- In the metal sector, among 19 companies only 7 predicted the rise in their return compared with current year. At the top is Kashan Amirkabir Steel Co. with 23 percent increase in sale and 108 percent increase in its net income. The company predicted to reach 905 IRR EPS in FY2015 with 111 percent improvement compared with current year. Mobarekh Steel CO. with the highest market cap in the group, forecasted 23% profit margin with 11 percent decline in its EPS compared with current year. With regard to the market cap, the second place belongs to National Iranian Copper Industries Co. , which predicted 5 percent decline in its next year return. However, National Iranian Lead & Zinc Co. which is a losing company forecasted 8 percent increase in its next year sale and decreased the total loss 137 percent compare with current year.
- The IT company, Fan Ava, clarified its 20% shares offering. If 20% stake of the company is traded with the base offered price, the income will be 214,800 IRRmn which will add 488 IRR per share to non-operating return for year ending 21 Dec 2016, the Company’s CEO announced. He also mentioned that the additional income from this sale will be used for long term projects including maintenance and support of smart card system. The 60 mn shares block of the company will be offered in IFB on 11 March 2015 with base total price of 274,800 IRR bn.
- 10 percent stake of Alborz Bulk Pharmaceutical Co., with 11 IRR bn capital, will be offered for the first time in IFB on Tuesday 10th March 2015. The company had forecasted 830 IRR EPS for FY2014 which could be covered 78 percent in 9 months period. The company has also forecasted 950 IRR EPS in its next year budget. Alborz Bulk has lower profit margin compared with other sectors companies. The share price is evaluated at 4300-4800 IRR level. However, it’s not clear whether the initial offered price worth buying.
TSE at a glance
IFB at Glance
Today the market followed the same trend as previous days. Those who are staying in the market are not enthusiastic enough for new buying and others are waiting for good news to enter in. both groups are at the same phase which is “waiting”. The political ambiguities alongside the traditional and seasonal sale on the last month of the year make the situation worse.
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 email@example.com