S IMMO AG

S Immo AG is an Austria-based company engaged in the real estate sector. The Company specializes in the acquisition, letting and sale of properties. Furthermore, It offers real estate project developments, which includes Einsteinova office, Quartier Belvedere Central, and The Mark office project, among others, renovation of existing properties, asset and portfolio management and a range of services, such as facility management and brokerage. The Company's real estate portfolio comprises residential, office, retail and hotel properties. It operates four geographical segments: Austria, Germany, Central Europe (CEE) and Southeastern Europe (SEE). In addition, the Company is a parent of CEE Immobilien GmbH, Hansa Immobilien EOOD, Rega Property Invest sro, Ikaruspark GmbH, SC Societate Dezvoltare Comercial Sudului (SDCS) SRL, Maior Domus Hausverwaltung GmbH, and Eurocenter doo, among others.
  • TickerSPI
  • ISINAT0000652250
  • ExchangeVienna Stock Exchange
  • SectorReal Estate Investment & Services
  • CountryAustria
Research Team

The Rear-View Mirror – EME markets: Equity returns mixed as rebound forces weaken

EME Equity Market – June 2020 Market performance – in June, Turkish equities performed the best (+7.7%), while Hungary was the weakest (-2.2%). Following its rebound in the past couple of months, the MSCI EM Europe Index declined in June, losing 1.8% in EUR terms and 0.6% in local currency terms. Turkish equities were the best performers, with the ISE30 Index +7.7%, followed by Prague’s PX Index (+3.5%), and the WIG20 (+2.3%). After its good run in May, the Romanian BET lost 0.3% in June, while the Russian MOEX was down 2%. Greek equities declined 2.1%, while the worst-performing index was the...

Raiffeisen Centrobank Equity Daily 24.06.2020

 AT: Andritz - Large pulp mill order from Sun Paper (neutral)  AT: Erste Group, Raiffeisen Bank International - Slovak bank tax to be abolished (positive)  AT: S IMMO - Nearly all properties open again, shopping mall footfall more than 70% of pre-crisis levels (positive)  CZ: Czech Banks - With Slovakia abolishing the bank tax, the probability of a Czech levy fades (positive)  HU: Hungarian Banks - Central Bank unexpectedly cut the base rate by 15 bps (negative)  RO: Electrica - Electrica will acquire a 100% stake in a small photovoltaic farm (neutral)  RU: LUKoil - Shareholders approve...

Research Team

WOOD Daily: EME Strategy – MSCI; YNDX US; HU Macro; RU IT; DNP PW; SPI AV; OPL PW; EL RO; MOEX RX; GTC PW; LPP PW

HEADLINES: • EME Strategy: MSCI 2020 Annual Market Review - Iceland joins MSCI FM; Turkey on MSCI's radar • Yandex: to issue USD 800m of new shares, strong 2Q guidance • Hungary macro: MNB cuts intensified deflationary risks • Russian IT: sector tax cuts POSITIVE • Dino: PLN 160m investment into two new distribution centres POSITIVE • S Immo: most properties open again NEUTRAL • Orange Polska: renegotiates social agreement with trade unions NEUTRAL • Electrica: announces acquisition of small solar park NEUTRAL • Moscow Exchange: first evening session on the equity market NEUTRAL • GTC: Opti...

Sparkassen Immobilienanlagen AG: 1 director bought

A director at Sparkassen Immobilienanlagen AG bought 3,753 shares at 15.860EUR and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. ...

Bernd Maurer ...
  • Markus Remis

Special Focus Covid-19: Initial assessment of lessons learned

The emergence of Covid-19 and the subsequent development into a worldwide pandemic has triggered a sudden, unprecedented and far-reaching economic shock. The imposition of lockdown measures to prevent the spread of the virus has caused deep scars in the macroeconomic environment and many countries are introducing economic and fiscal support programmes or will do so. As it appears that the virus spread is increasingly contained in many countries and with lockdowns having been increasingly eased or lifted we think it is about time for an initial assessment of what could be potentially lasting an...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

After failing to break above resistance, global equities (MSCI ACWI) have had a rough start to the third quarter. Tuesday's 10-year low reading for September's US ISM manufacturing index further spooked investors and reignited global growth concerns. Continued weakness in global manufacturing and the US-EU tariff escalation raises the potential for a breakdown in global equities, however our outlook remains neutral as long as the MSCI ACWI remains confined to its horizontal range. • Prevailing trends continue for major indexes. Trends that began in March/April remain intact. That is, the MSCI...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Testing 200-day MA support Generally speaking most major indexes are currently trading at the lower end of their May trading ranges. Barring improving headlines regarding tariffs & trade or comments from the Fed suggesting a potential rate cut on the horizon - both of which would result in a weaker U.S. dollar - we believe global markets are vulnerable to further weakness. With global markets in purgatory, we are watching for support at the all-important 200-day moving averages on the S&P 500, MSCI ACWI, ACWI ex-U.S., and EAFE indexes. Breakdowns below these support levels would be problemati...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

