MSE Daily Trading Report, 06 May, 2021

 

MSE Equity Total Return Index	8,313.021 points	1.32%
MSE Malta Government Stocks Total Return Index	1,122.428 points	-0.10%
MSE Corporate Bonds Total Return Index	1,119.671 points	-0.10%

 

• The best performers were FIMBank plc (+23.5%), International Hotel Investments plc (+8.8%) and Harvest Technology plc (+1.4%).
• The worst performers were Simonds Farsons Cisk plc (-2.6%), HSBC Bank Malta plc (-1.8%) and Malta International Airport plc (-0.8%).
• Bank of Valletta plc was the most liquid as it generated a total turnover of €168.558. A total of 189,324 shares were spread across 14 transactions.

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• Harvest Technology plc announced the following highlights of the financial results of the Company and its subsidiaries (the “Harvest Group”) as at March 31, 2021, as extracted from the unaudited management accounts of the Company as at such date.
  • the unaudited consolidated net profit before tax of the Harvest Group as at end March 2021 amounted to €1,117,061. This marks an improvement of 7% over the projected consolidated net profit before tax of the Harvest Group for the period and a 34% increase of the net profit before tax for the same period in the preceding year.
  • the gross profit margin of the Harvest Group for the quarter improved by 10 percentage points to 51%.
  • EBITDA margin for the quarter recorded by the Harvest Group improved by 9 percentage points to 30%.
  • The board expects to distribute an aggregate dividend amount similar to that distributed in the preceding financial year, split over two interim payments during the course of 2021 and a final dividend in the first part of 2022.
  • Click here to download announcement.

• Bank of Valletta plc published its interim directors’ statement for the first quarter of 2021, January to March.
  • Profit before tax for the first quarter of FY 2021 amounted to €9.3 million. This was in line with underlying performance trends experienced over the course of last year, conditioned by subdued activity and provisioning occasioned by the COVID-19 environment.
  • Revenue decreased by 4% over the comparable period of FY2020, mainly due to the effect of a refund of customer fees and charges which had been introduced late last year, the situation which is being reviewed with the regulator.
  • As announced in the annual financial statements, the Bank made a capital injection of €20 million in its associate company MAPFRE MSV Life plc, (‘MMSV’) in March 2021. Following this, the Bank continues to retain a 50% shareholding in MMSV, with whom it will intensify its work as a strategic market partner.
  • Click here to download announcement.
  • The Bank also updated the market on its new correspondent banking arrangements as it is already receiving payments through Western Union Business Solutions from two major US dollar clearers. Full transition from Raiffeisen Bank International to Western Union Business Solutions is planned for the week starting May 10, 2021.
  • Click here to download announcement.

 

The Equities traded today were:

Symbol Code	Volume Traded	Value Traded	Trades	Closing Price	% Change
BOV	189,324	168,557.88	14	0.900	1.12
HSB	500	402.50	1	0.805	-1.83
SFC	1,885	17,907.50	2	9.500	-2.56
IHI	1,460	992.80	1	0.680	8.80
FIM	1,001	298.47	2	0.358	23.45
MIA	4,710	29,366.50	9	6.200	-0.80
HRV	38,688	56,420.98	6	1.460	1.39

 

The Corporate bonds traded today were:

	Closing Price	% Change
5.75% Central Business Centres plc Unsecured € 2021 S1T1	101.000	0.00
6% Pendergardens Developments plc Secured € 2022 Series II	103.000	-0.48
6% AX Investments Plc € 2024	105.000	0.00
5.3% Mariner Finance plc Unsecured € 2024	105.000	0.00
5% Tumas Investments plc Unsecured € 2024	103.000	-1.06
5% Hal Mann Vella Group plc Secured € 2024	105.000	0.96
5.1% 1923 Investments plc Unsecured € 2024	102.000	0.29
5.75% International Hotel Investments plc Unsecured € 2025	104.000	0.48
5.1% 6PM Holdings plc Unsecured € 2025	101.800	0.39
4.5% Hili Properties plc Unsecured € 2025	102.000	-1.46
5.9% Together Gaming Solutions plc Unsec Call Bds €2024-2026	100.100	-0.35
4% MIDI plc Secured € 2026	104.000	0.00
4% International Hotel Investments plc Secured € 2026	102.000	0.00
4% Shoreline Mall plc Secured € 2026	102.000	1.99
4% Merkanti Holding plc Secured € 2026	102.000	0.00
3.75% Premier Capital plc Unsecured € 2026	103.250	-0.24
4% International Hotel Investments plc Unsecured € 2026	101.100	-0.38
4.35% SD Finance plc Unsecured € 2027	102.390	0.00
4% Eden Finance plc Unsecured € 2027	104.000	0.00
3.85% Hili Finance Company plc Unsecured € 2028	100.890	0.89
3.8% Hili Finance Company plc Unsecured € 2029	100.000	-0.10

 

The Government Stocks traded today were:

	Closing Price	% Change
5.5% MGS 2023 (I)	112.700	-0.04
4.8% MGS 2028 (I)	134.500	-0.37
4.5% MGS 2028 (II)	133.500	-0.37
5.2% MGS 2031 (I)	150.000	0.00
4.65% MGS 2032 (I)	144.170	-0.57
2.2% MGS 2035 (I)	119.000	-1.65
2.5% MGS 2036 (I)	125.000	0.00

 

The Prospects MTF bonds traded today were:

	Closing Price	% Change
5.75% Pharmacare Finance plc Unsecured EUR Bonds 2025-2028	100.000	-0.99
5% Busy Bee Finance plc Unsecured € 2029	101.000	0.00

 

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. Jesmond Mizzi Financial Advisors Limited is licensed to conduct investment services by the MFSA and is a Member Firm of the Malta Stock Exchange. The directors or related parties, including the company, and their clients are likely to have an interest in securities mentioned in this article. For further information contact Jesmond Mizzi Financial Advisors Limited at 67, Level 3, South Street, Valletta, or on Tel: 21224410, or email [email protected]