Mihail Dimitrov

DESPITE LIKELY SHORT-TERM DIVIDEND DROUGHT, LONG-TERM PROSPECTS REMAIN PROMISING • We maintain our „BUY“ recommendation for BREF with a target price of BGN 2.60. Our valuation approach includes DDM to account for the company’s strong income gener...

The local indexes slipped slightly with huge turnover, where SOFIX shrank by 0.95% to 616.80. The top gainer within the main index was Doverie United Holding (DUH, BGN 10.05, +3.18%), which gained ground on multiple various in size trades, while the....

The local indexes closed in opposite directions, where SOFIX added 0.08% to 622.72. The top gainers within the main index were Eurohold Bulgaria (EUBG, BGN 2.26, +3.67%) and Central Cooperative Bank (CCB, BGN 0.98, +2.08%), both of which gained grou....

Positive start of the week lifted SOFIX to 622.22 (+0.61%). Speculative trades with Eurohold (EUBG, BGN 2.18, +5.83%) and First Investment Bank (FIB, BGN 1.72, +2.38%) pushed both issues to the top of daily gainers while Chimimport (CHIM, BGN 0.862,....

The local indexes advanced with 2.17x the YTD-average weekly turnover. There was not much price volatility, where the top movers within our universe were Doverie United Holding (DUH, BGN 9.58, +7.6%), Speedy (SPDY, BGN 118.00, +7.3%), and Eurohold B....

The local indexes slipped with insignificant turnover on Friday, where SOFIX shank by 1.39% to 618.47. The top mover within the main index was Eurohold Bulgaria (EUBG, BGN 2.06, -5.50%), which lost ground on a few low-volume trades, while Allterco (....