Alfa Plam a.d. , Vranje

  • TickerALFA
  • ISINRSALFAE34014
  • CountrySerbia

Analysts

Nenad Gujanicic ...
  • Stasha Petkovic

Weekly Preview, July 23-27, 2018

Market trends:¤ The Petroleum Industry of Serbia (NIIS) was the most traded stock with turnover of RSD 21.6m, it ended down 1.6% at RSD 688; on Friday, NIS announced RSD 11.5bn in 1H18 net profit (down 7.3%, y/y). ¤ Shares of Belgrade Airport (AERO) reached RSD 1,740 level again, but closed the week down 0.6% at RSD 1,729; the stock has increased 16.3% in 2018 so far.¤ Komercijalna Bank (KMBN) led the gainers with a jump of 5.1% to RSD 2,016, with a weekly highest level at RSD 2,198; IMF announced that Serbian Government agreed on bank's privatization till September 2019.¤ Shares of Impol Seva...

Nenad Gujanicic ...
  • Stasha Petkovic

Weekly Preview, July 16-20, 2018

Market trends: ¤ Belgrade Airport (AERO) exceeded RSD 1,700 level for the first time since March; the stock recorded turnover of RSD 62.7m, mainly executed at RSD 1,695 level. ¤ The Petroleum Industry of Serbia (NIIS) increased more than 2% to RSD 699, with trading value amounting to RSD 32.4m; the company will announce 2H18 financial results on Friday, July 27th.¤ Shares of Messer Tehnogas (TGAS) increased last week by 1.8% to RSD 11,398; the stock has fluctuated in a range b/w RSD 11,100-11,450; Croatian fund ZB Invest continues to put pressure on the stock.¤ Shares of Jedinstvo Sevojno (JE...

Nenad Gujanicic ...
  • Stasha Petkovic

Weekly Preview, June 25-29, 2018

Market trends: ¤ Messer Tehnogas (TGAS) was the most traded stock last week among Belex 15 constituents, with turnover amounting to RSD 28.8m, mainly at RSD 11,300 level; the stock surged 2.7% during the week.¤ Shares of Komercijalna Banka (KMBN) continued its trend of solid trading activities, mostly at RSD 1,950 level; the stock has increased 2.1% in 2018 so far. ¤ Shares of the Petroleum Industry of Serbia (NIIS) recorded huge pressure at the bid side at the end of the last week; the stock added 1.6% and reached RSD 686 with turnover of RSD 15.7m. ¤ Sevojno-based Jedinstvo (JESV) closed th...

Nenad Gujanicic ...
  • Stasha Petkovic

Weekly Preview, June 18-22, 2018

Market trends: ¤ Galenika Fitofarmacija (FITO) was the most traded stock with turnover amounting to RSD 11.9m, mainly at RSD 2,800 level; the AGM of the company will be held on Wednesday, June 27th.  ¤ Shares of Belgrade Airport (AERO) closed the week slightly higher at RSD 1,659, but the most of its turnover was executed at RSD 1,700 level; the AGM of the company will be held on Thursday, June 28th. ¤ Shares of Metalac (MTLC) recorded a turnover of RSD 9.6m, mainly at RSD 2,000 level; the stock shows solid resistance at RSD 2,000 level, even though the dividend day passed in mid-April. ¤ Sha...

Nenad Gujanicic ...
  • Stasha Petkovic

Weekly Preview, June 11-15, 2018

Market trends: ¤ The Petroleum Industry of Serbia (NIIS) was the most traded stock last week with turnover amounting to RSD 9.1m; the stock closed the week at RSD 700, its highest level since ex-dividend day. ¤ Shares of Belgrade Airport (AERO) recovered last week by 1.7% to RSD 1,647; the company scheduled an EGM for July 9th with the concession agreement issue on the Agenda. ¤ Messer Tehnogas (TGAS) led the losers last week, following the stock went ex-dividend on Monday (dividend at RSD 500 per share); the stock has decreased 7.2% to RSD 11,002. ¤ After a long time, shares of Energoprojekt...

