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 change; almost entire last year's volume of the stock was controlled by majority owner and its connected entities.
¤ Shares of Fitofarmacija (FITO) increased slightly to RSD 2,750; the company announced 3.8% rise in FY18 revenues and slight decrease in FY18 net profit, due to higher material costs.
¤ Sojaprotein (SJPT) has fluctuated in a wide range of RSD 175-190; the majority owner of the company, Victoria Group, announced takeover bid at RSD 180 per share, valid till March 26th.
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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