Daily comment:
With 0,3% decline domestic popular benchmark slipped below 3.500 pts while regular stock turnover amounted to HRK 39,9 million. Beside regular stock turnover we have seen HRK 45,9 million in block turnover out of which HRK 35,8 million collected Koprivnica based food producer Podravka (PODR-R-A). Podravka Group’s 2Q 2008 results gave some hope considering business operations in 2008. Beside sales growth, Co also realized EBIT growth. Although operating income increase was driven by depreciation drop, it is positive that Co after 27% decline in EBIT in FY 2007 managed to record 9% growth in 1H (both in Q1 and Q2). Additional bock turnover was made with paper producer Belisce (BLSC-R-A) and hotel company Riviera Porec (RIVP-R-A) with both of them collecting HRK 5 million in block turnover. Oil and gas company Ina (INAR- A) gained 0,4% after the Prime Minister stated that share swap between the Government and Hungarian oil company Mol is the most possible solution. While expecting Mol’s official turnover bid, the investors are speculating that this solution is good for them as well since Mol would have to pay only for their shares leaving a possibility for a higher takeover price. Construction consulting company Institut gradevinarstva Hrvatske (IGH-R-A) lost 0,5% collecting HRK 1,5 million in turnover, while construction company Tehnika (THNK-R-A) gained 1,0% after a news that their representatives are currently in Montenegro on consultation meeting regarding the tender for construction of 169,2 km long highway. IGH and Tehnika are a part of domestic consortium which submitted a bid for this EUR 1,9 bn worth project. Other companies from construction sector experienced a decline today with construction engineering company Ingra (INGR-R-A) losing 0,5%, heavy constructor and power trunk producer Dalekovod (DLKV-R-A) dropped 1,3%, while civil engineering company Hidroelektra niskogradnja (HDEL-R-A) declined by 1,7% to end at HRK 731,15.
news flash:
- Doubts grow on Russia’s WTO plans
- Bank customer data sold on eBay
- Oil price fall lifts US consumers
- Indian oil firm to buy Imperial
CROBEX index - Zagreb Stock exchange -0,3%
change in 2008. -33,2%
CROBEX index - Zagreb Stock exchange (chart)
Avg price change for CROBEX members (chart)
market multiples - shares (tables)
*****
To view the original document, please click on the link below:
http://reports.aiidatapro.com/CBB/FIMA/stock_report20080826.pdf
*****
FIMA FAS Ltd.
42000 Varazdin * Anina 2 * Croatia * Tel: +385-42-390900 * Fax: +385-42-390990 *
http://www.fima.com
e-mail: fima-fortis@fima.com
*****
AII Data Processing Ltd does not endorse in any way, the views, opinions or recommendations expressed above. The use of the Information is subject to the terms and conditions as published by the original source, which you have to read and accept in ull prior to the execution of any actions taken in reliance on Information contained herein.
 | SeeNews SeeNews is a business and financial news and information provider which brings its visitors and customers access to detailed coverage on the fast-growing companies, economies and markets of ten Southeast European nations. |
Search for: news |
Search for: tender |
Search for: market |
Search for: share |
Search for: company |
Search for: index |
Search for: exchange |
Search for: tables |
Search for: chart |
Search for: sales |
Search for: Croatia |
Search for: Montenegro |
stock report20080826.pdf, 106 Kb
