Report
Mihail Dimitrov ...
  • Veselin Radoychev Please Change Surname

Weekly bulletin - 22 April - 26 April 2024

All major indexes advanced modestly last week with the exception of BGREIT (190.47, -0.5%), as investors remained focused on the continuing release of the Q1 financial reports. The local benchmark SOFIX added 1.6% to close at 818.59, reflecting the excellent performance of index members like First Investment Bank (FIB, BGN 3.08, +20.3%) and M+S Hydraulic (MSH, BGN 11.90, +10.2%). A total of 12 out of 29 names in our universe finished on green territory, 10 weighted on the red side, 7 remained unchanged. Neochim (NEOH, BGN 19.35, +8.3%) along with First Investment Bank and M+S Hydraulic led the gainers, as the list of laggards started with Speedy (SPDY, BGN 145.00, -12.1%) and Monbat (MONB, BGN 3.32, -3.5%). The weekly volumes (+110.0% YtD) showed strong performance, while the turnover (+14.5% YtD) remained close to the average numbers.
Underlyings
ABC Taiwan Electronics Corp.

Abc Taiwan Electronics Corp.. ABC TAIWAN ELECTRONICS CORP. is a Taiwan-based company principally engaged in the manufacture and distribution of inductors. The Company provides surface mount device (SMD) chip inductors, SMD power supply inductors, SMD wave filtering components, SMD transformers, conventional inductors, micro-pores ceramic (MPC) heat sinks and precision metal components. The Company's products are mainly applied in communication products, information products, consumer electronic products and others. The Company distributes its products within Taiwan market and to overseas markets, including Germany, Tunisia, the United States, Mainland China, Hong Kong and others.

Elhim-Iskra AD

Hydraulic Elements and Systems

Provider
First Financial Brokerage House
First Financial Brokerage House

First Financial Brokerage House (FFBH) is a leading non-banking financial institution on the Bulgarian capital market. Founded in 1991, FFBH offers the complete spectrum of investment banking services spanning corporate finance, privatisation advisory, mergers and acquisitions, financial consulting, brokerage services, research & analysis and asset management.

FFBH provides its services mainly to major international banks and corporations seeking investment in Bulgaria. FFBH is not only local contractor and partner to its clients but also an information source and provider for all major news and events in the economic and political life of the country.

We are the main contact point for the large majority of foreign and local institutional investors in the Bulgarian equity market. FFBH is providing access to the Bulgarian Stock Exchange by either its highly experienced sales trading desk or by order routing across the Bloomberg network.

Additionally, FFBH is offering a range of tools, specifically tailored for the retail investor. Both domestic and international markets are only a click away, via electronic trading solutions. As a major advantage, our customers are able to benefit from the broad range of Analysis & Research products with premium quality, provided by our team of dedicated analysts.

Clients of our research products are most of the largest foreign and local institutional investors looking for opportunities in Bulgaria. More than 100 investment banks, investment funds and other institutional investors use our Equity research and Economic review on a regular basis. FFBH’s Morning Bulletin and Weekly Bulletin reach more than 300 clients over different countries and continents.

Our major Research and Analysis Services include:

  • Semi-Annual Outlook of the Bulgarian economy and the domestic capital markets;
  • Equity analyses of the biggest and/or most liquid companies listed on Bulgarian Stock Exchange - Sofia;
  • Quarterly Bulgarian Real Estate sector and REITs overview;
  • Quarterly Bulgarian Banking System overview;
  • Quarterly macroeconomic overeview, with details on the major economic sectors, commentaries, and statistical indicators;
  • Daily and Weekly bulletins, including an overview of the capital markets and the most important macroeconomic & corporate events.

Analysts
Mihail Dimitrov

Veselin Radoychev Please Change Surname

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