Valamar Riviera by far led the top gainers with a daily increase of 8.9%, ending the day at HRK 28.1 per share.
Moderna announced that, in a preliminary analysis of a large late-stage clinical trial, its Covid-19 vaccine was 94.5% effective. To be specific, the company stated that preliminary analysis of data from more than 30,000 volunteers showed that Moderna’s vaccine prevented virtually all symptomatic cases of Covid-19. Such news, alongside Pfizer’s announcement last week, could be considered the furthest scientific progress so far in the efforts against the spread of the virus.
As a reminder, Pfizer announced last week that the Covid-19 vaccine being developed prevented more than 90% of infections in a study of tens of thousands of volunteers.
Once the vaccine is given “green light”, the world will face a new challenge – its distribution. The fact the Pfizer’s vaccine must be stored at ultra-cold temperatures until only a few days before its applications imposes logistical barriers which could slowdown the speed at which the vaccine reaches masses.
In contrast, Moderna announced yesterday that new stability data showed its vaccine is stable at refrigerator temperatures for 30 days, which is much longer than a previously estimated 7 days. In other words, such data indicate that vaccine distribution could potentially be easier than previously thought.
The Croatian equity market reacted, unsurprisingly, positively to the news, as virtually all stocks ended the day in green. As a result, ZSE observed a high turnover of HRK 27.6m, while CROBEX increased by 1.96%, ending at 1,673.57 points.
Valamar Riviera by far leads the top gainers with a daily increase of 8.9%, ending the day at HRK 28.1 per share. Such an increase notes the 3rd highest daily increase this year, and the highest increase since 18 May (when the share price increased by 9.87%). Since the beginning of November, the company’s share price has increased by as much as 22.2%.
Next from the prime market comes AD Plastik, which observed an increase of 4.27%, to HRK 146.5 per share. At the current share price, the company is traded at EV/EBITDA of 5.7. Arena Hospitality Group follows with an increase of 2.8%, to HRK 294 per share, which represents the comapany’s high since the plunge in March. At the current share price, Arena Hospitaltiy Group is still down by 20.5% YTD.
According to media, Telekom Slovenije has issued a call for expression of interest in TSmedia.
The mentioned subsidiary operates on the market as the leading provider of digital media content and advanced advertising solutions in Slovenia. The company co-creates the media space with one of the leading online media in the form of Siol.net, and represents the main Slovenian information centre with an access point to the Slovenian web (najdi.si), the bizi.si business assistant, the only official telephone directory in Slovenia (itis.si), and outdoor digital screens.
As a reminder, following the regular meeting of the Supervisory Board of the company in September, the company has started the procedures for the sales process of TSmedia. In 2019, the company recorded EUR 6.3m in net sales.
We note that such news are in line with Telekom Slovenije’s 2021 – 2025 strategy which includes consolidation in individual markets.
It is also noteworthy that Telekom Slovenije has recently stopped the sales procedure of its Kosovo based IPKO, which you can read about here.
The implementation of the project will be completed in February 2022.
TeraPlast Group, will build a new factory within the TeraPlast Industrial Park in Saratel, Bistrita-Nasaud county. The project for the new production unit is worth EUR 9.8m. The products manufactured in the new unit address the water, irrigation and gas networks. The investment includes both new buildings and the acquisition of high productivity equipment. To achieve this, TeraPlast submitted an investment project within the state aid scheme.
The implementation of the project will be completed in February 2022.
In the first 9M of 2020, the Group registered a turnover of EUR 167.6m, representing an increase of 14% YoY. The Group’s EBITDA increased by 46% in the same period, up to EUR 20.3m, while net profit reached EUR 12.4m. For FY 2020 the Group estimates EUR 225m in turnover and EUR 28m in EBITDA. The consolidated net profit estimated for 2020 is EUR 17m, which is double compared to 2019.