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Ukio Bankas is to announce its Q3 result on Wednesday, with a 9-month profit expected to reach LTL 66.5M. As recent deviations in the share price were relatively small, we expect the last quarterly announcement of 2007 to serve as a breakthrough point in determining the price direction for the rest of the year.
Sanitas, Lithuania based pharmaceuticals producer, has announced its 9-month sales to have reached LTL 254M, with September alone having added LTL 33M, a 40.4% y/y increase. We see the figure as being on target, yet at the same time expect it to result in price appreciation due to comparatively large improvement over last month’s performance.
Rokiskio Suris, Lithuanian dairy supplier, has sold LTL 64.2M worth of production during September, a 30.5% improvement y/y. We expect the news to both strengthen investor confidence in Rokiskio Suris and dairy sector as a whole, fuelling expectations about favourable developments for Pieno Zvaigzdes and Zemaitijos Pienas, whereas especially the latter is additionally attractive due to its multiples lagging behind those of the industry.
LAST WEEK: BALTIC MARKETS TURN TO THEIR OWN WAYS... AS LITHUANIA LEADS THE PACK
Lithuanian energy sector has risen to new peaks last week, after news of permission to increase tariffs by up to 20% have sent the share prices up by double-digit percentages, with Vakaru Skirstomieji Tinklai closing +14.8%, the best result in the Baltic markets, Rytu Skirstomieji Tinklai +14.6%, and Lietuvos Energija up by +9.5%.
In a separate event, Lietuvos Elektrine, the main non-nuclear power plant in Lithuania, has seen its share price surged up by +7.9%, closing at LTL 6.95, after court ruled in favour of minority shareholder to request an increase in mandatory bid rule price earlier placed by Lithuanian government. The adjusted price is to be LTL 7.39.
Liepajas Metalurgs, Latvian steel goods manufacturer, has announced a modernization of its steel works, an investment of ca EUR 250M. The news saw strong reaction from the investors, with share price appreciating +10.4% during the week.
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Mantas Pakėnas
Kapitalo rinkų skyrius / Capital Markets Unit
DnB NORD Investment Banking
J. Basanavičiaus g. 26, 03601 Vilnius
Tel./phone: +370 5 2393776
Faksas/fax: +370 5 2393783
El. paštas/e-mail: mantas.pakenas@dnbnord.lt
Sanitas, Lithuania based pharmaceuticals producer, has announced its 9-month sales to have reached LTL 254M, with September alone having added LTL 33M, a 40.4% y/y increase. We see the figure as being on target, yet at the same time expect it to result in price appreciation due to comparatively large improvement over last month’s performance.
Rokiskio Suris, Lithuanian dairy supplier, has sold LTL 64.2M worth of production during September, a 30.5% improvement y/y. We expect the news to both strengthen investor confidence in Rokiskio Suris and dairy sector as a whole, fuelling expectations about favourable developments for Pieno Zvaigzdes and Zemaitijos Pienas, whereas especially the latter is additionally attractive due to its multiples lagging behind those of the industry.
LAST WEEK: BALTIC MARKETS TURN TO THEIR OWN WAYS... AS LITHUANIA LEADS THE PACK
Lithuanian energy sector has risen to new peaks last week, after news of permission to increase tariffs by up to 20% have sent the share prices up by double-digit percentages, with Vakaru Skirstomieji Tinklai closing +14.8%, the best result in the Baltic markets, Rytu Skirstomieji Tinklai +14.6%, and Lietuvos Energija up by +9.5%.
In a separate event, Lietuvos Elektrine, the main non-nuclear power plant in Lithuania, has seen its share price surged up by +7.9%, closing at LTL 6.95, after court ruled in favour of minority shareholder to request an increase in mandatory bid rule price earlier placed by Lithuanian government. The adjusted price is to be LTL 7.39.
Liepajas Metalurgs, Latvian steel goods manufacturer, has announced a modernization of its steel works, an investment of ca EUR 250M. The news saw strong reaction from the investors, with share price appreciating +10.4% during the week.
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Mantas Pakėnas
Kapitalo rinkų skyrius / Capital Markets Unit
DnB NORD Investment Banking
J. Basanavičiaus g. 26, 03601 Vilnius
Tel./phone: +370 5 2393776
Faksas/fax: +370 5 2393783
El. paštas/e-mail: mantas.pakenas@dnbnord.lt