“Transparency in the market could have an essential role in improving the nation’s economic productivity”, Fetanat, the chief of the Security and Exchange Organization of Iran said today. He added that not even the shareholders will benefit from the market transparency, the government and taxing system will also profit. He clarified that publishing only government circulars and bills will not be enough for this purpose. He mentioned that improving the transparency of financial statements is one of the main SEO’s objectives and soon the opaque sectors will be required to publish monthly financial reports.
Zamyad Co. released its audited FY2015 budget. The company announced its forecasted EPS 25 IRR same as its pervious unaudited report. This number shows 400 percent jump compared with the company’s last year forecasted EPS. Generally, in automotive sector, the fate of this segment companies totally depends on the result of nuclear negotiations. Zamyad Shares are currently traded at 1820 IRR. While, the 1850-1870 levels are the main resistances which could bring more volatility to its price trend.
Pak Dairy Co. announced its forecasted EPS for FY2015 and released its 3Q2014 performance report. The company made 57 IRR return per share in 9 months period and covered 25 % of its forecasted EPS for FY2014. The real return in this period increased by 42.5 percent compared with same period last year. If the company reaches its forecasted EPS for FY2014 which is 230 IRR for each share, the real return for FY2014 will decrease by 33.5 percent compared with year before. Drop of profit margin from 14 to 12 percent is one of the main changes in the 9 months company report compared with the same period the year before. Pak with the capital of 177,545 IRR mn has predicted 454 IRR EPS for FY2015 with 97 percent increase compared with FY2014. Due to considering different combination in production and sales products the company’s sales and net income has been improved by 30.5 and 38 percent respectively.
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Iran Fara Bourse is a regulated market for smaller industrial companies
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From next week the companies will start releasing their 4Q2014 reports which no specific adjustment is expected and probably most of them will announce that their forecasted EPS has been realized over 12 months period. With regard to the 3Q reports the pharmaceutical companies will be the best performing companies among other sectors. The other sector which could take the market attention will be the leasing. During the past week, significant liquidity has gone to the banking sectors. The main buyers were legal investors and the main sellers were retails. It seems most of this inject liquidity was for speculating and gaining short term returns. However, holding low risk shares in this sector such as Mellat and Tejart is recommended. As it was mentioned before, the market is following a moderate bearish trend.
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