JAT Tehnika and Bottling Plant Heba Attract Investors
Banks Increase Half Year Net Income by 57% y-o-y
The Belgrade Stock exchange suffered yet another week in the red after its two main indexes, BELEXline and the "blue chip" index BELEX15, closed at -1,32% and -1,57% respectively. Overall turnover dropped by - 36,92% week on week, while the number of transactions were -3,44% less than the previous week. A total of 208 stocks were traded this week; 46 stocks noted a price increase, 143 stocks lost value since last week and 19 stocks remained unchanged.
The total turnover for stocks this week amounted to RSD 483 million with the top ten stocks making up 68% of the total turnover. The most traded stock this week was AIK Bank (BSE: AIKB) with a total turnover of RSD 78,34 million followed by the construction and management company, Energoprojekt Holding (BSE: ENHL) which had accumulated RSD 46,3 million of turnover.
The 13 investment funds in Serbia lost -1,34% of their assets this week or EUR 560,000 of value in total. Ten of the thirteen investment funds lost in value while only three investment funds increased their assets through new investments or index increase.
The bonds market reported a total turnover of EUR 868,749 with bond A2014 accumulating nearly EUR 340 thousand. The bond had a price increase of 4,35% week on week while the largest price loss was recorded by the bond maturing in 2016 which lost -1,60% of its price.
market Data
BELEX15 (chart)
BELEXline (chart)
Turnover and Transactions (table)
Bonds - Prices & Yield Curve (table and chart)
Stocks
Most traded (table)
Most Advanced (table)
Most Declined (table)
Selected Stock Charts (charts)
Stock Screen (charts)
industry research - PEER Comparison
Agriculture (table)
Banking (table)
Chemicals and Pharmaceuticals (table)
Confectionary (table)
Construction and Engeneering (table)
Dairy Products (table)
Edible Oil and Oil Products (table)
Insurance (table)
Milling industry (table)
Mining (table)
Road Construction (table)
Telecomunications (table)
Trade and Distribution (table)
Water Bottling (table)
industry Comparison (table)
industry Monitor - (Median Rates for Selected Groups of Companies) (chart)
Stocks - Block Trading (table)
currencies - Median Rates (table)
Investment Funds (table, chart)
Regional Markets (table)
T - Bills Republic of Serbia (tables and charts)
Macroeconomics Quickview (table)
EUR/RSD Median Rate (chart)
MSCI Emerging markets Eastern Europe 2006, 2007 and 2008 Relative performance (chart)
Investment Funds (table)
Focus Premium Investment Growth Fund (chart)
Headlines
- Cabinet without debate on 10% hike in pensions
- Economy ministry, Zastava sign annex to social program
- Jeremic: Serbia, UN may reach deal on international civilian presence in Kosovo
- Serbia halts sale of companies headquartered in former Yugoslav republics
- Government adopts bill on general product safety
- Energy, economy ministers claim energy deal with Russia will be ratified
- Economy minister to propose changes in conflict of interest legislation
- Serbian unit of Bank of Moscow to launch operations in October
- Vip Mobile records EUR 9.5mn EBITDA loss in Q2
- Local media reveals names of prospective bidders for JAT Tehnika
- Detergent maker Beohemija-Inhem acquires Slovenia’s Sampionka
- Cabinet to debate 10% pension hike at its next session, PUPS leader says
- Gross insurance premiums rise by 19.4% y/y in H1 to RSD 28.7bn
- Three companies buy tender documents for JAT Tehnika
- Ikarbus posts RSD 2.6bn revenues in Jan-Jul
- Canada’s Empire Mining Corporation obtains exploration license in Serbia
- DS official Dragan Djilas elected mayor of capital Belgrade
- Deputy PM Djelic says he expects no delay in Serbia’s EU integration
- Cabinet to scrap regulations hindering investment
- PM confirms Serbia’s commitment to interstate energy deal with Russia
- Telecom minister expects sector to grow 10% in 2008 to EUR 1.65bn
- General Motors allegedly considers setting up car production plant in Kragujevac
- Delta Holding eyes Croatia’s Zagrepcanka
- Privatisation deal for Boska store likely to be completed in September
- Two local companies file binding bids for drinks firm Heb
- CPI inflation decelerates to 13.9% y/y in July
- Serbia’s 2008 wheat output grows by preliminary 13.7% y/y
- Telenor tops Development Fund’s list of most successful companies
- State railway company buys cargo wagons thanks to EUR 57mn EBRD loan
- DS, LDP reach agreement on governing Belgrade
