reports
- Nadejda Dafinkicheva
FFBH Daily Bulletin - 18.09.2020
The huge daily price fluctuations of SOFIX 429.60 (-0.05%) members did not change the index on Thursday. Industrial Holding Bulgaria (4ID, BGN 0.80, +5.26%), Monbat (5MB, BGN 3.36, +3.7%) and Elana Agrocredit (0EA, BGN 1.00, +2.04%) fully offset the drop of First Investment Bank (5F4, BGN 1.94, -3%), Albena (6AB, BGN 22.00, -2.65%) and Holding Varna (5V2, BGN 37.80, -2.58%). Overall liquidity slightly increased but block trades prevailed regular trading.
- Nadejda Dafinkicheva
Banking System Overview H1'20
PROFITABILITY OF THE SYSTEM DETERIORATES; THE MORATORIUM KEEPS NPE’S UNDER CONTROLPROFITABILITY OF THE SYSTEM DETERIORATES; THE MORATORIUM KEEPS NPE’S UNDER CONTROL  H1’20 net income of the banking sector was down 43.9% YoY to BGN 515.2m due to lower net interest income, lower F&C income, net FX losses and surge of credit provisions. 12-m trailing ROE of the system shrank to 8.8% vs 11.8% at end-2019.  The growth of gross loans slowed down to 6.1% YoY (+BGN 3.8bn) as the corporate segmen...
- Nadejda Dafinkicheva
FFBH Daily Bulletin - 03.08.2020
SOFIX closed negative on Friday reflecting the drops of Doverie (5DOV, BGN 3.05, -4.69%), Stara Planina (5SR, BGN 4.54, -3.4%) and Chimimport (6C4, BGN 1.00, -1.96%). First Investment Bank (5F4, BGN 2.22, +1.83%) and Holding Varna (5V2, BGN 39.60, +1.54%) supported the main index while 12 index members finished the day on the negative territory. The uncertainty and summer vacations decreased investors’ activity and overall liquidity remained poor.
- Nadejda Dafinkicheva
FFBH Daily Bulletin - 28.07.2020
The local indexes remained virtually flat for a second consecutive session, where SOFIX slipped by 0.7% to 439.88 points. The daily turnover within the main index remained low as 1/3 of its members were not traded throughout the session. The decline was mostly on the two heaviest members Sopharma (3JR, BGN 2.98, -0.67%) and Advance Terrafund (6A6, BGN 1.81, -1.09%) losing ground on low-volume trades, while the only notable increase was by Doverie United Holding (5DOV, BGN 3.14, +2.28%), which bo...
- Nadejda Dafinkicheva
Weekly Bulletin - 13 July - 17 July 2020
The last week brought mixed results for the main indexes on BSE as SOFIX (442.27) finished on the negative side with 0.4% drop, while the other indexes slightly advanced. Monbat (5MB, BGN 2.98, -3.90%), Chimimport (6C4, BGN 1.00, -3.4%) and First Investment Bank (5F4, BGN 2.50, -3.10%) weighted the most on the main index. Trace Group (T57, BGN 3.94) jumped by 8.20% after the announcement that the main shareholder has filed a voluntary tender offer and supported BGBX40 (95.27, 0.02%) and BGTR30 (...
- Nadejda Dafinkicheva
FFBH Daily Bulletin - 16.07.2020
The local indexes advanced slightly on Wednesday, but with very low daily turnover. The main index SOFIX added 0.19% to 442.17 points, where 1/3 of its constituents were not traded at all throughout the session. The top winner among the members was M+S Hydraulic (5MH, BGN 6.30, +6.78), which gained ground on a few small trades, while the top loser was its holding company Stara Planina Hold (5SR, BGN 4.50, -2.17%), which shrank with even lower volume. None of the other members changed notably or ...
- Nadejda Dafinkicheva
FFBH Daily Bulletin - 08.05.2020
The local indexes slipped with low daily turnover on Thursday, where SOFIX shrank by 0.32% to 446.95 point. The top decline within the main index was by Gradus (GR6, BGN 1.38, -4.17%), which lost ground on multiple low-volume trades, with next being Industrial Holding Bulgaria (4ID, BGN 0.78, -2.50%), which booked a single small trade. On the positive side, the top gainer was Sopharma (3JR, BGN 2.85, +2.15%), while there were no other notable positive moves. The most traded constituent was First...
