ATHENS GENERAL INDEX - RETEST



Retest 790 points

777 points RESISTANCE

Comments

Post a Comment

Popular posts from this blog

PPC

According to electricity market operator’s (LAGIE) latest report for electricity market,  PPC’s retail market share  in April fell to 82% from 82.75% in March. The three largest independent retailers (Heron 3.98%, Elpedison 3.63% and Mytilineos 3.72%) witnessed small changes in their market shares.  Recall that PPC’s market share (according to targets set by the MoU signed between Greece and foreign creditors) should fall below 62.24% by the end of 2018 and below 50% by the end of 2019, however it is likely that these targets will be revised upwards as creditors appear to accept Energy Ministry’s proposal to exclude HV and energy intensive MV customers from the market share calculation.
Read more

Piraeus Bank

Piraeus   Bank  is in exclusive talks with Czech APS Holding over the possible sale of a EUR 2.2bn unsecured NPL portfolio (project Arctos). The portfolio has a gross book value of c. EUR 400m. According to previous reports, the portfolio includes c. 220k credit card and consumer loan NPLs, with 50% of these ranging from EUR 1,000 to 5,000. Recall that the bank has recently said that NPL sales should be capital accretive with this sale seen adding some 10bps to group’s CET1 ratio, possibly from a reduction of RWAs. 
Read more

Titan Cement

The positive outlook of the US (despite a mediocre start to the year due to adverse weather) is still counterbalanced by weak market conditions in Egypt and Greece for which we expect now an even slower pace of recovery. On the other hand, group’s strong market position in the US and competitive cost structure in all regions should translate to solid FCF generation (average 5-year FCF yield of 8%), allowing management to combine deleveraging, satisfactory dividend and growth capex. Overall, our revised estimates result in a target price of EUR 22.00 from EUR 22.40 previously, which at current market levels yields a “Neutral” recommendation. ΓΌ    Greece :  Continued weak residential demand and delays in the implementation of new infrastructure projects after the completion of four motorways in 2017 point to a high single-digit drop in domestic cement demand in 2018. On the other hand, cost savings (a EUR 4m staff reduction charge was taken in 4Q17) and high export ...
Read more