Nenad Gujanicic ...
  • Stasha Petkovic

Weekly Preview, July 23-27, 2018

Market trends:¤ The Petroleum Industry of Serbia (NIIS) was the most traded stock with turnover of RSD 21.6m, it ended down 1.6% at RSD 688; on Friday, NIS announced RSD 11.5bn in 1H18 net profit (down 7.3%, y/y). ¤ Shares of Belgrade Airport (AERO) reached RSD 1,740 level again, but closed the week down 0.6% at RSD 1,729; the stock has increased 16.3% in 2018 so far.¤ Komercijalna Bank (KMBN) led the gainers with a jump of 5.1% to RSD 2,016, with a weekly highest level at RSD 2,198; IMF announced that Serbian Government agreed on bank's privatization till September 2019.¤ Shares of Impol Seva...

Nenad Gujanicic ...
  • Stasha Petkovic

Weekly Preview, July 16-20, 2018

Market trends: ¤ Belgrade Airport (AERO) exceeded RSD 1,700 level for the first time since March; the stock recorded turnover of RSD 62.7m, mainly executed at RSD 1,695 level. ¤ The Petroleum Industry of Serbia (NIIS) increased more than 2% to RSD 699, with trading value amounting to RSD 32.4m; the company will announce 2H18 financial results on Friday, July 27th.¤ Shares of Messer Tehnogas (TGAS) increased last week by 1.8% to RSD 11,398; the stock has fluctuated in a range b/w RSD 11,100-11,450; Croatian fund ZB Invest continues to put pressure on the stock.¤ Shares of Jedinstvo Sevojno (JE...

Nenad Gujanicic ...
  • Stasha Petkovic

Weekly Preview, June 25-29, 2018

Market trends: ¤ Messer Tehnogas (TGAS) was the most traded stock last week among Belex 15 constituents, with turnover amounting to RSD 28.8m, mainly at RSD 11,300 level; the stock surged 2.7% during the week.¤ Shares of Komercijalna Banka (KMBN) continued its trend of solid trading activities, mostly at RSD 1,950 level; the stock has increased 2.1% in 2018 so far. ¤ Shares of the Petroleum Industry of Serbia (NIIS) recorded huge pressure at the bid side at the end of the last week; the stock added 1.6% and reached RSD 686 with turnover of RSD 15.7m. ¤ Sevojno-based Jedinstvo (JESV) closed th...

Nenad Gujanicic ...
  • Stasha Petkovic

Weekly Preview, June 18-22, 2018

Market trends: ¤ Galenika Fitofarmacija (FITO) was the most traded stock with turnover amounting to RSD 11.9m, mainly at RSD 2,800 level; the AGM of the company will be held on Wednesday, June 27th.  ¤ Shares of Belgrade Airport (AERO) closed the week slightly higher at RSD 1,659, but the most of its turnover was executed at RSD 1,700 level; the AGM of the company will be held on Thursday, June 28th. ¤ Shares of Metalac (MTLC) recorded a turnover of RSD 9.6m, mainly at RSD 2,000 level; the stock shows solid resistance at RSD 2,000 level, even though the dividend day passed in mid-April. ¤ Sha...

Nenad Gujanicic ...
  • Stasha Petkovic

Weekly Preview, June 11-15, 2018

Market trends: ¤ The Petroleum Industry of Serbia (NIIS) was the most traded stock last week with turnover amounting to RSD 9.1m; the stock closed the week at RSD 700, its highest level since ex-dividend day. ¤ Shares of Belgrade Airport (AERO) recovered last week by 1.7% to RSD 1,647; the company scheduled an EGM for July 9th with the concession agreement issue on the Agenda. ¤ Messer Tehnogas (TGAS) led the losers last week, following the stock went ex-dividend on Monday (dividend at RSD 500 per share); the stock has decreased 7.2% to RSD 11,002. ¤ After a long time, shares of Energoprojekt...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 26/04/2017

In general, Alfa Laval is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting.Under ITEM 14, the Nomination Committee proposes the (re-)election of the Board of Directors and the statutory auditor. Although we have no concerns over the level of nonaudit fees, we deem the accumulation of shortcomings at the (re-)election of the Board of Directors (i.e. election procedure, level of independence and concerns over aggregate time commitments) too much to just ignore. Hence, we recommend opposition.Under ITEM 15, the Board of Directors...

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