reports
- 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
- 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
- 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
- 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
- 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
- Stasha Petkovic
Weekly Preview - February 18-22, 2019
Market trends: ¤ Belgrade Airport (AERO) was the most traded name last week - its share price slump 28% to RSD 704; the company announced on Friday amended DPS proposal (RSD 1,530.4 vs. initial RSD 1,787.4). ¤ Shares of Komercijalna Bank (KMBN) hit a new multiyear high at RSD 2,500 (+6.4%) with turnover at RSD 43.6m; preferred stock of the bank (KMBNPB) increased 3.5% to RSD 880. ¤ Galenika Fitofarmacija (FITO) recorded solid turnover amounting to almost RSD 40m at RSD 2,720; the stock has fluct...
- Nenad Gujanicic
- Stasha Petkovic
Weekly Preview - February 11-14, 2019
Market trends: ¤ The most traded stock was Galenika Fitofarmacija (FITO) with turnover of RSD 25.2m, mostly at RSD 2,720; FITO was the second most traded stock in 2018, extending the same trend this year. ¤ Shares of the Petroleum Industry of Serbia (NIIS) fluctuated narrowly in a range b/w RSD 680-686 with low volume; Brent crude oil climbed above USD 66 a barrel to its highest level in the last three months. ¤ Belgrade Airport (AERO) continued its downward trend, losing additional 10.7% of its...
- Nenad Gujanicic
- Stasha Petkovic
Weekly Preview - February 4-8, 2019
Market trends: ¤ Almost 0.9% shares of Energoprojekt Holding (ENHL) changed hands last week in just few transactions; East Capital sold out its stake, while domestic pension funds picked up almost whole offer. ¤ Shares of the Petroleum Industry of Serbia (NIIS) have fluctuated narrowly around RSD 680 level with turnover amounting to RSD 9.2m; the stock closed the week slighy in the red at RSD 681. ¤ Belgrade Airport (AERO) closed the week at RSD 1,096 with trading value at RSD 6.4m; according to...
- Nenad Gujanicic
- Stasha Petkovic
Weekly Preview - January 28 - February 1, 2019
Market trends: ¤ The Petroleum Industry of Serbia (NIIS) was the most traded stock with turnover of RSD 20.3m, mainly recorded in a range b/w RSD 682-684; the stock posted weekly gain of 0.9%. ¤ Shares of Komercijalna Bank (KMBN) surged to a new multi-year high at RSD 2,450 but on tiny volume; the company cancelled its EGM due to the lack of quorum. ¤ Belgrade Airport (AERO) slightly decreased to RSD 1,099 with trading value amounting to RSD 3m; the concession contract for the company will be re...
- Nenad Gujanicic
- Stasha Petkovic
BELGRADE STOCK EXCHANGE - Market Overview with 2019 Outlook
Belgrade Stock Exchange in 2018 Turnover falls, chronic illiquidity trend set The domestic stock market recorded a slight increase of 0.3% in 2018, measured by the Belex15 index, contributed by the Belgrade Airport (AERO), which became the subject of the concession and Komercijalna Bank (KMBN), in anticipation of privatization in 2019. The aforementioned companies, with Galenika Fitofarmacija (FITO) and the Petroleum Industry of Serbia (NIIS), have taken over 60% of equity turnover on the B...
- Nenad Gujanicic
- Stasha Petkovic
Weekly Preview - January 8-11, 2019
Market trends: ¤ Sevojno-based Impol Seval (IMPL) was the most traded stock with an increase of 6.7% to RSD 3,200; around 0.6% of total shares changed hands on Friday, with Generali pension fund as a seller. ¤ Komercijalna Bank (KMBN) dropped 2.2% to RSD 2,150 with turnover of RSD 4.3m; some media speculated that state intends to halt privatization of the bank, and wants to hold majority of shares. ¤ Belgrade Airport (AERO) continued its downward trend, losing additional 17.5% due to expiration ...
