СЕДМИЧЕН БЮЛЕТИН НА СИС (29 НОЕМВРИ – 3 ДЕКЕМВРИ) С НАЙ-ВАЖНИТЕ СЪБИТИЯ НА БЪЛГАРСКИЯ КАПИТАЛОВ ПАЗАР
A PEEK INTO THE AUGUST PERFORMANCE
Market Overview ( September 20th – September 24th )
The main Bulgarian index SOFIX increased by 1.37% this week, up to 564.03 points. The broad index BGBX40 increased by 2.19% to 132.23 points. BGREIT increased this trading week to 161.58 points, up by 0.29%.
Stara Planina Hold AD (SPH), M+S Hydraulic AD (MSH), and Hydraulic Elements and Systems (HES) reported numbers for the first 8-months of the year.
Stara Planina Hold AD had grown its consolidated revenue by 36.66% year over year. It is expected that it will mark nearly 40% sales growth for the first 9 months YoY.
M+S Hydraulic AD reports sales of BGN 11.2 mln for August and BGN 96.2 mln for the first 9 months. and interim unofficial gross profit of BGN 964 thousand for August.
Hydraulic Elements and Systems AD announced unofficial financial results for July and August – BGN 692 thousand and BGN 6.2 mln for the first 8 months. This result is nearly doubled compared to the first 8 months of 2020.
Bianor Holding AD (BNR) announced that it will pay out BGN 1.4mln dividend from the company’s retained earnings, representing BGN 2.08 per share. The company’s shareholders have also decided “Bianor” to buy back up to 20,256 shares, or 3% of the total number of issued shares.
On September 20, the Ministry of Finance successfully placed 10-year Government Treasury Notes for a total nominal value of BGN 300 million at a weighted average annual return of 0.20%. At the end of July, the Debt-to-GDP ratio was 23.9%.
Active COVID-19 cases in Bulgaria are flat a 7-day MA of 1,507 cases. The active cases at the end of the week were 41,874. The total number of fully vaccinated people so far is 1,309 mln, which is 18.84% of the population in Bulgaria.
You can access the pdf file here.
The analyst (s) responsible for the preparation of this document shall ensure that: (1) they take all necessary care to accurately reflect the information contained in this document; (2) no part of the analyst’s remuneration is, has been or will be linked, directly or indirectly, to the recommendation or opinions expressed in this document.
Financial interest: Sofia International Securities may trade or own the financial instruments specified in this document. Sofia International Securities does not own more than 5% of the financial instruments in circulation, subject to analysis or comment in this document. The analyst (s) do not own any shares of the companies, unless explicitly mentioned.
Disclosure of information
Due care has been taken to ensure the accuracy of the facts cited, the reliability of the sources of information and the clear definition of the assumptions, predictions, forecasts and expected prices in this document. The information presented in this document is based on publicly available information, which is considered reliable, but for which no responsibility is taken for completeness and accuracy. Neither Sofia International Securities nor the company’s employees should be held responsible for the publicly available information used. The opinion expressed in this document may differ from the disclosed views in other departments and divisions of Sofia International Securities or from other employees. Additional information on this document is available upon request. The sources of information in the tables and graphs in this document are calculations by Sofia International Securities, unless otherwise stated.
Risks for investors
This document has been prepared and presented for the purpose of summary and informational purposes only and does not constitute a study within the meaning of Art. 13 of Commission Delegated Directive (EU) 2017/593 of 7 April 2016. The information in this document should not be considered as an offer to buy or sell financial instruments or an independent investment council within the meaning of Directive 2014/65 / EU of The European Parliament and the Council of 15 May 2014, Sofia International Securities AD has not assessed the appropriateness in relation to the financial instruments mentioned in this document. The investment opportunities discussed in this document may not be appropriate for certain investors depending on their investment objectives and time horizon or in the context of their overall financial condition. The risks associated with investing in the financial instruments mentioned in this document are not fully explained. The price or value of the investment may decrease or increase. Securities or investments can lead to losses for the investor. A previous achievement is not a guarantee of future performance. Changes in exchange rates may have an adverse effect on the value, price or return on investment in securities. Sofia International Securities AD assumes no responsibility for losses incurred in connection with investments made on the basis of information contained in this document.
The analyzes of Sofia International Securities are the exclusive property of the investment intermediary and any publication, distribution, reprinting and citation of content is possible only after the explicit written consent of the „Research and Analysis“ department of the company. It is not allowed to use the analyzes of the investment intermediary from a third party for commercial purposes.