According to its unaudited report for the FY2014, Iran Tractor Manufacturing Company has recognized 1296 IRR EPS with 900 IRR bn capital showing an 86% increase. Its net sales amount was 8,406 IRR bn accompanied by a 14% increase; its final cost jumped up by 21% and its gross profit was 1,464 IRR bn being 8% less than the previous year. The company’s sum of expenses was followed by a 38% fall in this year while its operating profit grew by 54% and reached 795 IRR bn. Furthermore, its financial costs experienced a 1% increase. Technically speaking, this share is traded at the price of 5,160 IRR. It is so while it could reach from 4,600 IRR to 5,200 IRR in the last week of this month. It must be noted that this share has a very important resistance level at 5,300 IRR, a resistance level which has not been passed since the last February. If this share succeeds to pass this resistance level, it can once again reach the 6,000 IRR range.
Niroo Mohareke Company announced its audited real return for the FY2014 to be 605 IRR. Its net sales amount was 5,330 IRR bn which was 95% more than the last year. Its gross profit reached 708 IRR bn by a 188% raise. Furthermore, the company’s sum of expenses grew by 119%; its operating profit reached 382.8 IRR by a 296% increase and its financial costs decreased by 28%. Technically speaking, Iran Tractor Company has recently become able to break its resistance level at 1950 IRR. Currently, this share faces the 2100 IRR resistance and its next resistance levels will be the range of 2400- 2500 IRR. Its important support level is the 1760 IRR level and if broken, it can reduce the share price to 1400 IRR.
Kurdistan Cement Company released its first 6-month performance report for the FY2015 ending September 22, 2015. According to this report, it recognized 24 IRR EPS with 648 IRR bn capital in the period ending March 20, 2015 which only covered 12% of its estimated EPS. It is so while this company had recognized 133 IRR EPS with the same capital last year. The company’s sales amount fell by 13% while its total sales amount in this year has been estimated to be 1,046 IRR bn which is more than the last year’s. Furthermore, its gross profit has experienced a significant fall from 159 IRR bn to 57 IRR bn. Its profit margin has also decreased from 39% to 16% and its operating profit has been 87% less than the previous year. The significant growth of the financial costs is the main reason of the difference between 2015 budget and the real performance in the last year. While it had only 6.8 IRR bn financial costs last year, 88.2 IRR bn has been estimated for this year, although its financial cost for the first half of this year was only 70 IRR mn. The reason to such an increase has been stated to be factors such as the prediction of changes in the project’s implementation time table. As a result, Kurdistan Cement Company has negatively adjusted its estimated EPS from 242 IRR to 193 IRR.
TSE at a Glance
IFB at a Glance
Trading Halts & Delays
Negotiation results are still dominating the market behavior. Although no positive news has been officially announced, people are optimistic, hopeful and mostly interested in shares with the potential of being positively influenced by the negotiation results, since if the results are positive, those industries which had suffered the most due to sanctions, i.e. sectors such as automotive and banking, will significantly grow and strongly resume their activities. However, experts believe that the main problem of our capital market results from the national economy recession and no huge positive change can be expected even after reaching an agreement. This problem can be solved when the country’s ill economy starts to get better and such a thing requires at least 1 year, even in case of a positive deal. Taking these matters into account, it must be reminded that in case of no positive agreement, which does not seem that much probable, we can still expect positive market behavior since there are some sectors in the market which will benefit from dollar value increase that can end in the significant growth of the market index. Besides, there are some other negotiation-free sectors in our market which are not affected by the positive or negative results. Therefore, this market is a suitable place for those investors who act rationally and realistically under any circumstances taking a long term viewpoint.
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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