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

Weekly bulletin - 28 March - 1 April 2022

All major indexes recorded a positive week as SOFIX (635.10) increased the most by 4.00% while BGTR30 (681.61) jumped by solid +3.3%. 20 out of 29 names in our list of selected companies finished on green territory as Neochim (NEOH, BGN 56.00) and Doverie United holding (DUH, BGN 9.10) led the gainers by 19.7% and 19.1% respectively, followed by Agria Group Holding (AGH, BGN 27.80, +13.0%). The expectation for a dividend distribution highlighted Bulgarian Stock Exchange (BSE, BGN 9.40, +6.8%) and Advance Terrafund (ATER, BGN 3.31, +6.8%), while Sopharma Trading (SFT, BGN 4.88, +6.1%) recovered without significant corporate news. Among the top losers were First Investment Bank (FIB, BGN 2.58, -9.5%), Trace Group Hold (T57, BGN 3.68, -8.5%) and Telelink Business Services (TBS, BGN 14.00, -4.1%) which suffered from selling pressure and absence of liquidity. The most traded in terms of turnover were the agricultural producer Agria Group Holding (BGN 4.48m) and Chimimport (BGN 1.32m), while the total weekly turnover posted a decrease of 10%, compared to the average one YTD.
Underlyings
Odessos Shiprepair Yard

Sirma Group Holding JSC

Sopharma Trading 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
Martin Dimitrov

Mihail Dimitrov

Veselin Radoychev Please Change Surname

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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch