MSE Trading Report for Week ending 31 January 2020

MSE Equity Total Return Index:

Chart of the Week:  HSBC Bank Malta plc

Highlights:
  • The MSE Equity Total Return Index ended the week on a positive note as it managed to recoup part of the previous week’s loss, with a 0.37% increase to close at 9,504.238 points. A total of 19 equities were active, of which six headed north while another five closed in the opposite direction. A total turnover of €1.48 million was recorded as 213 transactions were executed. The index fell by 1.1% in January.
  • In the banking industry, all four equities were active. Bank of Valletta plc gained ground as it closed 0.47% higher at €1.08. A total of 65,714 shares changed hands over 28 deals. On the other hand, its peer. HSBC Bank Malta plc closed at a multi-year low of €1.05 as 294,241 shares changed hands over 47 transactions.  The bank recorded the highest liquidity last week as trading value reached €312,196 as the price declined by 2.78%. In January, the bank registered a loss of 19.23%.
  • Last Wednesday, during a press conference, Malta International Airport plc announced its long-term goals, including an investment of around €100 million in the terminal expansion. The company’s traffic forecast for 2020 shows that passenger numbers are expected to rise by an additional 2-3%, reaching 7.5 million movements. The company’s financial targets were disclosed at the end of the conference. Total revenue is expected to exceed €102 million while EBITDA is expected to be over €64 million. Net profit is projected to be more than €35 million and capital investments are estimated to reach €23 million.
  • The equity was up by 1.47%, to end the week at €6.90. This was the outcome of 29,829 shares spread over 35 transactions.
  • Last Friday, RS2 Software plc published the presentation for the acquisition of 100% of KALICOM Liebers Zahlungssysteme KG, which was delivered to the stockbroking community. This acquisition will give RS2 a boost for entering into the direct merchant business as well as a potential for a significant value creation through integrated group capabilities. The equity reached an all-time high price of €2.36, but ended week at €2.34, translating into a 1.74% increase, resulting in a gain of 9.35% in January.
  • Last Wednesday, Malita Investments plc announced that the board shall meet on March 11, 2020, to consider and if deemed fit, approve the company’s financial statements for the year ended December 31, 2019. The board shall consider the payment of a final dividend. The next AGM is set for May 6, 2020. The equity traded seven times as 52,355 shares changed hands, leaving the previous week’s closing price of €0.90 unaltered.
  • Last Tuesday, Medserv plc announced that the conditional framework agreement from the launch of the voluntary bid was extended to March 6, 2020. By this deadline, certain conditions need to be satisfied prior to the voluntary bid launched by AMT SA to the company’s shareholders. During the Christmas period, the company commenced its process of due diligence on AMT SA and its subsidiaries. The EGM shall be scheduled once the board approve the terms of the share for share exchange. A sole deal of 2,000 shares dragged the price by 0.91% to €1.09 last Tuesday. The equity did not record more trades during the week.
  • The MSE Corporate Bonds Total Return Index ended the week at 1,081.32 points, translating into a 0.026% increase. A total of 41 issues were active, of which 14 registered gains while another ten traded lower. The 6% Pendergardens Developments plc Secured € 2022 Series II headed the list of gainers with a 2.86% increase, to close at €108.00. Conversely, the 5.8% International Hotel Investments plc 2021 lost 2.39%, ending the week at €101.90.
  • On the Sovereign debt front, the MSE MGS Total Return Index rose by an additional 1.984% reaching 1,142.54 points. Out of 22 active issues, 16 advanced while the rest lost ground. The 5.25% MGS 2030 (I) registered the best performance as it closed 7.14% higher at €160. On the other hand, the 2.1% MGS 2039 (I) closed 4.46% lower at €124.20.
  • In the Prospects MTF market, five issues were active. The 5% Borgo Lifestyle Finance plc Secured Callable 2026-2029 registered the highest liquidity as it generated a total turnover of €12,663, to close at €100.50.
Upcoming Events:
Best Performers:
1. MMS +5.45%
18 FEB 2019 MT: HSBC Bank Malta plc – Results 2. MSC +5.45%
26 FEB 2019 MT: Malta International AIrport plc – Results 3. RS2 +1.74%
11 MAR 2019 MT: Mailta Investments plc – Results
12 MAR 2019 EU: ECB – Monetary Policy Meeting Worst Performers:
12 MAR 2019 MT: Mapfre Middlesea plc – Results 1. MPC -3.68%
2. HSBC -2.78%
3. MDS -0.91%

 

 

 

Price (€): 31.01.2020 Price (€): 24.01.2020 Weekly Change (%) 2020 Performance (%)
MSE Equity Total Return Index 9,504.238  9,469.298 0.369 -1.159
BMIT Technologies plc 0.520 0.520 0.00 0.00
Bank of Valletta plc 1.080 1.075 0.47 1.887
FIMBank plc (USD) 0.600 0.600 0.00 0.00
GlobalCapital plc 0.300 0.300 0.00 7.14
Grand Harbour Marina plc 0.550 0.550 0.00 0.00
GO plc 4.140 4.160 -0.48 -2.82
Harvest Technology plc 1.500 1.500 0.00  0.00
HSBC Bank Malta plc 1.050 1.080 -2.78 -19.23
International Hotel Investments plc 0.810 0.810 0.00 -2.41
Lombard Bank plc 2.180 2.180 0.00 -4.39
Loqus Holdings plc 0.066 0.066 0.00 1.55
MIDI plc 0.470 0.470 0.00 -12.96
Medserv plc 1.090 1.100 -0.91 -0.91
Malta International Airport plc 6.900 6.800 1.47 0.00
Malita Investments plc 0.900 0.900 0.00 0.00
Mapfre Middlesea plc 2.320 2.200 5.45 7.41
Malta Properties Company plc 0.655 0.680 -3.68 3.97
Main Street Complex plc 0.580 0.550 5.45 -3.33
MaltaPost plc 1.340 1.350 -0.74 2.29
PG plc 2.020 1.990 1.51 9.78
Plaza Centres plc 1.010 1.010 0.00 0.00
RS2 Software plc 2.340 2.300 1.74 9.35
Simonds Farsons Cisk plc 10.900 10.900 0.00 -5.22
Santumas Shareholdings plc 1.410 1.410 0.00 0.00
Tigné Mall plc 0.900 0.900 0.00 0.00
Trident Estates plc 1.770 1.770 0.00 14.19

 

 

 

 

This article, which was compiled by Jesmond Mizzi Financial Advisors Limited, does not intend to give investment advice and the contents therein should not be construed as such. The Company is licensed to conduct investment services by the MFSA and is a Member of the Malta Stock Exchange and a member of the Atlas Group. For further information contact Jesmond Mizzi Financial Advisors Limited at 67, Level 3, South Street, Valletta, or on Tel: 21224410, or email [email protected].