Damavand Power Generation Management Company, a company in the utilities sector and with the ticker BDMZ, as the largest electricity supplier in the Middle East and second company in this category being quoted on IFB after Bargh Mapna is ready for an IPO of about 10 percent of its shares. Company’s capital stands at $13.4 mn and intends to conduct a capital raise up to $146.2 mn from either financing through claims due from the government or retained profits or both after public offering performance of the company.
Pardis Housing Investment Company belongs to the Housing Investment Company. Established in April 2006 in Tehran, this company focused mainly on designing, offering consultancy, technical and engineering services and implementing mass construction projects. Its projects fall within the categories of participatory, contracting, and investment projects. Based on the latest statistics and possessing 300 IRR bn capital, this company considered 1,027 IRR EPS for the fiscal year ending September 22, 2015. During the last 3 years, it has had 6% positive deviation in sales and 5% positive deviation in final costs; experts believe that Pardis’ sales margin has been bullish. Taking the company’s main project types into account, experts agree that their valuation has its own complexities and it is not possible to do that based on NAV; the intrinsic value of each share, therefore, was estimated to be 5700 IRR according to the company’s cash flow. Today, 10% of this company’s stock was offered in the market to be traded at 5400 IRR.
In “IFN Issuers Forum 2015” held in Dubai, the head of Securities and Exchange Organization stated that as a result of the nuclear deal, delegations at presidential and ministerial levels paid several visits to Iran’s capital market aiming to investigate the potential business opportunities and prospects, as Iran has been placed among the top 10 fastest growing economies in the world due to statistics and analyses conducted by domestic and foreign research centers. Introducing Iran’s capital market to the audience, Dr. Fetanat added that SEO is intended to develop relevant regulations to facilitate foreign investment process by collaborating and cooperating with domestic and international credit-rating agencies. In the end, he referred to an international conference in the upcoming year with foreign investors and market activists’ attendance to scrutinize the opportunities surfaced in the post-sanction era.
Liquidity crisis has been continuously cited by market activists and analysts as number one challenge with which our capital market is wrestling. Market experts believe that uprooting recession in true sense of the word could encourage and stimulate the skeptical to bring their capitals into the market, contemplating that transparency in industry-related decisions is one of the ways to absorb liquidity and boost the market. Economic viewers are of the opinion that ambiguities regarding the listed sectors shall be removed and the transparency level in state decisions influencing the stock market should increase for which designing long term rules and regulations is a pre-requisite.
Climbing 9 steps, Persian Gulf Petrochemical Industrial Company managed to accomplish the 44th grade among the superior petrochemical companies in the world. According to the latest records by ICIS, this company was rated as the second superior petrochemical company in the Middle East. ICIS defined factors such as sales amount, return increase, and capital raise as the main criteria in this evaluation. It is noteworthy to say that owning $13,953 mn capital, Persian Gulf made $9,956 mn income and $2,396 mn profit in 2014.
Tamin Pharmaceutical Investment Company (TPICO) released its audited 12-month period financial report for the fiscal year ending May 21, 2015. Holding 2,900 IRR bn capital, this company recognized 1,032 IRR EPS while it had made 906 IRR EPS with the same capital for the same period last year, showing 14% gain. Its total revenue proved 14% increase to stand at 3,040 IRR bn; besides, its operating profit also demonstrated 14% rise reaching 2,984 IRR bn. The pharmaceutical sector has proven its profitability under the sanctions; they seem to have a more prosperous future ahead in the post-sanctions era.
In his latest interview, TSE CEO announced the best policy to support the stock market to be market transparency which can be materialized by the government and policy makers. Remarking that ambiguity is the main reason driving investors towards short-term investment decisions, he continued that no investor is willing to invest in a dull climate taking a long term outlook, since many variables might change over time and the farther future will not be predictable.
In his latest interview, the chief of Securities and Exchange Organization discussed the recent changes occurred in the capital market. Believing that the capital market mirrors the overall economic health of the country, Dr. Fetanat stated that to support it, there must be a convergence between policies adopted by different organizations of the country, namely among ministries of economy, oil and gas, defense, mines and commerce, generated by correctly and realistically analyzing the current situation.
The ratification of establishment of the stock market stabilization fund by the government led to the market activists’ satisfaction with the run of the long-expected fund to back the market at times of extreme price swings in the stock exchange, that would most likely end in grabbing investors and shareholders’ attraction to the market and secure their stakes there at periods of large market pressures as panicked investors were hit dramatically in China with shocking devaluations on their stock prices as this country did not entertain the necessary and the sufficient ammunition to tackle the inevitable slowdown in its respective economy.
Holding 2,420 IRR bn capital, Bahman Investment Company earned 2238.5 IRR bn out of its investment return and sales for the H1 of the fiscal year, ending June 21, 2015. After subtracting the SG&A cost, it realized 98.5 IRR bn operating profit, resulting in about 99 IRR bn net profit and 41 IRR EPS. At the end of the first half, this company managed to make about 625 IRR bn retained capital.