СЕДМИЧЕН БЮЛЕТИН НА СИС (20 ДЕКЕМВРИ- 23 ДЕКЕМВРИ) С НАЙ-ВАЖНИТЕ СЪБИТИЯ НА БЪЛГАРСКИЯ КАПИТАЛОВ ПАЗАР
VOLATILE WEEK AMID INFLATION DATA
Market Overview (August 09th –August 13th)
The main Bulgarian index SOFIX increased by 0.30% this week, up to 582.59 points. The broad index BGBX40 increased by 1.24% to 129.42 points. BGREIT increased this trading week to 165.33 points, up by 0.60%.
Telelink Business Service Group AD (TBS) announced that it plans to pay out over BGN 10.25mln dividend in September for the first fiscal half-year, representing BNG 0.82 per share.
Trace Group Hold AD (T57) announced that it plans to pay out over BGN 4.84mln dividend for the 2020 fiscal year, representing BNG 0.20 per share. This represents approximately a 30% dividend payout ratio and a 5.5% dividend yield.
Prime Property BG REIT (PPBG) published financial results for Q2 2021. The revenue from investment properties has increased by 26% YoY to BNG 24,000. On the other side, the operating expenses have slightly decreased by 6.7%, however are still high above the revenue – 13x more, resulting in a net loss of BGN -296,000. For the present, the company has good cash reserves of BGN 2.9mln.
The inflation rate in Bulgaria for July is 3.0%, which came close to the forecasted. On the other side, the Trade Balance for June increased from May by 11% to BGN -808.7mln. For a fourth consequent month, the Retail Sales for July were positive, reporting a 23% rise YoY. The same goes for Industrial Production. It grew by 9.7% last month YoY.
Active COVID-19 cases in Bulgaria are on an increasing trend with a 7-day MA of 741 cases. The active cases at the end of the week are 14,734. The total number of fully vaccinated people so far is 1,070mln, which is 15.3% 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.