Weekly Preview - November 13-16, 2018
Market trends:
¤ Belgrade Airport (AERO) was the most traded thanks to large transactions at RSD 1,700 and RSD 1,705 levels; the company announced 9m growth in revenues of 11.4%, while earnings increased 3.1%.
¤ Jedinstvo Sevojno (JESV) increased slightly to RSD 5,052, following the announcement that the company relaunched share buy-back program; the company also reports an increase in 9m revenue and profit.
¤ Messer Tehnogas (TGAS) dropped to RSD 10,750, its lowest level in more than a year; the stock has decreased 15.5% in 2018 so far, in spite of improvement in company's 1H18 financial results.
¤ The Petroleum Industry of Serbia (NIIS) recorded tiny turnover of RSD 3.3m with slight value increase; the company announced strong 9m results - net profit jumped 8% to RSD 21.7bn.
¤ Energoprojekt Holding (ENHL) closed the week at 650 RSD, its multi-year low; the company announced it contracted just 26% of new jobs at foreign markets in the first 9m, considering its business plan.
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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