Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
17:28
After mainly declines throughout the day, the trading day in Tel Aviv ended with a mixed trend. The TA 35 index ended up 0.3%, TA 125 climbed only slightly and TA 90 fell 0.4%. Among the industry indices, the banks index rose 0.2% and the oil and gas index 1.6%. , Real estate and construction indices fell by 1.1% and 1.3% respectively. The trade turnover amounted to NIS 2.3 billion.
After the reports, there were sharp increases toBrill , Altshuler Shaham , Taurus Tech andFuel group .
Elron Soared 12% after the Biothyh Biomedical company in which it invests reported that it had received FDA (US Food and Drug Administration) approval for its implant to treat cartilage damage. The company has already signed an agreement with the American Bioventus Corporation since July 2020, for sale on the condition of receiving the approval, for $ 350 million. Elron announced with the signing of the deal that if it materializes, it will receive $ 92-90 million at the time of purchase, and $ 37-36 million to be paid depending on the realization of the milestones. The return is a 5-7 times return on investment.
nature Jumped by about 6% after reaching a compromise agreement with the state of Florida as part of the state’s lawsuit regarding opioids. Will pay $ 177 million over 15 years and will supply the generic drug Narcan life-saving with an estimated value of about $ 84 million over 10 years.
16:05
Trading on the stock market continues to be in a negative trend, although there is a moderation in the declines. TA 35 erased the decline and traded similarly to the opening level, TA 125 decreased by 0.3% and TA 90 by 0.8%. The banks index increased by 0.4%, the oil index added 0.6%. The trading turnover so far amounts to approx. NIS 1.5 billion.
Sharp rises record Brill, Altshuler Shaham, Oil Industries, Wilk, Togder and Taurus Tech. On the other hand, there are sharp declines for Hyper Global, Adika, Nostromo, Axilion, Veridis, Nofar Energy and Max Stock.
Acro Reported that the company’s revenues increased in 2021 by about 43% and amounted to about NIS 701 million. The net profit attributed to the owner, Proforma, amounted to NIS 182 million. World-Cannabis Repair Reported a 71% increase in its annual revenues, which amounted to NIS 37 million. Moved for the first time to positive adjusted EBITDA.
14:11
The declines in the stock market continue. The Tel Aviv 35 Index retreated by 0.5% and the Tel Aviv 90 Index decreased by 1.4%. The trade turnover amounts to NIS 1.05 billion.
Brill Jumps by 17% after the reports it published today. The company recorded an adjusted net profit of NIS 49 million last year and a revenue turnover of NIS 548 million, compared with an adjusted net loss of NIS 2.7 million in 2020 and sales of NIS 427 million. Brill ended the last quarter with adjusted net profit of NIS 15 million, compared to adjusted net profit of NIS 5.2 million in the corresponding quarter of 2020.
Company blade Under the control of Avi Levy and under the management of Hava Zamir-Toaf, it published its financial results for 2021. The company recorded a 30% increase in net profit for 2021 to NIS 172.1 million, compared with NIS 132.6 million in 2020.
12:40
Negative trend in the stock market. The TA 35 index retreated by 0.3% and the TA 90 index decreased by 0.8%. The trading turnover amounts to NIS 717 million.
Prominent declines are recorded Rada , Veins , Summit Cardan Real Estate and Axillion.
Company ambassador Reported today that revenues in 2021 amounted to NIS 240.7 million, an increase of 33.3% compared to revenues of NIS 180.5 million in 2020. Operating profit amounted to NIS 10.3 million, a decrease of 37.6% compared to operating profit of NIS 16.5 million in 2020. The net loss in 2021 amounted to NIS 1.9 million.
11:10
The TA 35 index retreated by 0.2% and the TA 90 index remains stable. The dollar fell 0.9% and traded around NIS 3.19.
Company Amir Marketing , Which markets and distributes equipment and products for agriculture and owns the medical cannabis company BOL, today reported its financial results for 2021. The company’s revenues from agricultural activities in 2021 amounted to NIS 1.18 billion, an increase of 17.2% compared to revenues of NIS 1 billion in 2020. The net profit in 2021 amounted to NIS 57.1 million, compared with NIS 24.3 million in 2020, an increase of about 135%.