- Nadejda Dafinkicheva
FFBH Daily Bulletin - 04.05.2020
Indexes declined on Thursday in a quiet session, as investors made some profit–taking efforts after earnings reports. Sopharma (3JR, BGN 2.76, -3.16%) dropped the most among SOFIX (447.45, -0.43%) members as Q1’20 net profit of the company fell by 32.7%. The turnover, on the other hand, remained low compared to the 3-months average. Odessos (5ODE, BGN 73.00, -3.95%) became top loser in the last trading session for the week, but the effect came from small trades in widened Bid/Ask spread. On the ...
- Nadejda Dafinkicheva
FFBH Daily Bulletin - 23.03.2020
Financial sector pushed up SOFIX by 1.78% to 413.03 Friday with moderate daily volume. First Investment Bank (5F4, BGN 1.79, +11.88%), Central Cooperative Bank (4CF, BGN 9.45%) and Chimimport (6C4, BGN 0.9, +5.88%) offset the drop of Bulgarian Real Estate Fund (5BU, BGN 1.59, -3.64%) and Industrial Holding Bulgaria (4ID, BGN 0.77, -3.75%). Buyers of Sopharma (3JR, BGN 2.66, +3.91%) prevailed over sellers and the company advanced on the back of moderate volume.
- Veselin Radoychev Please Change Surname
FFBH Daily Bulletin - 30.10.2019
Local indexes slipped on Tuesday with low traded volume and turnover. The benchmark index SOFIX shrank 0.69% to 556.28 points, with the decline being mostly on a few low-volume trades with Eurohold Bulgaria (4EH, BGN 1.68, -9.68%). The only notable increase was by Central Cooperative Bank (4CF, BGN 1.57, +2.28%), which also changed on three small trades, and there were no other significant price fluctuations. More intensive trading activity with CEZ Distribution (3CZ, BGN 188.00,-1.05%) continue...
- Nadejda Dafinkicheva
FFBH Daily Bulletin - 09.10.2019
The local indexes slipped on Tuesday with very low daily turnover. SOFIX came down 0.37% to 561.05 points, where the decline was mostly on Eurohold Bulgaria (4EH, BGN 1.72, -8.51%), which plummeted on a single small trade at the end of the session. None of the other members booked significant price changes or notable traded volume. Contrary to the other indexes, BGREIT added 0.20% to 127.42 points, entirely on the back of two low-volume trades with Bulgarian Real Estate Fund (5BU, BGN 2.02, +1.0...
- Nadejda Dafinkicheva
FFBH Daily Bulletin - 16.09.2019
Slim volume and wide bid/ask spreads fixed SOFIX at 578.65 (+0.11%). Selling pressure on Albena (6AB, BGN 41.80, -2.79%) and Sirma Group (SKK, BGN 0.715, -1.38%) weighed on the main index, but moderate increase of Doverie (5DOV, BGN 3.38, +1.2%) and Industrial Holding Bulgaria (4ID, BGN 1.05, +0.96%) offset the negative impact. Absence of news keeps institutional investors away from trading and the daily volume remained below the average one YTD.
- Veselin Radoychev Please Change Surname
Bulgarian Banking System Overview H1 2019
H1’19 PROFITABILITY HITS NEW HIGH; AQR CONFIRMED THAT ALL 6 TESTED BANKS MEET THE PRUDENTIAL REQUIREMENTS H1’19 set a new record high profitability of the banking sector with ttm ROE of 13.5%, the highest over the last 10 years period. Net income surged by 14.6% YoY to BGN 918m on the back of 6.8% (+BGN 136m) growth of operating income as well as 11.8% (-BGN 24m) decline of credit provisions. Net interest income added 2.4% YoY (+BGN 33m) on both increase of interest income and decline of ...
- Ivo Kolarov
FFBH Daily Bulletin - 06.08.2019
Most local indexes increased on Monday with low daily turnover and traded volume. SOFIX added 0.23% to 581.39 points, as only 3 of its members finished the session on the negative side. The top mover among the constituents was Sirma Group Holding (SKK, BGN 0.70, +2.17%), which increased on small speculative trades, while there were no other noteworthy price deviations. There was some traded volume with Stara Planina Hold (5SR, BGN 5.55, +0.91%), as 1.8k shares changed hands over the day, which i...
