- Almost 178 companies announced their next year forecasted EPS among which 106 had positive adjustments compared with current year (ending 20 Mar 2015). In the Petrochemical sector 14 companies had positive adjustments and only 4 companies forecasted less than current year’s return. In pharmaceutical sector 19 companies predicted more return and only one declined its return compared with current year. In construction sector, 8 companies had positive adjustments for their next year’s return and two companies reduced their forecasted profit. In banking sector 3 companies expected more return for next year and one company adjusted its return negatively. In automotive sector, 7 companies announced more EPS and 6 Companies announced less EPS than current year. With regard to the SEO’s report (the Security and Exchange Organization of Iran) total forecasted returns have been improved by 8 percent compared with last year report. In year 1393 (ending Mar 2015), the companies forecasted return was 568,000 IRR bn in total which had been 523,000 in previous year. Moreover, the price to earning ratio has reached 5 in current year which was 7.9 in 1392.
Daily Market News – 22 Feb 2015
- The central bank of Iran announced 15.7 inflation rate for the tenth month of current Persian year ending 20 Mar 2015. The inflation rate has declined compared to previous months with slower momentum. Based on this report the consumer price index had also a 16.3 percent increase in 12 months period ending 20 Jan 2015, compared with same period last year.
- The director of the Geneva-based Centre Arabe de Recherches et d’Analyses Politiques et Sociales (Arabic center of Social & Political Studies), said yesterday: “a positive atmosphere is ruling the new round of negotiations between Iran and group 5+1. Riadh Sidaoui also mentioned in an interview with Al Mayadeen Tv that it seems this positive atmosphere will lead to final and long term decisions. However, John Kerry, United States Secretary of State, mentioned earlier that there are still significant gaps and Barak Obama is prepared to halt nuclear talks with Iran if Tehran does not agree with conditions which approve its peaceful proposes.
Daily Market News – 21 Feb 2015
- Iran and the United States have started their new bilateral talks in Geneva from Friday morning. The sanctions and Centrifuges issues are the main subject of this round of the negotiations. The foreign ministers will also join on Sunday. Yesterday, Iran’s foreign minister, Javad Zarif said “from my point of view, we should reach an agreement until June and it’s not convenient to announce a political declaration on June and wait for details later. This would start an open ended process which is beneficial for no one “.