Patria published new Equity Market Focus including monthly performance of the Czech blue-chips and other information affecting their share price. In the document you will find expected events and an outlook as well. From the content:
* Czech equities rose by 4.3% in March, as measured by the PX-50 index in CZK terms (to 492.8 points, a two-year high). In USD terms, the index rose by 4.9%. The PX-50 index is currently 39 % above its value of one year ago (in USD terms).
* The overall trading volume increased by 16% m-o-m in March, to USD 477.3 mil., this amounts to 89% of the 12M average. The average session volume in March was USD 22.7 mil., vs. USD 19.4 mil. in February.
* Erste Bank is expected to bid for the Bulgarian state-owned DSK Bank by April 10. The privatization of DSK Bank is to be completed by the end of April 2003. DSK Bank is No. 2 in Bulgaria (with a 13% market share in terms of total assets), where it dominates the domestic retail sector.
* A dividend out of the 2002 profits is to be decided upon at the Philip Morris CR’s AGM scheduled for April 14. The record date for participating in the AGM is April 7; the dividend record date will probably be set as April 14.
* The state’s stakes in eight regional distributors were transferred to CEZ, and CEZ’s 66% stake in CEPS, the transmission-grid operator, was transferred to the state on April 1. CEZ will reportedly have to offer minority shareholders buyouts in only two of the distributors; it is also considering making voluntary buy-out offers in some of the others distributors.
To download the pdf file please go to Equity/Analyses