- Minister Ljajic: Serbia expects positive report on cooperation with ICTY
Stories
Russia's ambassador says his country will fulfill its obligations as stated in the energy agreement with Serbia. “Any delay of the realization of the agreement will be damaging to both sides, and failure to fulfill parts or the entire agreement will damage cooperation between Russia and Serbia,” Aleksandr Konuzin told a press conference in the Nis city presidency today. He reminded that the energy agreement was signed in the presence of “senior state officials of both countries” and that “Russia asserts that both sides need to fulfill the obligations they accepted.”Konuzin said that Russian Minister Of Emergency Situations Sergei Shoigu postponed his visit to Serbia earlier this month because of s humanitarian catastrophe in South Ossetia, and because he had to coordinate help for that region. Shoigu was to meet with senior officials in Belgrade to discuss the ratification of the strategic energy agreement, signed on Jan. 25 in Moscow, which calls for the construction of a part of the South Stream gas pipeline through Serbia and the sale of Serbian oil monopoly NIS to Russia's Gazprom. Konuzin said that Niš is very important to the realization of the pipeline project, because the South Stream would be built through that city, adding that construction companies from this southern city would be able to participate in the project. “The task is not only to build a pipeline but to use it effectively, which means that Serbians must continue to work on it. For that, it is necessary to master technical skills and to learn the Russian language,” Konuzin concluded.
Mladan Dinkic and Zastava trade union officials have signed an annex to the company pension plan. The economy minister said that the plan gave Zastava workers four options, two of which were completely new and which would be enacted for all 30,000 workers, the estimated number of employees involved in the restructuring process. One of those two options is that workers receive a classic severance pay of EUR 3,000 per year of work with the company, for which Fiat will set aside EUR 200 and the state EUR 100 per man, Dinkic explained. He said that the other option was compensation for those who were five years or less from retirement, at a level of six average wages in Serbia totaling EUR 3,250 plus a bonus 60 percent a month of the average national wage. “For example, if someone has four years left until retirement and decides to take this option, he will receive EUR 3,250 severance plus EUR 325 per month, which means that the worker will receive a total of EUR 18,850 by the time the period expires,” the minister said. He added that the plan was valid only for companies in the process of restructuring (Zorka, RTB, Prva Petoletka), because they were lossmaking companies, stating that the plan did not apply to other companies in the privatization process. Dinkic said that the annex stipulated that the remaining wages to be paid for the period 1997-2001 amounted to EUR 10.5mn. He could not, however, forecast how much would be set aside from the budget initially, adding that that would be decided after the rebalance. The minister added that another new feature was that workers transferred to the new Fiat company in Serbia would also get “a piece of the pie” from the 30 percent figure that the state received as a co-owner.
Stocks - Full report (table)
*****
To view the original document, please click on the link below:
http://reports.aiidatapro.com/SBB/Sinteza/18-22_Aug_2008_Sinteza_Weekly.pdf
*****
Copyright: 2007 Sinteza Invest Group AD. All rights reserved.
For further Information please contact Sinteza Invest Group, 10A Mihajlo Pupin Blvd., 11070 Belgrade, Serbia
Phone: + +381 11 3018 740;, fax: +381 11 3018 748, e-mail: info@sinteza.net, web site: http://sinteza.net/
*****
AII Data Processing 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 full 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: investments |
Search for: privatization |
Search for: deal |
Search for: tender |
Search for: market |
Search for: assets |
Search for: bond |
Search for: management |
Search for: share |
Search for: company |
Search for: industry |
Search for: index |
Search for: currencies |
Search for: exchange |
Search for: report |
Search for: conference |
Search for: tables |
Search for: chart |
Search for: Serbia |
Search for: research |
18-22 Aug 2008 Sinteza Weekly.pdf, 337 Kb
