Baltic market review, week 38

» Verslo ir rinkų naujienos
Autorius: DnB NORD bankas Data: 2007-09-17 11:13 Komentarai: (0)
Lifosa, Lithuanian fertilizer producer, today announces its August sales, expected to be as high as LTL 140M. Deviations from the target figure will undoubtedly lead to price correction, as the stock is a favourite pick among speculators.

Stumbras, Lithuanian based producer of spirits and beverages, has announced to have reached turnover of LTL 13.2M during August, +53% y/y. Although somewhat smaller increase compared to 1H revenue growth of +65%, the result is still much better than the current share price accounts for. We expect the good news to further increase investor interest in the company that is set to increase its free float to 40% until the end of year, and the share price to appreciate during the week.

Sanitas, Lithuania based pharmaceuticals producer, is to announce August result this week. We expect an EBITDA figure of ca LTL 5.5M to meet investor expectations, while larger variations from the target to result in a corresponding price correction during the week.

Pieno Zvaigzdes, Lithuanian dairy supplier, has disclosed an insider trade of its management last week. Despite the recent surge in the share price, we expect the news to increase investor confidence, as management sends a clear signal to the investors that it still considers the price to be at a level worth investing.

LAST WEEK: RECOVERY IS ON THE WAY... AS DAIRY SECTOR LEADS THE WAY

Lithuanian dairy sector has seen a second consecutive week of unparalleled growth, as lack of direction from the global markets coupled with scarce news supply has seen the dairy industry benefit, with Zemaitijos Pienas up +11.28%, Rokiskio Suris +9.58%, and Pieno Zvaigzdes +7.9% during the week. Notably, Rokiskio Suris and Zemaitijos Pienas even made it to the 10 most traded shares list, a feat rarely, if ever, witnessed before.

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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
 
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