Bonds with Highest Yields on Iran Capital Market!
– Acting as a catalyst to deepen Iran capital market by directing liquidity to real economic sectors, debt securities with the highest yields have been reported below until 18 January 2017:
– According to the Statistical Center of Iran, the Inflation Index stood at 6.9% over 21 Dec- 19 Jan, registering 3 points down in comparison with the same period last year.
– Following the contracts between Iran and aviation giants (Airbus & Boeing), the CEO of ATR announced that negotiations with Iran on selling 20 airplanes are to be finalized and a contract, worth $576 mn, is expected to be signed soon.
– After the JCPOA was struck, many believed that the deal will benefit Iran’s private sector the most, weakening the governmental side. However, up until now, it is the state-run companies who have taken advantage of this deal with agreements worth at least $80 bn. Despite being able to open letters of credit in some countries, Iranian companies are still unable to trade with countries using US dollar in transactions; in this regards, it is hoped that the hurdles ahead be addressed in future negotiations, accelerating Iran’s rejoining the global banking system, paving the way for private-sector companies to become the lead.
– After the Iran’s nuke deal was hit, the British officials have looked up for ways to increase business interaction with Iran, which was further stressed after England decided to leave the European Union. In this regard, attempts are underway to speed up trading with Iran, including clearing services in pound for Iranian banks.
In the Market
Estimating the oil price to hover around $50-55, the Oil minister announced Iran’s plan to sell 100,000 bpd to Russia. Despite the rise in global oil prices and good news like less production in the near future, the majority of names in the Oil Products part finished in the red. Isfahan Oil Refining (+0.93%), Shiraz Oil Refining (+1.99%) and Sepahan Oil (+0.27%), on the other hand, ended in the green area.
The latest production reports in the Sugar industry indicate a significant growth mainly due to the government support, settling debts, granting low-interest rate loans to equip and improve their product lines along with the global sugar price. As the result, all names, but Marvdasht Sugar (3.02%), closed in the +4% zone.
Nearly the whole Automotive industry went through negative trades, led by Saipa Group. Only Indamin Shock Absorber (+4.09%) and Iran Lent (+0.62%) remained in the green land.
Ma Insurance, in the Insurance group, has been heard to raise its capital by 250% in 2 phases, reaching IRR 4,000 bn in the next year; the respective share finished in +0.52%.
A great number of names in the Food and Beverage space, including Shahdab Khorasan Industries (+4.56%) and Pars Minoo (+2.09%) ended above their flat lines; Piazer Agro-Industries faced a buy queue.
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 reporters: Inter@agah.com