- Nenad Gujanicic
- Stasha Petkovic
Weekly Preview - Deceber 17-21, 2018
Market trends: ¤ Galenika Fitofarmacija (FITO) - 8.8% of total shares outstanding changed hands in three large transactions; the stock fluctuated mostly in a range of RSD 2,720-2,750 with huge turnover. ¤ Belgrade Airport (AERO) jumped 3.7% to RSD 1,815 with trading value of RSD 65.5m; France's VINCI Airports officially took over the 25-year concession of the company on Friday. ¤ Shares of the Petroleum Industry of Serbia (NIIS) hit a psychological level at RSD 700 last week, but the largest par...
- 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 a...
- Nenad Gujanicic
- Stasha Petkovic
Weekly Preview - December 3-7, 2018
Market trends: ¤ Jedinstvo Sevojno (JESV) was the most traded stock, after the company continued its share buyback program; investment fund East Capital sold its 3.6% stake in the company at RSD 5,100 per share.¤ Belgrade Airport (AERO) jumped 5.4% to RSD 1,802; the stock hit weekly maximum on Friday at RSD 1,820. which was the highest level of the stock since January this year. ¤ Shares of Komercijalna Bank (KMBN) dropped 4.1% to RSD 2,100 level; Belgrade media reports some US investment fund e...
- Nenad Gujanicic
- Stasha Petkovic
Weekly Preview - November 26-30, 2018
Market trends: ¤ The Petroleum Industry of Serbia (NIIS) was the most traded issuer, with huge pressure at the sell side; NIS decreased 0.4% to RSD 677, its lowest closing price since August this year. ¤ On the other hand, Belgrade Airport (AERO) increased 0.6% with solid investment activity among buyers; the company announced 6% increase in number of passengers in November. ¤ Shares of Komercijalna Bank (KMBN) jumped 3.8% to RSD 2,190, but were mainly traded throughout the week at RSD 2,100 lev...
- Nenad Gujanicic
- Stasha Petkovic
Petroleum Industry of Serbia (NIIS) - 9M18
Petroleum Industry of Serbia (NIIS) After worse than expected first quarter, Petroleum Industry of Serbia (NIIS) significantly increased its profitability in the upcoming period, with largest contribution coming by the higher price of crude oil, as well as the growth of the company's market share, especially in the third quarter. Now it is already certain that NIS will surpass the last year's result at a two-digit growth rate. In the period January-September, NIS recorded 23.2% revenues growt...
- Nenad Gujanicic
- Stasha Petkovic
Weekly Preview - November 19-23, 2018
Market trends: ¤ Belgrade Airport (AERO) was the most traded again, with turnover amounting to RSD 34.5m, mostly at RSD 1,710 level; investors are still waiting for the updates on the concession by French VINCI. ¤ The Petroleum Industry of Serbia (NIIS) closed the week 1.2% lower amid huge pressure on the sell side; the value of barrel of crude oil has tumbled around 20% this month. ¤ Shares of Galenika Fitofarmacija (FITO) continued their solid turnover trend at the unchanged level of RSD 2,800...
- Nenad Gujanicic
- Stasha Petkovic
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; th...
- Nenad Gujanicic
- Stasha Petkovic
Weekly Preview - November 5-9, 2018
Market trends: ¤ Komercijalna Bank (KMBN) was the most traded stock, due to a single transaction on Friday at RSD 2,055; the stock hit weekly highest level at RSD 2,100. ¤ Belgrade Airport (AERO) reached RSD 1,700 level for the first time since mid September; the company announced it served a five-millionth passenger, with a growth rate at 9.1% in November. ¤ The Petroleum Industry of Serbia (NIIS) almost reached RSD 700 level, but most of the weekly trades were executed at RSD 685; the company ...
- Nenad Gujanicic
- Stasha Petkovic
Weekly Preview - October 29/November 2, 2018
Market trends:¤ The Petroleum Industry of Serbia (NIIS) was the most traded issuer with turnover of RSD 77.1m, mainly recorded in a single transaction at RSD 686; the stock hit weekly maximum at RSD 700 level.¤ Alfa Plam (ALFA) closed slightly higher at RSD 34,050 with turnover amounting RSD 11.3m, following a huge transactions in the previous week thanks to activity of majority owner.¤ Shares of Metalac (MTLC) closed slightly lower at RSD 2,043 with tiny turnover; the stock has fluctuated nar...
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