With its 480 IRR bn capital, Bistoon Lump Sugar Company recognized 167 IRR loss per share in the first half of the FY2015 ending September 22, 2015. It is so while it had recognized 69 IRR EPS in the last year. In this period, this company’s net sales amount grew by 82% and reached 486 IRR bn; its final cost rose by 136% and ended in the 85.5 IRR bn gross loss. The company’s sum of expenses increased by 51 compared to the same period last year; furthermore, its 35 IRR bn operating return turned into its 68.8 IRR bn operating loss and its financial costs jumped up by 45%. As a result, the effect of these factors weakened the performance of this company in this period.
Holding 47,700 IRR bn capital, Tejarat Bank released its unaudited performance record for the FY2014 ending March 20, 2015. This bank recognized 114 IRR EPS which shows a 27% raise compared to the last year’s real return. The sum of its mutual income reached 92,241 IRR bn which was accompanied by a 37% increase; its depositors’ interest amount grew by 51% reaching 95,429 IRR bn; and its granted facilities’ interest showed a 27% raise and reached 16,290 IRR bn. However, due to the result of its exchange transactions which was reduced by 95%, Tejarat Bank’s sum of income was accompanied by a 12% fall reaching 30,501 IRR bn. However, this bank’s sum of expenses equaled 24,695 IRR bn by a 6% decrease and its real net profit reached 5,219 IRR bn showing a 26% increase.
Pars Khodro Company, owning 6,774 IRR bn capital, made 8,782 IRR bn by selling its products at the end of FY2014 which showed 1% decrease compared to the last year; its final costs increased by 1% and its gross profit decreased from 290 IRR bn in 2013 to 64 IRR bn in 2014, demonstrating a 78% fall. Although this company’s sum of costs decreased by 8%, its financial costs rose by 28%; besides, its operating loss reached 1,345 IRR bn by an 8% decrease. In other words, Pars Khodro Company recognized 528 IRR loss per share in this year while it had recognized 1,131 IRR loss per share in the FY2013 with 2,000 IRR bn capital.
TSE at a Glance
IFB at a Glance
Trading Halts & Delays
It seems that the market has not exactly followed the previously positive trend predicted by market activists. In fact, it somehow shocked analysts by its bearish trend yesterday. We must be prepared to experience such ups and downs in the market until the final results of the negotiations are released. However, we prefer to take an optimistic viewpoint towards the market and concentrate more on the sectors that may be benefited from a positive and win-win accord. After reaching an agreement, of which sanctions relief is one of the outcomes, the whole market will probably grow. For example, goods transfer increase between Iran and other countries may strengthen the transportation sector. Since about 80% of the materials used in the automotive sector come from the metal and petrochemical products sectors, any progression in the automotive sector can boost the related sectors and industries such as the chemical sector, leasing, and auto part manufacturing industries. Sanctions relief can also contribute to the increase of petrochemical products export and also attract foreign investors to the field. Furthermore, regarding the banking sector, a positive accord can facilitate the transfer of the blocked currency exchanges to the country and increase money transactions with other countries. In addition, sectors such as cement, steel and equipment can also benefit from the results of a positive agreement in the long run. In conclusion, as many experts believe, keeping a portfolio of shares from the transportation, automotive and banking sectors may be a good idea under such circumstances. It must be noted, however, that risk taking investors may find such suggestions fruitful and those who cannot tolerate these shaky trends are better advised to focus more on the negotiation-result-free shares, such as the pharmaceutical sector, at least until the official announcement of the final results.
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.
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