EUROCORP

Γιορτάζοντας 25 χρόνια της EUROCORP

Financial Morning News 29/11/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,180.77 posting profits of 0.42%, in a turnover of €73,57mn.

According to press reports, a deal between the government and the troika on the size of a projected fiscal hole for next year and on reforms Greece must implement to secure continued rescue funding is unlikely to be reached before the Eurogroup summit on December 9 and the anticipated return of troika might be delayed. It had been expected that troika officials would return to Athens next Monday. If a deal is not reached by December 9, it is likely the two sides will aim for a solution before a EU leaders’ summit on December 19 and 20.

Corporate Impacts

  • Piraeus Bank, Eurobank, GEK TERNA, EYDAP: 9M’13 results.
  • Alpha Bank: The bank announced in 9M’13 profits of €2.47bn or losses of €102mn without the impact of Emporiki Bank. The net interest income in Q3’13 increased by 6.7% at €440.6mn, due to the lower cost of time deposits and wholesale funding. NPL’s stood at 32.9%, while the bank improved its liquidity position driven by deleveraging and stability in deposits (loan to deposit Ratio in Greece at 119%, improving from 167% in June 2012). The bank has a strong capital position with a Core Tier I ratio at 13.5%.
  • Folli-Follie: The company in 9M’13 reported sales of €638.1mn (+6.2%), EBITDA of €127.2mn (+31.5%) and net profits of €112mn (+38.3%). Please note that the net debt improved to €111.3mn from €592mn at end 2012.
  • Cypriot Banks: Private-sector deposits fell by 1.3% to €35.1bn, after a 1% fall in September (ECB).
  • Greek Banks: Private-sector deposits fell to €160.3bn in October vs. €161.3bn in September (ECB).
  • Technical

    FTSE 25 November future:

      Support levels: 384-378-372. Resistance levels: 395-400-408.

    General Index:

      Support levels: 1,165-1,150-1,140. Resistance levels: 1,200-1,210-1,230.

Financial Morning News 28/11/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,175.82 posting profits of 2.10%, in a turnover of €178.14mn.

The Secretary General of the OECD Mr. Angel Gurria said in a meeting with the Prime Minister Mr. Antonis Samaras y, during which he delivered the latest OECD report on Greece, that troika must find a solution to make the country’s debt sustainable “as soon as possible”.

Corporate Impacts

  • Frigoglass, Folli-Follie, Alpha Bank: 9M’13 results.
  • NBG: The bank reported a €262mn net profit for the first nine months of 2013, compared to €2.5bn losses in the same period last year. The bank credited the profit on continued cost-cutting in Greece and southeastern Europe, which offset the rise in expenditure in the developing Turkish market. The total assets for September 2013 stood at €111bn vs. €103.1bn last year. Deposits saw a 17% increase at €65bn compared to the previous €55.7bn.
  • Intralot: The sales in 9M’13 increased by 7.9% to €1.08bn, while EBITDA amounted to €143.5mn (+22.6%). The profits before taxes increased by 23.3% to €40.1mn, while the net profits amounted to €0.5mn.
  • Technical

    FTSE 25 November future:

      Support levels: 382-376-370. Resistance levels: 395-400-408.

    General Index:

      Support levels: 1,150-1,140-1,120. Resistance levels: 1,185-1,200-1,230.

Financial Morning News 26/11/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,197.79 posting profits of 2.47%, in a turnover of €187.31mn. Today after the close, the MSCI changes will become effective.

The Finance Minister Mr. Yannis Stournaras said that Greece had to reach an agreement with the troika on the release of the next bailout tranche and next year’s fiscal gap before the beginning of the 2014, when Greece assumes the European Union presidency.

Corporate Impacts

  • PPC, Fourlis, BoC: 9M’13 results.
  • JUMBO: The net profits in Q1 (July 2013-June 2014) amounted to €18.06mn (+5.35%), while the sales increased by 5.82% to €131.19mn. EBITDA increased by 9.70% to €26.86mn.
  • ΕΧΑΕ: The net profits in 9M’13 results amounted to €40.5mn vs. €8.8mn a year earlier, due to the recapitalization of Greek banks. The sales were €67.5mn vs. €22.1mn, while EBT amounted to €54.2mn vs. €12.6mn.
  • Technical

    FTSE 25 November future:

      Support levels: 392-386-380. Resistance levels: 405-412-420.

