Mapna is one of the companies making headlines these days. After the announcement of a nuclear agreement between Iran and west, the rumor has it that its old rival, Siemens, is planning to return to Iran’s market, when sanctions have been lifted. The question is whether the entrance of foreign companies to this field can result in the termination of Mapna monopoly or not. Mapna, as one of the superior companies in the Middle East, is in possession of high technology knowledge and enjoys specialized and fully trained workforce; but, experts are eager to see whether this company can compete with foreign rivals in terms of quality and suggested prices or not. Albeit, it should be remembered that investors elect companies based on their profitability expectations; as a result, when their future is mingled by ambiguities, investors prefer to take actions more cautiously.
Following a question on the effect of Iranian blocked currencies’ transfer to the country on liquidity, the Economy Minister stated that according to the ready-made plans, our blocked currencies and the earnings obtained from oil exports increase will be mainly used for the purpose of private sector development. Stressing that the government has designed plans to control the country’s economic atmosphere after such an occurrence, he mentioned that the Rial equivalent of the blocked currencies has been deposited to the government’s account in the past and exerted its effect on Iran’s economy and liquidity increase; however, having been released, such resources belong to the Central Bank. Besides, negotiating with his Italian counterpart, Tayebnia told that the government is determined to follow its policies of economy of resistance even after the sanctions are lifted; the development of imports and the repression of domestic production are not supposed to be the final goal and the adopted policy must be in harmony with the investment and production rise. He insisted on using the new opportunities, especially by the internal private sector and the foreign sector particularly in the export field.
TSE at a Glance
Summary of Trades
IFB at a Glance
Trading Halts & Delays
Today’s market began with a positive start; however, due to supply on the automotive sectors, its positive trend began to turn into a negative one. When markets are negative or immobilized, investors look at banks as the way out; they prefer to invest some of their capital in banks aiming to reduce their risk. Considering the minimum 20% interest rate, banks are still regarded as one of the appealing safe havens for investment options. However, what is obvious in the market is the lack of demand which is because of the lack of established trust on one hand and the lack of market stability on the other. The market’s fundamental status is such that much influential news has been digested earlier and rationally speaking, there is no room for more downbeat. Another point of view is the market behavior. Experts believe that under such circumstances, investors are better to focus on industries or single shares whose P/Es range from 4 to 5, including the pharmaceutical industry or single shares such as Mobin Petrochemical Company or some leasing companies. However, we should bear in mind that a country struggling with fundamental problems in economy, international sanctions, high inflation rate, and do forth cannot adapt itself to new policies at one move and such a matter requires more time.
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