Following the participation of Electricity Meter Manufacturing Co. (Sherkat Kontorsazi Iran- SKI) in Syria’s three open tender buying which were held by the Syrian Electricity distribution Organization for purchasing the power meter, the company’s products met all the requirements and international standards and approved for purchase. Based on the three contacts were signed, the SKI is required to export 400 thousand single phase electricity meters, 50 thousand direct 3 phase electricity meters, 25 thousand indirect phase electricity meters to Syria in 2015-16. Financing of these contracts will be from the existence credit between Iran & Syria and will be through the Saderat Bank.
Middle East Mines & Mineral industrial Holding Co. (MIDCO) released its 12 months audited financial performance report for year ending 20 Mar 2015. With 16,800 IRR bn capital the company earned 191 IRR return per share which increased by 60.5 percent compared with a year before. MIDCO’s total income and operating income increased respectively 121 percent and 127 percent compared with FY2013. The share’s price trend has a moderate bullish trend with a resistance at 4300 and 4600 IRR levels. Currently the share is being traded at 4200 IRR level.
Seven percent stake (equal to 997,640,000 shares) of Mobin Petrochemical Co. will be offered initially in TSE by Persian Gulf Petrochemical Holding Co. on Tuesday 28 of April 2015, TSE announced. The sales pressure in today’s market increased after this announcement.
TSE at Glance
IFB at Glance
Iran Fara Bourse is a regulated market for smaller industrial companies
Trading Halts & Delays
www.codal.ir is a comprehensive database of all listed companies regulated by SEO
Reluctance for buying is becoming stronger as the general meeting season is getting closer. The low volume and value of trades also confirm this fact. In general, the whole economy is in the waiting phase. All the economic and investment activities are suspended for the outcome of the nuclear negotiations.
DISCLAIMER: This report has been prepared and issued by Agah Brokerage Firm on the basis of publicly available information, internally developed data and other sources believed to be reliable. The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. Agah does not assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions. Any expressions of opinions are subject to change without notice.
To contact the reporters: Negar Moshirfatemi at firstname.lastname@example.org