TSE (Tallinn) Market Overviews
Esto1nian Stock Market Overview06/02/2006-10/02/2006
This week in Tallinn Stock Exchange was quite strange; however, it was friendly for investors. They could enjoy the positive value change of 6 stocks; what’s more, all these shares are from Baltic main list. On the other hand, five shares decreased in their value, and 4 experienced no changes. Summing up, there was movement to better side and OMX Tallinn index shows that. It changed by 1.21% from 646.30 to 654.13. Regardless to the fact that I-list was inactive (turnover only €80,777.26), but overall result was fairly good - €23,398,146.36. Maybe that is associated somehow with AS Tallink Grupp (TAL1T) recovered the biggest turnover position.
AS Baltika (BLT1T) is an international clothing retail company with the leading specialized fashion retailer position in the Baltic region. This week the investors were fed with big amount of good news, therefore the stock value increased by 4.52%. So the company is the leader in Tallinn Stock Exchange as it was last week. On Monday when rise started sales report was published. And it was full of positive changes. Retail sales grew by 25% to €3.11 millions. Also plans about expansion to Russia and Ukraine were revealed. There AS Baltika is going to open from 7 to 10 shops. Like delicious dessert the company announced dates when other results will be published; it is good chance for profiteers to achieve good results. The company is expected to perform excitingly in the future.
A company which are presented like a leading provider of high-quality mini-cruise and passenger transport services in the Northern Baltic Sea region as well as a leading provider of ro-ro cargo services on selected routes is AS Tallink Grupp (TAL1T). And this week this company met with 4.09% increase in its stock value. The main reason which influenced this to happen is Tallink’s large shareholders investment in development project of the 2.7 hectare waterfront area in Tallinn harbour. According to Ain Hanschmidt who also sits on the supervisory board of Bolton Realestate, “it will be a large and very promising project.” Therefore AS Tallink Grupp probably will gain additional benefit from it. Actually, investment in AS Tallink Grupp shares is quite risky, as its trend is not clear and likes to fluctuate.
Lovers like sweets; and when Valentine ’s Day is coming, confectionery producers like AS Kalev (KLV1T) should feel that money come to their hands. But this week above mentioned company faced a decrease in its stock value by 2.38%. But nothing happens without reasons. In this case one controversial message from the company came to public. Supervisory board of AS Kalev made decision to extend the term of office of the current CEO, which is Oliver Kruuda. The board trusted he and thinks that he is working in the right way, while investors thought that the prolonging of his responsibilities doesn’t promises anything good for the company. At the end of last year the company had loss of 2.7 millions euro and the CEO can’t not to take in charge for that. It is not advisable invest in AS Kalev, as this year it has the down-going trend.
By Linas Liktorius
