Stocks in focus
Doverie United Holding
The consolidated financial results of Doverie United Holding (5DOV: 6.70; +1.50%) improved on yearly basis. The 1H net profit reached almost BGN 4 m (including minority interest), which is 71% up y-o-y. sales improved by 19.5% to BGN 96 m as compared to BGN 80 m for the same period last year. End of period cash amounted BGN 11 m. Trailing P/E of 7 is below the market average as well as other multiples. Recently, the company was subject of buying interest and sustains levels above BGN 6.00 in improved volumes.
The position closed Thursday’s session in the green in moderate volumes.
Doverie United Holding (chart)
BILLBOARD
Billboard (5BP: 5.58; +1.09%) improved its financial results on yearly basis. The 1H 2008 net profit solidly increased to BGN 1.3 m 9including minority interest). sales also advanced – on yearly basis revenues added 42% and on quarterly basis improved by 37%. The forecasted investments are EUR 11.6 till the end of the year.
The news supported the price of 5BP on Thursday’s session but in thin volumes.
BILLBOARD (chart)
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http://reports.aiidatapro.com/BBB/Elana/21_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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21 08 2008 Bulgaria Daily Report.pdf, 54 Kb
