Germans to renovate Iran Airports!
– After the entrance of new airliners to modernize the nation’s fleet, an MoU has also been signed between Iran Airport Company and Germans, including Frankfurt and Munich Airport, aimed at expanding Iran Airports and modernizing its equipment and facilities. This MoU deals with navigation infrastructures and operation management in addition to airport development.
– The Minister of Roads and Urban Development announced the signing of deal between Iran and Germany in the transportation railway transportation sector. The planned locomotives will be jointly produced by Siemens and Mapna.
– The Managing Director of the Central Securities Depository of Iran (CSDI) announced that over the past 12 months, over 264 foreign investment requests have been registered, posting a 42% rise, thanks to the JCPoA.
– As the head of Majlis Economic Commission announced, the banking session reform bill will be reviewed for the final session in April-May 2017. As has been previously stated, this bill deals with issues like obliging institutions to disclose information and imposing restrictions on their investments as well as explaining banking operations and services.
– Following the hikes in US dollar price in the recent months to hit IRR 40,000, the CBI has taken various measures to fight back speculative activities to control this rate in a way that it currently hovers around IRR 38,500 in Tehran’s market.
– In its estimates for the FY ending 20 March 2017 based on its Q3 performance, Calsimin has positively adjusted its previous EPS of IRR 341 by 26% to stand at IRR 429; the company has made IRR 329 in this period, covering 77%.
– Predicting to realize IRR 210 EPS, Bojnourd Cement has recognized IRR 241 in the Q3 ended 20 December 2016, covering 95%; the company has estimated to positively adjust its EPS by 20% to reach IRR 253.
– Shahid Bahonar Copper Industry has released its new estimated EPS to be IRR 202 for the FY ending 20 March 2016 positively adjusting its previous EPS of IRR 138 by 46%. The company has managed to make IRR 101 during the first 9 months.
– Iran’s Zinc Mines Development has succeeded to increase its EPS for the FY ending 20 March 2017 by 19% to stand at IRR 182; the company has covered 25% of this amount over this period equal to IRR 55.
– Shahroud Cement has lowered its EPS for the FY ending 20 March 2016 based on its Q3 performance by 15% from IRR 61 to IRR 52; the company has realized IRR 29, i.e. 56% over this period.
In the Market
Just like its previous trading session, Iran Arqam in the Computer space witnessed a price hike and started the session with a buy queue, it closed in the +1.03% zone.
Among names in the Food and Beverage industry, Shahdab-e Nab-e Khoarsan Agro-Industries faced a buy queue; it has been heard that the company is to launch a new product line and also under negotiations with Russia to export products. Pars Minoo, Mahram, Pakdis, Behnoush-e Iran and Piazer Agro-Industries also closed with buy queues.
Names in the Transportation group observed a demand growth. Benefiting its shareholders with 25% return, Heseir kept its buy queue for the 6th session. Persian Gulf International Transportation (+4.22%) and Tidewater Middle East (+2.05%) along with Tuka Rail (+1.53%) finished in the green area, too.
All tickers in the Construction industry ended above their flat lines with half of them ending in the +4% area; the rumor has it that the government is to launch new and special plans to encourage this industry. This positive atmosphere expanded to the Cement space, leading symbols like Fars & Khuzestan Cement and Tehran Cement to face buy queues; as technical analysts believe, these symbols seem to be at the end of their correction.
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