Slovenian Weekly Report 26.2.2018-2.3.2018
Petrol has successfully bid for digitalization of Wien, as it gain contract by Wien Energie. This is positive, as it shows Petrol Group is extending its reach in other energy segment.
Latest survey vox-populi (February 2018; source: Ninamedia, Dnevnik) continues to prove that mid 2018 parliamentary elections will be unpredictable and that new parties can quickly gain ground (like for example Lista M.Šarca). Note current coalition is formed by SMC (35 seats of 90), Social Democrats (5) and Desus (11). More on page 1.
Interestingly for now little impact was seen on Telekom Slovenije shares, despite some court cases turned negative. Possibly its hard to evaluate exact impact or maybe investors will lag in a negative reaction.
4Q17 GDP data is again excellent: GDP grew by 5.0% YoY with 12.3% YoY export growth, 7.7% increase in gross investments and 4.5% domestic consumption growth. Here the state contributed 5.6% YoY growth in 4Q while households 3.3% growth. All in all GDP grew by 5.0% in 2017 with 10.6% export, 10.1% import, 8.4% gross investments,3.2% household and 2.3% state consumption growth. Page 4.
ALTA Invest, investicijske storitve, d.d., (ALTA Invest, investment services, Inc.) is a part of ALTA Group, the biggest financial non-banking group in Slovenia. ALTA Invest has around 28% market share on the domestic Ljubljana Stock Exchange and has more than EUR 95m of assets under management.
Our trading advantage is our execution of large trading blocks with low impact on the market. We offer trading on several platforms on numerous markets, with a wide variety of financial instruments. Our advantage is also a research department, which is both sell side and buy side and has the far most extensive and regular coverage of domestic companies. We cover 9 companies on Ljubljana Stock Exchange, which is around 90% of Mcap on LJSE – and here we are practically the only local broker providing this kind of extensive and regular coverage for Slovenian companies.
A part of ALTA Group are ALTA Skladi, a mutual fund asset management company with roughly EUR 260m of asset under management. ALTA Group is also extensively involved in corporate finance projects and raised considerable assets (fixed income and equity) in the last two years for several companies.
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