Report
Nenad Gujanicic ...
  • Stasha Petkovic

Weekly Preview - Deceber 10-14, 2018

Market trends:
¤ Belgrade Airport (AERO) closed the week at RSD 1,750, down 2.9%; the stock recorded almost RSD 7m in turnover, mostly at RSD 1,795; in the previous week the stock exceeded a RSD 1,800 level.
¤ The Petroleum Industry of Serbia (NIIS) decreased slightly to RSD 671 with tiny turnover; the stock recorded weekly low at RSD 670 which is its lowest level since June this year.
¤ Shares of Energoprojekt Holding (ENHL) sunk 9.1% to RSD 600, a new muli-year low level; the stock was traded at 60% discount vs. its takeover price from July 2017.
¤ Jedinstvo Sevojno (JESV) continued its upward trend, closing the week at RSD 5,218; traditionally, record date for the stock is the end of December.
¤ Both share clasess of Komercijalna Bank (KMBN, KMBNPB) recorded big jump; ordinary stock jumped 4.7%, while preffered stock surged 10.8%; the bank announced RSD 7.8bn in 11m profit.

Underlyings
Aerodrom Nikola Tesla AD Beograd

Energoprojekt Holding AD

Naftna Industrija Srbije Nova Sad

Sojaprotein ad Becej

Provider
Momentum Securities
Momentum Securities

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.

Analysts
Nenad Gujanicic

Stasha Petkovic

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