LHV Bank is an independent pan-Baltic bank, based on Estonian capital. The company was founded in 1999 by two founders of Hansapank (today’s Swedbank in the Baltics) and has been offering a full range of investment services for 15 years. In May 2009, LHV received a credit institution licence allowing it to provide all banking services.

The head office is situated in Tallinn, Estonia. Cross-border services are offered in Vilnius, Lithuania and in Riga, Latvia. LHV provides brokerage (institutional and retail), asset management, banking and capital markets services. Compared to other banks, we are more innovative and have more solid experience in investment and entrepreneurship.

The Bank, together with the Group asset management company employs over 320 people. LHV Group shares are listed on Nasdaq Tallinn.

Coverage

  • Research Category: Equity, Market Commentary
  • Asset Class: Equity
  • Geographic Coverage: Estonia, Latvia, Lithuania
  • Size Coverage: Small Cap, Micro Cap, Nano Cap
  • Sector Coverage: Banks, Beverages, Chemicals, Construction & Materials, Electronic & Electrical Equipment, Equity Investment Instruments, Food Producers, Gas, Water & Multi-utilities, General Retailers, Industrial Transportation, Nonequity Investment Instruments, Personal Goods, Pharmaceuticals & Biotechnology, Software & Computer Services, Travel & Leisure
  • Underlying Coverage: 19

Analysts

  • Shana Gavron

    Senior Analyst
  • Sander Danil

    Senior Analyst
  • Shana Gavron

    Senior Analyst
Shana Gavron

LHV Institutional Weekly Review, March 27th, 2020

Please find attached this week's edition of the Baltic Review * Additional Coronavirus related implications for the Baltic-listed companies... * ... Fresh developments from selected companies: Baltic Horizon Fund (NHCBHFFT ET), EfTEN (EFT1T ET), Klaipedos Nafta (KNF1L LH), Linas Agro (LNA1L LH), Merko Ehitus (MRK1T ET), Nordecon (NCN1T ET), Tallink (TAL1T ET), Tallinna Sadam (TSM1T ET), Valmiera Glass (VSS1R LR) * Key metrics for stocks covered.

Shana Gavron

LHV Institutional Weekly Review, March 20th, 2020

* Coronavirus Pandemic: implications for the Baltic-listed companies in our research coverage universe * Olainfarm (OLF1R LR): February Sales Update * Key metrics for stocks covered.

Shana Gavron

LHV Institutional Baltic Insight, March 19th, 2020

* After negligible sales in Russia in January, primarily due to earlier pre-stocking activities by Olainfarm’s (OLF1R LR; ‘OLF’) distributors in that country, ahead of changes in the packaging requirements, the respective volumes started to recover in February. OLF managed to stabilise its total sales for February 2020 in comparison to the same month a year ago, supported by solid growth rates recorded in Belarus, Central Asia, and EU markets. OLF’s preliminary consolidated revenues for February declined 4% y-o-y to EUR 11.0m, up 45% m-o-m, bringing the cumulative two-month revenues to EUR 18....

Shana Gavron

LHV Institutional Baltic Insight, March 18th, 2020

* The coronavirus (COVID-19) outbreak has already brought considerable human suffering and significant economic disruption. What makes this pandemic more complicated is the growing level of globalisation, which has led to the increased dependency of countries, particularly on China. Moreover, it encapsulates the now slightly outdated warning by Bill Gates several years ago at a TED talk about not being prepared for a global danger in this area: /6Af6b_wyiwI. That said, by reading between the lines, it would appear that the public sector in Europe is also looking to take up the impact of such d...

Shana Gavron

LHV Institutional Weekly Review, March 13th, 2020

Please find attached this week's edition of the Baltic Review * Coop Pank (CPA1T ET) February review * Klaipedos Nafta (KNF1L LH) February revenues * Key metrics for stocks covered.

Shana Gavron

LHV Institutional Weekly Review, March 27th, 2020

Please find attached this week's edition of the Baltic Review * Additional Coronavirus related implications for the Baltic-listed companies... * ... Fresh developments from selected companies: Baltic Horizon Fund (NHCBHFFT ET), EfTEN (EFT1T ET), Klaipedos Nafta (KNF1L LH), Linas Agro (LNA1L LH), Merko Ehitus (MRK1T ET), Nordecon (NCN1T ET), Tallink (TAL1T ET), Tallinna Sadam (TSM1T ET), Valmiera Glass (VSS1R LR) * Key metrics for stocks covered.

Shana Gavron

LHV Institutional Weekly Review, March 20th, 2020

* Coronavirus Pandemic: implications for the Baltic-listed companies in our research coverage universe * Olainfarm (OLF1R LR): February Sales Update * Key metrics for stocks covered.

Shana Gavron

LHV Institutional Baltic Insight, March 19th, 2020

* After negligible sales in Russia in January, primarily due to earlier pre-stocking activities by Olainfarm’s (OLF1R LR; ‘OLF’) distributors in that country, ahead of changes in the packaging requirements, the respective volumes started to recover in February. OLF managed to stabilise its total sales for February 2020 in comparison to the same month a year ago, supported by solid growth rates recorded in Belarus, Central Asia, and EU markets. OLF’s preliminary consolidated revenues for February declined 4% y-o-y to EUR 11.0m, up 45% m-o-m, bringing the cumulative two-month revenues to EUR 18....

Shana Gavron

LHV Institutional Baltic Insight, March 18th, 2020

* The coronavirus (COVID-19) outbreak has already brought considerable human suffering and significant economic disruption. What makes this pandemic more complicated is the growing level of globalisation, which has led to the increased dependency of countries, particularly on China. Moreover, it encapsulates the now slightly outdated warning by Bill Gates several years ago at a TED talk about not being prepared for a global danger in this area: /6Af6b_wyiwI. That said, by reading between the lines, it would appear that the public sector in Europe is also looking to take up the impact of such d...

Shana Gavron

LHV Institutional Weekly Review, March 13th, 2020

Please find attached this week's edition of the Baltic Review * Coop Pank (CPA1T ET) February review * Klaipedos Nafta (KNF1L LH) February revenues * Key metrics for stocks covered.

Baltic Review

* Q4 traffic update for Port of Tallinn (TSM1T ET), monthly operational update for Klaipedos Nafta (KNF1L LH) * Apranga (APG1L LH) extends Inditex agreement, Siauliu Bankas (SAB1L LH) acquires Danske loan portfolio. * Key metrics for stocks covered.

Shana Gavron

LHV Institutional Weekly Review, July 7th, 2017

* Apranga (APG1L LH) Q2 preview * Tallinna Kaubamaja (TKM1T ET) Q2 preview * Weekly summary of key metrics for companies under coverage.

Shana Gavron

LHV Institutional Weekly Review, June 9th, 2017

* Klaipedos Nafta (KNF1L LH) insight* includes tables on latest KNF stats* Weekly summary of key metrics for companies under coverage.

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