Real Estate Company Rotem Shani Reported that revenues for 2021 amounted to NIS 360 million, an increase of 82% compared to 2020. The gross profit for 2021 amounted to NIS 74 million, and the net profit in 2021 amounted to NIS 28.5 million, compared with NIS 6.5 million in 2020.
10:00
The trading day on the stock exchange opened with a mixed trend. The Tel Aviv 35 Index maintains stability and the Tel Aviv 90 Index registers a slight increase.
Altshuler Shaham Camel Reported that net profit increased in 2021 by about 87% and amounted to about NIS 258.3 million compared to about NIS 138.3 million in 2020. The net profit in the last quarter of the year increased by about 60% compared to the corresponding quarter in 2020 and amounted to about NIS 71.3 million.
David Levinson, senior analyst at Bank Hapoalim’s research unit, commented on the Elbit Systems reports released yesterday: And the United States, with demand for modern combat platforms in the areas of fire control systems, intelligence systems, communications, electronic warfare, drones and anti-tank systems. “Sales growth over the next few years and even an improvement in the profit margin if the shekel does not strengthen too much, and in light of the geopolitical changes, we leave our recommendation for an” excess return “at a target price of $ 240 per share.”
Bull-Tech Investments published its financial results for 2021. The partnership ended 2021 with a pre-tax profit of approximately NIS 26 million – similar to the amount raised in the first issue. The net profit amounted to over NIS 20 million in 2021, as a result of the increase in the value of the partnership’s investments.
09:20
Fuel group Controlled by Yitzhak Tshuva, sums up the recovery year of 2021, after the severe crisis the company faced in 2020. Today the company reported that it ended 2021 with a net profit of NIS 1.43 billion, compared to a net loss to shareholders of NIS 1.82 billion recorded in 2020 .
08:43
In the foreign exchange market, the dollar fell by 1.1% and traded around NIS 3.18 and the euro weakened by 0.6% and traded around NIS 3.533.
08:30
Collapsed Reported revenues of NIS 4.33 billion in 2021, an increase of 16% compared to 2020. The bottom line is that the company recorded a net profit of NIS 276 million compared to a profit of NIS 131 million in 2020.
Company Hamat Reported that revenues for 2021 increased by 18.3% to NIS 824.4 million, compared to NIS 697.1 million in 2020. The company ended 2021 with a 77.3% increase in net profit to NIS 90.4 million, compared to NIS 51 million in 2020 .
07:45
5 things you should know before opening trading on the Tel Aviv Stock Exchange
1. Expect a mixed opening
The trading day on the stock exchange is expected to open, apparently, in a mixed trend. This is after yesterday’s trading on the Tel Aviv Stock Exchange closed in a positive trend: the Tel Aviv 35 Index rose 0.3%, the Tel Aviv 90 Index strengthened 0.6% and the Tel Aviv 125 Index added 0.4%.
2. Another day of ups and downs on Wall Street
The day of trading on the New York Stock Exchange was in a positive trend against the background of the talks between Russia and Ukraine and the gains intensified towards the close. The NASDAQ index jumped 1.8% at the end, the Dow Jones index rose 1% and the S&P 500 index strengthened 1.2%.
Among the dual stocks, Ormat Back with a positive gap of 2.8% and LivePerson 3.9% so they are expected to go up this morning, and vice versa Elbit Systems With a negative gap of 1.3%.
3. A mixed trend in Asia
Asian stock markets are trading in a mixed trend today, with the Tokyo Nikkei down 1.3% and Hong Kong up 1.1%.
In trading on US stock market indices, stability is evident with a tendency for declines.
4. Oil and gold climb
After a sharp drop yesterday, oil contracts are recording gains. A May contract for Brent crude rose 0.8 percent to $ 111.1 a barrel, and a WTI crude rose similarly to $ 105 a barrel.
Gold is trading up 0.6%.
5. Reports: Increase in Rami Levy’s profits
The reporting season ends tomorrow. Company Rami Levi Reported last night that it ended 2021 with stability in revenues amounting to NIS 6.45 billion, compared to NIS 6.47 billion in 2020. Rami Levy’s operating profit in 2021 increased by 14% to NIS 21 million, compared to NIS 282 million NIS in 2020. The operating profit rate was about 4.98% of revenues, compared to about 4.36% in 2020. Bottom line, the Rami Levy Sycamore Marketing chain concludes 2021 with a 20% increase in net profit to NIS 212 million, Compared to NIS 176 million in 2020.