    General Index:

      Support levels: 1,180-1,150-1,130. Resistance levels: 1,210-1,230-1,250.

Financial Morning News 25/11/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,168.90 posting profits of 2.37%, in a turnover of €120.53mn.

The Greek Prime Minister Mr. Antonis Samaras, after his meeting with the Chancellor Angela Merkel said that he saw no financing hole in the current aid program for Greece and any decision on further debt relief could only be taken once final data on the budget surplus is available next year. Mr. Samaras is optimistic there would be a deal on a new aid tranche with the troika soon.

The IMF’s envoy to Greece Mr. Poul Thomsen said that the troika is not pushing for “horizontal measures” such as further cuts to salaries and pensions, but that structural reforms and a reduction of wasteful spending are necessary.

Goldman Sachs Group Inc. (GS) Vice Chairman Mr. Michael S. Sherwood said his firm would refuse another deal like the derivative it sold Greece that masked the nation’s growing debt to help it meet EU standards.

Corporate Impacts

  • GEKTERNA: EGM.
  • EXAE: 9M’13 results.
  • Jumbo: Q1’13/14 results.
  • Technical

    FTSE 25 November future:

      Support levels: 386-380-376. Resistance levels: 400-408-412.

    General Index:

      Support levels: 1,150-1,130-1,110. Resistance levels: 1,180-1,200-1,230.

Financial Morning News 22/11/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,141.83 posting profits of 0.46%, in a turnover of €146.27mn.

Today, the Prime Minister Mr. Antonis Samaras is scheduled to meet with the German Chancellor Ms. Angela Merkel. The agenda reportedly includes the sustainability of the Greek debt. Ms. Merkel said yesterday that Greece has implemented changes over the past years which are absolutely remarkable and she added that “Who would have thought that Greece will post a primary budget surplus this year?”.

According to the 2014 budget plan, the government expects a primary budget surplus of €812mn this year thanks to higher than expected tax revenues, compared to a previous forecast of €344mn. Please note that posting a primary surplus makes Greece eligible for debt relief from international lenders. Greece maintained its forecast for a primary surplus of 1.6% of GDP (€2.96bn) in 2014 and its target of raising €3.56bn from privatizations next year.

The Eurogroup chief Mr. Jeroen Dijsselbloem said that Greece must urgently meet the commitments it made to international lenders in order to restore its competitiveness and attract foreign investment.

The troika officials, in a joint statement said that a number of questions remain over Greece’s reform progress, but good progress has been made. The discussions will continue from respective headquarters and the talks will resume early December.

Corporate Impacts

  • OTE: According to press reports, more than 1,300 applications of interest have been submitted in the first two days since OTE telecom announced a program of voluntary redundancies. The deadline for applications is November 29 and a sum of €190mn has been set aside to pay for the scheme.
  • Technical

    FTSE 25 November future:

      Support levels: 375-368-362. Resistance levels: 388-396-400.

    General Index:

      Support levels: 1,120-1,110-1,100. Resistance levels: 1,165-1,180-1,200.

Disclaimer

Οι πληροφορίες που παρέχει η εταιρεία “EUROCORP” μέσω της ιστοσελίδας eurocorp.gr μπορούν να χρησιμοποιούνται για ενημερωτικούς και μόνο σκοπούς και όχι για εμπορικούς, επενδυτικούς ή άλλους σκοπούς.

Σε καμία περίπτωση δεν μπορεί να εκληφθούν ως προσφορά, συμβουλή, πρόταση για αγορά ή πώληση των κινητών αξιών οποιασδήποτε αναφερομένης στην ιστοσελίδα εταιρείας ούτε ως προτροπή για την πραγματοποίηση οποιασδήποτε μορφής επενδύσεων.

Η Εταιρεία δεν ευθύνεται για τυχόν εμπορικές ή επενδυτικές αποφάσεις που θα ληφθούν με βάση τις πληροφορίες αυτές.

Error Page

GlobalSoft Perquote Server 1.0.2.9

    Error 404:   

    The page requested not found!

 

15´ delay data - powered by Globalsoft