Vladimír Urbánek (Kurzy.cz)
Czech markets  |  August 20, 2012 10:17:46

Summary 33rd Week - CETV, KIT, CEZ, Erste, Vitkovice Steel

Czech RM-SYSTEM maintain the growth trend of the past few weeks and finished with a strong trading profit. Current account balance of payments ended in June with a deficit of 9.13 billion CZK. Czech GDP (preliminary estimate, seasonally adjusted) in the second quarter fell by 1.2% year on year. Producer Price Index PPI mom in July fell by 0.3%, while the expected decline of 0.2%. Year on year, this was a 1.3% increase in the expected growth of 1.4%. Export price index rose in June by 5.1% year on year over the previous growth of 4.0%. Import price index rose in June by 6.6% year on year after the previous increase of 6.1%.Czech RM Index Stock Exchange last week launched on the value of 1,807.75 points and closed at 1865.04 points value (+3,17%). The total weekly volume of trading amounted to 99 miles . CZK.

CET 21 issue of bonds 70 miles . EUR

CET 21 (subsidiary CME) issues bonds maturing in 2017 for 70 miles . EUR. Emissions will be determined by selected investors and will be released under the same conditions as of October 2010 bonds with a coupon of 9.0%.

The transformation continues KIT Digital

KIT Digital, which deals with the management and distribution of video on the Internet last year, sales increased due to the growing popularity of online video. But recently there has been a radical renewal of the company's management.KIT Digital sold the assets of Sezmi Corp. in only a month after buying a TV platform based on a "cloud". Loss associated with this action was 28.6 miles . USD.
CEO Barak Bar-Cohen said that this illustrated the continuing transformation of the quarter, the company focus.

In the last quarter reported a loss of KIT Digital 151.1 miles . USD ($ 2.94 per share) a year earlier when the loss was 19.8 miles . USD (49 cents per share). At the level of continuing operations was a loss of $ 1.99 per share, versus a loss of 47 cents per share a year ago.Revenues fell by 14% to 51.1 miles . USD, mainly due to lower sales in the segment "broadcast system integration". Analysts agency Thomson Reuters expected a loss of 37 cents per share on revenue of 60.8 miles . USD. Gross margin decreased to 61.1% from 71.6%.

Nokia plans to abandon the Windows platform

CEO of the Finnish company Nokia Staphen Elope announced that the company has no plans to abandon the Windows platform for mobile phones and vice versa will soon introduce its new phones based on Windows 8

S & P lowered the long-term rating of Nokia

S & P lowered the long-term rating on shares of Nokia to BB-from BB + and above adds a negative outlook. Short-term outlook confirmed at B. According to the agency, the results for the second quarter and the company's outlook for the third quarter of 2012 lower than S & P expected.

Change recommendation for Commercial Bank

JPMorgan increased the target price for the shares of commercial banks for 4500 CZK from the original 4100 CZK in recommendation "overweight".

Erste exchanged mortgages denominated in Swiss francs to euros

Erste exchanged mortgages denominated in Swiss francs into euros worth 400 miles . EUR, since it expands the difference between the total commitment of mortgages and savings in the fund, which is designed for the investment of funds for repayment of principal at maturity mortgages. Austrian central bank estimated the difference between the liability and the saved amount fixed for payment of principal of the mortgage to 5.4 billion. Just after my shift Erste 400 miles . EUR has ciziměnových mortgage exposure in the form of an additional 2 billion. From the given 400 miles . EUR Erste changed the method of payment of principal on a regular monthly deposits of the original principal payments until maturity. Austrian households have borrowed the equivalent of 36.7 billion of overseas mortgages.Since the Swiss franc against other currencies artificially maintained at a fixed level, there should be more appreciation of the Swiss franc against the euro and should not lead to an increase in liabilities from mortgages. The problem remains likely to be low appreciation of savings invested in a mutual fund for the future payment of principal. The overall situation is likely to occur at the levels of risk costs in Austria.

CEZ's price issue private placement

ČEZ successfully set price třicetipětileté private placement bond issue at par value 50 miles . EUR coupon of 4.5%. The expected issue date is 20 August 2012. This issue will be released within the existing EMTN (Euro Medium Term Notes) program. The only issue is the agent of UBS Limited.

VÍTKOVICE POWER ENGINEERING significantly increases the production of

The engineering group VÍTKOVICE MACHINERY GROUP, specifically its subsidiary VÍTKOVICE POWER ENGINEERING, this will increase production by a quarter large enamelled tanks, used for the storage of liquid and bulk materials. Compared to the last three years will increase production by as much as 75 percent.

The reason for the rapid onset of recovery in this field, including fear of a repeat of the recent environmental disaster in Seničce the Olomouc region, where in early July lasted older wooden tank with a concrete bottom and relaxed slurry from agricultural cooperatives infested river. "After several days we have seen new orders for tanks of enameled steel plates from agricultural cooperatives and farms, which mostly they want to replace the old wooden trays," said Martin Pecina, CEOVÍTKOVICE POWER ENGINEERING.

Vítkovická engineering group traditionally produced aboveground tank bolted on enamel plates. "Wooden tanks we've never done before, but the problems with them, we know because many teams had them replaced several years ago. Mostly, however, resorted to repasím and repair, "said M. Pecina. Situation is different today. VÍTKOVICE POWER ENGINEERING already know that this year, give a total of 94 tanks. For other older tanks, but in this case of steel, the company will make repairs. And here's a noticeable increase in interest, the number of contracts for the refurbishment of year to grow by 35 percent.

Aboveground tanks of enameled plates bolted in engineering VITKOVICE produce more than 40 years. Besides the use in farms, and farms are also a fundamental building block of environmental technology files. The tanks are stored bulk materials (limestone, cement, fly ash, waste wood, gravel, granules, salt, soot), liquids (drinking water, waste water, fire water, desalinated water, brine, oil, ammonia), agricultural materials (cereals , slurry, manure, liquid fertilizer, compound feed, silage), or used for wastewater treatment, biogas, gas tanks and fermentors (fermenters occurs in the absence of air to digestion - microbial degradation of organic compounds - and the formation of biogas).

Enamel tank VÍTKOVICE POWER ENGINEERING are being diverted only in agriculture, their total production exceeds one hundred year, of which about 60% percent is exported, such as Poland, Bulgaria, Italy, the Middle East and in other territories.

Additional Information:

VÍTKOVICE POWER ENGINEERING is specialized in complex delivery technologies, equipment for chemical and petrochemical and power plants on a turnkey basis. It is also a major producer of nuclear power technology. Currently, among others significantly involved in the nuclear power industry in India and Russia, working in Slovak Mochovce contributes to the modernization of traditional coal-fired power plants, CEZ and has ambitions to intervene in the Temelin nuclear power plant. Has a major contract in Turkey, where she works for the future energy complex, and coal-fired power Yunus Emre about 150 km from the Turkish capital Ankara. The investor is a Turkish company and the group Adularya VÍTKOVICE MACHINERY GROUP supplies a power plant on a turnkey basis.

Enameled tanks are tanks, the steel cylindrical shell is composed of double coated plates, which are associated with special screws and sealed with permanently elastic sealant. Fasteners and accessories are provided with shell coating. Enamel is a two-layer and burn in a continuous furnace at a temperature higher than 800 ° C .


Jan Kostrhoun
Marketing and Strategy
RM-SYSTEM Czech stock exchange as
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Souhrn 33. týdne - CETV, KIT, ČEZ, Erste, Vítkovice Steel

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