Halted tickers announced!
TSE and IFB issuers supervisory, published a list of halted for more than 7 days tickers clearing the reasons behind. There are 21 with the absence of more than a week.
In the banking sector, despite the numerous follow ups, below names are still reluctant to publish their latest accounts (FY 2015/16). It is noteworthy to mention that CBI objects their financials mostly due the fact that they were not in accordance to IFRS.
The following are not release their new FY (2016/17) budget estimates yet:
“Iran Argham Co.” is halted as of September 14 due the fact that new EPS estimates need clarifications. “Iran Counter Co.”, the sole producer of POS registers and electricity/water/gas meters, has also been halted for a while now since ambiguities over the FY16/17 EPS forecasts and FY15/16 financials are not settled yet.
For more than 3 months, “Gas & Glass Co.” is to provide SEO with additional info on the FY16/17 EPS adjustment, yet there is no news on when they are to come out.
The air around “Polyacryl Co.” capital raising is a bit foggy since May 2016 and the ticker will be halted until after the company decide to make things lucid.
“Iran Aluminum” was supposed to provide an adjustment on FY16/17 EPS and to finalize the financial statements since October 2015 and still there is no news out from the company.
“Iran Khodro Forging”, “Tamin Petrochemical”, “TCI”, “Persian Gulf Transportation”, “Mapna Group” and “Nilou Tile” are also among the list with the following reasons, respectively:
- Shady points on new contracts to be cleared / GM to be held / Financial Statements to be provided / ambiguities to be settled
The last one on TSE list is “Isfahan Tile industries” which basically provided no clear on the financials whatsoever since 2013/14.
Iran Zamin, Day and Tourism banks are halted until after providing critical data on their 2014/15 financials based on their last forecast of same fiscal year.
In the Market
Auto retreats from recent highs!
The stock market finished an upbeat session on a relatively higher note as investors pored over the global commodities prices jump on September. Rumors on a gas price hike also made the day for almost all the refineries. The TEDPIX settled above yesterday line and stood on 77,435 (+0.28).
Long-term struggle showing the reality of Auto sector enchanting new foreign contracts finally settled. Despite the fact that recent fanfare will actually end in better days for the sector giants, yet the investors are not sure to deep the toe or dive in. More than 85 mn shares of “Saipa” changed hand today, made the ticker to close at IRR 1,403 (-1.47%). The situation for “IKCO” (-1.34%) was literally the same with lower volume. Almost all the other blue chips followed the trend as well while the smaller ones, mostly part makers, tried to compensate for the industry.
The iron ores sector finally responded to all the good vibes coming its way. All the tickers ended green on today’s affair. Chador Malou closed at IRR 1,755 (4.78) with near 100,000 purchase orders left in the queue and stamped the highest positive points on the index (+54.58 points). Gol-e-Gohar also followed the exact path with much higher buy orders (more than 7 mn) left in the queue.
Finally, in the heavyweight metal sector, “Isfahan Mubarak Steel” ascended 2.26% after projections for global metals prices raise hope amid investors. “Isfahan Steel” and “National Copper Industries” were the same by showing strong performances of +1.75% and 2.5% on the closing respectively.
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.
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