Delek Group, Israel Canada and G City are the companies that generated the most interest among investors in the Tel Aviv Stock Exchange last year, according to data that the stock exchange revealed for the first time about the characteristics of the companies’ activities. The data was collected from its notification system “Maya”, which is a central work tool To the investing public, companies and the entire capital market community.
● The study that convinced the Bank of Israel that interest rate increases will not lower housing prices
● The interest rate has risen again: how much will the average return on her mortgage jump?
● The first quarter on Wall Street ended with sharp gains, what does history show about the future
At the stock exchange, we examined three parameters that indicate the level of interest the companies will generate among investors: company searches, report searches and appointments in the “Smart Agent”. The ten companies that investors looked for the most in Maya were: Delek Group Controlled by Yitzhak Tshuva (5,484 searches), the real estate company Israel Canada of Barak Rosen and Assi Tuchmayer (4,839 searches) andG City of Haim Katzman (4,782 searches). Let’s recall that Israel Canada tried to take over G City last year, but in the end reversed its intention and recorded a huge loss from its investment.
Following is the list of companies that have generated interest among investors: Housing and Construction , Norstar (G City’s parent company), National Bank andShufersal who all registered over 4,000 searches. Bank Hapoalim , Petrochemical And Hab Cyber Security (which was recently delisted from the Tel Aviv Stock Exchange in favor of a merger with a SPAC company on Wall Street) round out the top ten.
The stock exchange notes that many of the same companies naturally return when checking the 10 companies whose reports received the most searches. Shufersal leads with 2,659 searches, followed by Shikhun and Binui (2,559) and Delek Group (2,339). Further on the list: Bank Hapoalim, Petrochemicals, Givat, Leumi, Israel Canada, G City and Norstar.
The stock market also revealed the companies that are of interest to investors on a regular basis, according to the “Smart Agent” data on the website. Delek Group leads the list with over 1,800 subscribers who follow the company; flash with 1,572 subscribers, Bank Leumi with 1,410; G City, housing and construction andnature Over 1,300 subscribers each, rounding out the top ten ICL (formerly ICL), Bank Hapoalim, New-Med Energy (formerly Delek Drilling) and refineries (Bezen).
Importance of the existence of conference calls
The stock exchange’s findings also show that dozens of Israeli companies turn to foreign investors, even when they are traded only in Tel Aviv, and their rate increases the larger the company. Thus, 56% of all the companies in the Tel Aviv Index 35 that are not dual (14 companies), published any reports in English, as well as 17 companies which are 19% of all the companies in the Tel Aviv Index 90 (which are not dual).
Among the traded companies that are not dual and are not included in the Tel Aviv 125 index (390 companies), only 78 companies (20%) reported in English.
Transparency and systematic and managed work of a company traded on the stock exchange is critical for receiving and processing information in an orderly manner, at an appropriate time and making decisions accordingly. In this context, the stock exchange examined a number of issues, including advance publication of the dates of the financial statements and holding conference calls.
143 companies, which are only slightly more than a quarter of all traded companies, reported in advance the date of publication of the annual financial statements. Only about 20% of all companies held conference calls regarding the company’s annual financial reports, which deepen the investors’ understanding and allow the company to convey the important messages regarding the results.
Only 11 companies (including Nikes, El Al, Kabsir, Zoz Power, Dalia Energy, Dania Sibus, Batam, Elbit Hammiya and Ormed) reported their annual financial results in the first week of March, the beginning of the deadline for publishing the annual reports. In contrast, 109 companies which are 20% of all companies reported the annual report on the last day of the quarter – March 31, 2023.
As of the end of 2022, 548 public companies are traded on the stock exchange, of which 153 are technology companies and 52 biomed companies. About 10% of all companies (52) are dual, which are also traded on stock exchanges in the US or Europe. The average daily trading turnover in shares in 2022 was about NIS 2.3 billion, an increase of 22% compared to 2021 and a record since 2011.