- Ivo Kolarov
FFBH Daily Bulletin - 01.08.2019
The local indexes slipped on Wednesday with low traded volume and turnover over the day. The benchmark index SOFX shrank by 0.14% to 580.68 points, as its 2nd heaviest member Eurohold Bulgaria (4EH, BGN 1.87, -5.56%) lost ground on a few small trades. On the positive side, Holding Varna (5V2, BGN 40.40, +5.21%) and Sirma Group Holding (SKK, BGN 0.71, +3.68%) also changed notably on low volume trades, and there were no other significant changes. BGRET shrank by 0.10%, after Advance Terrafund (6A6...
- Ivo Kolarov
FFBH Daily Bulletin - 12.06.2019
The local indexes closed in different directions on Tuesday, as SOFIX slipped by 0.18% to 580.34 points, while the other indexes booked insignificant increases. The move of the main index was mostly on First Investment Bank (5F4, BGN 3.38, -2.31%) which lost ground on two small deals, whereas the highest daily increase among the members was marked by Industrial Holding Bulgaria (4ID, BGN 1.00, +2.04) which came up on a single deal. The most liquid company was Sopharma (3JR, BGN, 3.48) which rema...
- Ivo Kolarov
FFBH Daily Bulletin - 21.02.2019
The local indexes decreased on Wednesday, where the benchmark index SOFIX came down 0.28% to 576.50 points. Monbat (5MB, BGN 7.25, -6.45%) weighed most on the main index with substantial traded volume, presumably on its possible exclusion from SOFIX after its prospective rebalancing in March. Central Cooperative Bank (4CF, BGN 1.52, -2.57%) also came down significantly on small speculative trades, while top gainer among the members was Eurohold Bulgaria (4EH, BGN 1.55, +3.33%) with moderate turn...
- Ivo Kolarov
FFBH Daily Bulletin - 01.11.2018
BSE indexes couldn’t find direction on Wednesday as earnings season didn’t spark higher trading activity yet – SOFIX (596.81, -0.11%) continued to wobble bellow 600. Albena (6AB, BGN 47.2) ended with 2.88% decrease after small trades while Monbat (5MB, BGN 7.05) continued its negative surge and closed with 2.08% decrease. Stara Planina Hold (5SR, BGN 6.55) ended with the biggest gain on the main market of 3.15% after a buyer wiped out the offer level of BGN 6.55. Bulgarian Real Estate Fund (5BU,...
- Stoyko Radiev
FFBH Weekly Bulletin 30 July – 03 August 2018
Few companies registered strong jumpÑ last week supporting the positive sentiment and north move of local indexes. First Investment Bank (+8.6%), Albena resort (+8.5%), Neochim (+9.6%) and Trace Group Hold (+8.1%) advanced the most on the back of high demand and absence of sellers. Despite the moderate H1 financial results some of the companies suffered from poor liquidity and lost altitude without volume – Fazerles (-14%), Stara Planina (-5.6%) and Alcomet (-3.7%). In the end of the week we n...
SFA SOPHARMA AD
KBG KORADO BULGARIA AD
NEOH NEOCHIM AD
6C4 CHIMIMPORT
CEZD CEZ DISTRIBUTION BULGARIA AD-SOFIA
ALCM ALCOMET AD
ELHM ELHIM-ISKRA AD
HES HYDRAULIC ELEMENTS & SYSTEMS AD
MSH M+S HYDRAULIC AD
BACB BULGARIAN AMERICAN CREDIT BANK AD
FIB FIRST INVESTMENT BANK AD
SPDY SPEEDY NET EAD
- Stoyko Radiev
FFBH Daily Bulletin - 01.08.2018
The last trading day of July ended with 1.01% increase for SOFIX (634.03) and left BGREIT (115.86) unchanged. 10 out of 15 members of the main index registered positive moves as Monbat (5MB, BGN 8.40, +5.66%) and Holding Varna (5V2, BGN 34.70, +5.06%) jumped the most. First Investment Bank (5F4, BGN 3.55, +2.60%) and Sirma Group Holding (SKK, BGN 0.87, -1.14%) continued to register volumes much higher than the average ones for the last 3-months. Sopharma (3JR) on the other hand fell as sellers f...
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