The MSCI ACWI advanced to another new high yesterday - to levels not seen since mid-March - as global markets have shrugged off the Italian political situation. Both the U.S. and Emerging Markets are leading the move to new highs (more on EM later). While potential resistance levels exist, these recent developments only improve on our already positive outlook... see charts below. • Major themes: Opportunities within Technology and Real Estate. Global Technology stocks are breaking out to new highs and are reasserting their leadership status. Remain overweight/add exposure... see pages 2 and 7...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

As support levels continue to hold for the MSCI ACWI and S&P 500, our neutral but constructive outlook remains. Additionally, we reiterate our expectation for more consolidation and volatility. In today's report we highlight actionable stocks within countries that are displaying bullish price and relative strength trends. • Asia/Pacific. In Japan, the TOPIX continues to exhibit leadership characteristics. Stay overweight. Broadly speaking, global Consumer Staples stocks are lagging, but Japan is the exception. Hong Kong's Hang Seng Index also remains on bullish footing... see pages 2 and 5-11...

Sparkassen Immobilienanlagen AG: 1 director bought

A director at Sparkassen Immobilienanlagen AG bought 3,753 shares at 15.860EUR and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. ...

Raiffeisen Centrobank Equity Daily 24.06.2020

 AT: Andritz - Large pulp mill order from Sun Paper (neutral)  AT: Erste Group, Raiffeisen Bank International - Slovak bank tax to be abolished (positive)  AT: S IMMO - Nearly all properties open again, shopping mall footfall more than 70% of pre-crisis levels (positive)  CZ: Czech Banks - With Slovakia abolishing the bank tax, the probability of a Czech levy fades (positive)  HU: Hungarian Banks - Central Bank unexpectedly cut the base rate by 15 bps (negative)  RO: Electrica - Electrica will acquire a 100% stake in a small photovoltaic farm (neutral)  RU: LUKoil - Shareholders approve...

Bernd Maurer ...
  • Markus Remis

Special Focus Covid-19: Initial assessment of lessons learned

The emergence of Covid-19 and the subsequent development into a worldwide pandemic has triggered a sudden, unprecedented and far-reaching economic shock. The imposition of lockdown measures to prevent the spread of the virus has caused deep scars in the macroeconomic environment and many countries are introducing economic and fiscal support programmes or will do so. As it appears that the virus spread is increasingly contained in many countries and with lockdowns having been increasingly eased or lifted we think it is about time for an initial assessment of what could be potentially lasting an...

Research Team

The Rear-View Mirror – EME markets: Rebound continues, all indices in the black on lower volumes

EME Equity Market – May 2020 Market performance – the rebound that started in April continued across the board, with the Romanian BET Index gaining the most in EUR terms (+8.9% mom). The MSCI EM Europe Index gained 6% in EUR terms and 7.5% in local currency; while the Romania BET Index grew 8.9% in EUR terms and 9.1% in RON terms, the best performer for the month. The MOEX Index added 7.5%, while the Polish WIG20 Index was up 6.6%. The Turkish benchmark, the ISE30 Index, added 4.5%, and the Greek ASE Index gained 3.9%, while the Hungarian BUX recorded an increase of 3.7%. The weakest performer...

Oliver Simkovic

S IMMO 1Q 20 - Aside from negative valuation effects, a solid 1Q 20

As previously announced the 1Q results of S IMMO were affected by a negative revaluation result of EUR 31.5 mn, which resulted in a negative operating profit amounting to EUR -12.5 mn and net profit of EUR -21.4 mn. This is also the primary driver for the EPRA NAV decline to EUR 23.3 per share (vs. EUR 26.5 at year end). Meanwhile rental income and EBITDA increased, slightly better than previously guided by almost 10% yoy (guided 5-8%) to EUR 31.1 mn and EUR 21.4 mn respectively. The yoy increase was mainly driven by added GLA in FY 19. Cash earnings were strong at EUR 13.8 mn, which was a 28%...

Raiffeisen Centrobank Equity Daily 26.05.2020

 AT: AMAG - 2019 dividend proposal cut to EUR 0.50 from original proposal of EUR 1.20 (negative)  AT: AT&S - Doerflinger Privatstiftung raises stake by 80k shares to 18.0% (neutral)  AT: S IMMO - Results as guided significantly affected by revaluation result, EPRA NAV decline to EUR 23.31 per share, strong cash earnings (neutral)  AT: UBM - 1Q 20 driven by strong positive revaluation effects, negative FX effects (neutral)  AT: UNIQA - CEO Brandstetter steps down as CEO of UNIQA foundation, the majority shareholder (positive)  EU: Banks - EBA published a preliminary assessment of the impa...

