Report
Nadejda Dafinkicheva

FFBH Daily Bulletin - 04.05.2020

Indexes declined on Thursday in a quiet session, as investors made some profit–taking efforts after earnings reports. Sopharma (3JR, BGN 2.76, -3.16%) dropped the most among SOFIX (447.45, -0.43%) members as Q1’20 net profit of the company fell by 32.7%. The turnover, on the other hand, remained low compared to the 3-months average. Odessos (5ODE, BGN 73.00, -3.95%) became top loser in the last trading session for the week, but the effect came from small trades in widened Bid/Ask spread. On the opposite side was the representative of the financial sector – Central Cooperative Bank (4CF, BGN 1.10), which ended the trading day by 2.80% increase, trying to catch up the advance of First Investment Bank (5F4, BGN 2.60, +0.78%), which increased by cumulatively 13.04% after the approval of the capital increase prospectus.

Underlyings
Advance Terrafund REIT

Eurohold Bulgaria AD

Figtree Holdings

Figtree Holding is engaged in the design and build of commercial and industrial facilities, and property development. Co. acts as the main contractor for its projects in Singapore, covering new construction. Co. also works on existing buildings as well as refurbishment and upgrading of existing buildings. In China and Malaysia, Co. provides design, project and construction management consulting services.

Korado Bulgaria AD

Sopharma Trading AD

Speedy Net EAD

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
Nadejda Dafinkicheva

Other Reports on these Companies
Other Reports from First Financial Brokerage House

ResearchPool Subscriptions

Get the most out of your insights

Get in touch