- Focusing on new financial Instruments and project funds are the strong government intentions for next year. “Capital raising and financing for the oil, industrial and construction projects are the main programs of governments in capital markets for next year”, Mohammadi, the economic director of Economic & Finance Ministry said. He also added that the government is also emphasizing on increasing the commodities and their range in the Commodities and Energy exchanges for next year. Based on his statements setting tax exemption for market makers from 2016 is on the agenda.
- Iran Khodro Co. forecasted its return for FY2015, 40.5 percent less than current year. However, the company announced the possibility of 15 percent positive adjustment in its current year EPS. The company had targeted producing and selling of 600,000 vehicles by the end of this year but according to recent reviews the company can increase its return for each share by 15% during this period.
- Iran’s vehicle production has reached 1,039,000 units in 11 months period of current year and it has been predicted to reach 1,200,000 by 20 Mar 2015. The vehicle production has picked up by 32.9 Percent in 11 months compared with same period last year.
- Iran khodro Diesel Co. has increased the gross margin profit by 6 percent in its next year budget which seems impossible with regards to its financial statements. The company is planning to utilize its 32 percent real capacity for next year. However, due to the economic recession and having the less market share compared with its competitors, this goal seems unattainable. Buying the auto parts with lower prices than this year is also considered which is likely to be unachievable due to inflation.
TSE at Glance
IFB at Glance
Trading Halts & Delays
Thanks to block trades the total volume of trades are staying at good levels. However, there is no real demand for new buying. Even unlike the pervious years the prices of exchanges have not increased. Usually before the Persian new year’s long holidays and due to the foreign holiday trips, the demand for exchanges increases. It seems the recession has penetrated to holiday trips as well. There is only 6 trading days left to the end of this year and no changes are expected in the market trend despite of arriving news from nuclear negotiations.
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