Research Team

The Rear-View Mirror – EME markets: Equity returns mixed as rebound forces weaken

EME Equity Market – June 2020 Market performance – in June, Turkish equities performed the best (+7.7%), while Hungary was the weakest (-2.2%). Following its rebound in the past couple of months, the MSCI EM Europe Index declined in June, losing 1.8% in EUR terms and 0.6% in local currency terms. Turkish equities were the best performers, with the ISE30 Index +7.7%, followed by Prague’s PX Index (+3.5%), and the WIG20 (+2.3%). After its good run in May, the Romanian BET lost 0.3% in June, while the Russian MOEX was down 2%. Greek equities declined 2.1%, while the worst-performing index was the...

Research Team

WOOD Daily: EME Strategy – MSCI; YNDX US; HU Macro; RU IT; DNP PW; SPI AV; OPL PW; EL RO; MOEX RX; GTC PW; LPP PW

HEADLINES: • EME Strategy: MSCI 2020 Annual Market Review - Iceland joins MSCI FM; Turkey on MSCI's radar • Yandex: to issue USD 800m of new shares, strong 2Q guidance • Hungary macro: MNB cuts intensified deflationary risks • Russian IT: sector tax cuts POSITIVE • Dino: PLN 160m investment into two new distribution centres POSITIVE • S Immo: most properties open again NEUTRAL • Orange Polska: renegotiates social agreement with trade unions NEUTRAL • Electrica: announces acquisition of small solar park NEUTRAL • Moscow Exchange: first evening session on the equity market NEUTRAL • GTC: Opti...

Research Team

WOOD Daily: TKFEN TI; EXAE GA; HU Macro; CAI AV; ENA PW; PGE PW; PL Banks; MTSS RX; SPI AV; BOCH LN; WPL PW

HEADLINES: • Tekfen Holding: cheap, despite COVID-19 headwinds (stays BUY) • Athens Exchange Group: risk-reward finally appealing (upgraded to BUY) • Hungary macro: MNB keeps rates unchanged • CA Immo: 1Q20 - limited impact; stellar balance sheet, collection rate at c.80% in April • Enea: strong preliminary 4Q19 numbers • PGE: 1Q20 results in line with prelims NEUTRAL • Polish banks: government still pushing through credit holiday legislation NEGATIVE • Mobile TeleSystems: 1Q20 results - neutral, OIBDA up 2% yoy, in line with the consensus NEUTRAL • Mobile TeleSystems: key takeaways from...

Research Team

WOOD Daily: SBER RX; PEO PW; CEZ CP; VAKBN TI; MAVI TI; SPI AV; Turkish Automotive; ELPE GA; KGH PW; SNN RO

HEADLINES: • Sberbank: less compelling at peak P/E and 1x book (downgraded to HOLD) • Bank Pekao: results affected by COVID-19 and restructuring reserves, but solid otherwise • CEZ: 1Q20 beats trading gains, but FY20E guidance cut by CZK 1-2bn on COVID-19 NEGATIVE • Vakifbank: Turkey to boost state banks' capital by USD 3bn over pandemic NEGATIVE • Mavi: re-opening schedule for Turkey POSITIVE • S Immo: 1Q20 preliminaries - 5-8% yoy growth in underlying earnings, revaluation loss expected NEUTRAL • Turkish automotive: LV exports down by 90% in April - no surprise NEUTRAL • Hellenic Petroleum...

Research Team

WOOD Daily: FMF PW; RO Politics; MIL PW; MBK PW; CDR PW; SPI AV; PLY PW

HEADLINES: • Famur: market leader, high dividends (stays BUY) • Romania politics: first step towards early elections • Bank Millennium: issues profit warning on FX mortgage risk related provisions NEGATIVE • mBank: issues profit warning on FX mortgages and provisions for consumer loans repaid early NEGATIVE • CD Projekt: Cyberpunk 2077 release moved to September 2020 NEGATIVE • S Immo: raises EUR 150m of new capital to finance acquisitions NEUTRAL • Play Communications: 4Q19E strong, with 9% yoy adjusted EBITDA growth expected (due on 26 February) • Short News (ENG)

S IMMO AG sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of S IMMO AG (AT), active in the Real Estate Holding & Development industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date March 13, 2020, the closing price was EUR 17.70 and its target price was estimated at EUR 16.81.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch