Established in 2007 in Novi Sad, Momentum Securities, privately owned corporate advisory and investment banking firm, is one of the largest providers of brokerage services and related corporate advisory services to owner managed businesses in Republic of Serbia. Momentum Securities is a member of the Central Securities, Depository and Clearing House, the Belgrade Stock Exchange and the Investor Protection Fund and an authorized participant in the Treasury auction platform. As an independent firm, our clients benefit from unbiased and tailored solutions. Our team works with founders, shareholders, boards and management teams to develop their companies by aligning processes, structures and work practices to improve efficiencies and achieve specific performance goals.
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Nenad Gujanicic ... (+2)
- Nenad Gujanicic
- Stasha Petkovic
Weekly Preview - March 18-23, 2019
Market trends: ¤ The most traded stock was the Petroleum Industry of Serbia (NIIS) with turnover amounting to RSD 20.8m, mainly around RSD 720 level; the stock hit weekly high at RSD 729. ¤ Shares of Metalac (MTLC) closed the week slightly lower at RSD 2,040, with turnover at RSD 8.9m; the company scheduled its AGM, with proposed unchanged dividend per share at RSD 85 (yield at 4.2%). ¤ Jedinstvo Sevojno (JESV) closed almost flat at RSD 5,102 with trading value totalling RSD 5.2m; the company ha...
Nenad Gujanicic ... (+2)
- Nenad Gujanicic
- Stasha Petkovic
Weekly Preview - March 11-15, 2019
Market trends: ¤ The most traded stock was the Petroleum Industry of Serbia (NIIS), mainly in a range b/w RSD 720-723; average daily turnover of the stock almost tripled in March compared to the last year`s average. ¤ Shares of Galenika Fitofarmacija (FITO) continued its upward trend, reaching RSD 2,800 level for the first time since last November; the stock closed the week at RSD 2,771, up 0.8%. ¤ Komercijalna Bank (KMBN) hit RSD 2,555 level (up 2.2%), its highest value in more than four years;...
Nenad Gujanicic ... (+2)
- Nenad Gujanicic
- Stasha Petkovic
Petroleum Industry of Serbia (NIIS), FY2018
Petroleum Industry of Serbia (NIIS) Despite the growth of the most important financial and natural indicators, the Petroleum Industry of Serbia (NIIS) ended last year with a weaker bottom line result due to a new depreciation reporting method and a fall in crude oil prices in November and December. This result came as a surprise, and, as a result, it is likely that dividend yield will be lower than expected. In 2018, NIS recorded revenue growth of 19.7% to RSD 281.0bn, primarily due to a rise...
Nenad Gujanicic ... (+2)
- Nenad Gujanicic
- Stasha Petkovic
Weekly Preview - March 4-8, 2019
Market trends: ¤ The most traded name was Komercijalna Bank (KMBN), mainly in a range b/w RSD 2,430-2.475; state officials have repeated last week that there is great interest in expected privatization of the bank. ¤ Shares of the Petroleum Industry of Serbia (NIIS) jumped 2.1% to RSD 715 in the week following the announcement of FY18 results; still, the stock is under sell pressure in a range b/w RSD 720-730. ¤ Alfa Plam (ALFA) was among the most traded strocks after a while, with no price chan...
Nenad Gujanicic ... (+2)
- Nenad Gujanicic
- Stasha Petkovic
Weekly Preview - February 25 - March 1, 2019
Market trends: ¤ The most traded stock was Messer Tehnogas (TGAS), with its share price decreasing 1% to RSD 10,751; the stock recoreded a turnover of RSD 46.7m, mainly in a single transaction at RSD 10,750. ¤ Shares of the Petroleum Industry of Serbia (NIIS) closed at RSD 700 (+2.2%), with weekly high at RSD 730; the company announced on Thursday its FY18 net profit decreased 7%, while EBITDA jumped 14%.¤ Belgrade Airport (AERO) halted its downward trend with an increase of almost 5% to RSD 739...
Nenad Gujanicic ... (+2)
- Nenad Gujanicic
- Stasha Petkovic
SERBIA – MACRO OVERVIEW
SERBIA – MACRO OVERVIEW Instead of the forecasted economic growth in a range between 3.0-3.5%, a modest rate of 1.9% was achieved last year; the elimination of budget deficit and the reduction of public debt was the greatest progress in economic policy management. Last year, the domestic economy achieved a significantly slower growth rate than expected, largely due to unfavorable weather conditions for agricultural production, but also due to the absence of structural reforms in public enter...