СЕДМИЧЕН БЮЛЕТИН НА СИС (20 СЕПТЕМВРИ – 24 СЕПТЕМВРИ) С НАЙ-ВАЖНИТЕ СЪБИТИЯ НА БЪЛГАРСКИЯ КАПИТАЛОВ ПАЗАР:
„SPEEDY AD“ TO PAY OUT A RECORD DIVIDEND
Market Overview (August 2nd –August 6th)
The main Bulgarian index SOFIX increased by 1.33% this week, up to 580.27 points. The broad index BGBX40 decreased by 0.05% to 127.02 points. BGREIT increased this trading week to 164.22 points, up by 0.91%.
Speedy AD (SPDY) announced that it plans to pay out over BGN 28mln dividend, representing BNG 5.25 per share. If voted, this will be among the highest dividend payouts from Bulgarian public companies in recent years.
Bulgarian American Credit Bank (BACB) published financial results for Q2 2021. The net profit surged 32% to BGN 8,204mln compared to the same period last year. The result was driven predominantly by an increase in the interest income of 5.2% and simultaneously reduced interest expenses. The revenue from fees and commissions, which is not a significant portion of the total income, also grew by 18.7% compared to the same period the previous year.
Eurohold Bulgaria (EUBG) offered tender prices below the market prices for CEZ Distribution Bulgaria (CEZD) and CEZ Electro Bulgaria (CEZE). On Wednesday, 04.08.2021, the offered price for CEZ Distribution Bulgaria was BGN 276.88, 4.5% lower than the last closing price. This was followed by a tender offer on Thursday, 05.08.2021, for CEZ Electro Bulgaria was BGN 26 070, 6.9% below the last closing price.
Bulgaria Consumer Confidence decreased by 11.3% to -27.4 in Q3 from the previous reading of -30.9 in Q2. The result was close to that expected -27.5. The benchmark interest rate in Bulgaria remained 0%.
Active COVID-19 cases in Bulgaria are on an increasing trend with a 7-day MA of 372 cases. The incidence of coronavirus is ca. 232 infections per day. The total number of fully vaccinated people so far is 1 034 184, which is 14.8% 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.