Report

FFBH Daily Bulletin - 12.07.2018

Wednesday session became red for indexes on BSE as retails chose to be on the sell side. Stara Planina Hold (5SR, BGN 7.15) weighed the most on SOFIX (624.94, -0.65%) with 3.38% fall and 79% lower than the average volume for the last 3-months. Advance Terrafund (6A6, BGN 2.054, -1.37%) was on investors’ focus as Wednesday (11 of June) was the ex-dividend day for the name and daily turnover reached BGN 356K. Sirma Group Holding (SKK, BGN 0.93, 2.20%), Doverie (5DOV, BGN 1.715, +1.18%) and Sopharma (3JR, BGN 4.02, 0.25%) were the only three names with growth among SOFIX members.

Underlyings
Achieve Life Sciences

Achieve Life Sciences is a clinical-stage pharmaceutical company engaged in the development and commercialization of cytisinicline for smoking cessation. The company's product candidate, Ccytisinicline is a smoking cessation aid that interacts with nicotine receptors in the brain by reducing the severity of nicotine withdrawal symptoms and the reward and satisfaction associated with smoking. The company has a license and supply agreement with Sopharma, AD (Sopharma) for the development and commercialization of cytisinicline outside of Sopharma's territory, which consists of certain countries in Central and Eastern Europe, Scandinavia, North Africa, the Middle East and Central Asia, as well as Vietnam.

Sopharma AD

Trace Group Hold AD

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
Stoyko Radiev

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