Trading Review: Current Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
17:26
Rises in the stock market weakened in the last hour of trading. The Tel Aviv 35 Index closed up 0.3% and the Tel Aviv 90 Index climbed 0.1%. The trade turnover amounted to NIS 1.75 billion.
Significant increases were recorded in the shares of Axilion, Icecure, Finnergy, Inrom, Endimed, Tiv Ta’am, Electrion , Energix, Cellcom and Mega Or.
On the other hand, sharp declines were recorded Kamtech After announcing that it will raise $ 140 million in the issue of a convertible bond, Foresight , Terminal X and Micront.
15:43
Nakes , A global trading and payments platform operator, reported revenue of $ 31 million in the third quarter, an increase of about 40% over the same quarter in 2020. The gross profit margin was 40%, when it grew by 18% and amounted to $ 12.3 million . At the same time, operating expenses jumped 81% and the operating loss was $ 4 million. The net loss for the quarter was $ 7 million, or $ 0.021 per share diluted, compared to a net loss of $ 22,000 last year.
Tiv Ta’am Reported today a 5% growth in revenues to NIS 411 million in the third quarter and a 39% increase in net profit to NIS 19 million.
A rating company goes up to a company Fattal Holdings The rating for the bond series from Baa1 to A3, while changing the rating horizon from negative to stable. 2021 and will average about 60% in 2022 compared to about 80% in 2019. The increase in revenues is expected to lead to an improvement in operating cash flow (EBITDA), which, neutralizing the effect of Standard 16, is expected to reach NIS 225m in 2021 and 550m. Shekel in 2022.
14:05
The positive trend in the stock market continues, although the oil and gas index has weakened again in parallel with the decline in oil prices. The trade turnover so far amounts to NIS 815 million. The highest cycles are centralized by Hapoalim and Leumi, followed by ECL and NICE.
Priortech Jumps after reporting strong results. The company’s share in affiliated companies’ profits in the third quarter jumped by 126% and amounted to about 7.8 million. Access’s revenue jumped 61% to $ 57.2 million, Access’s net profit increased 96% to $ 10.6 million. CamTech’s revenues totaled $ 70.7 million, an increase of 76% over last year. Net income (GAAP) jumped 3 times and totaled $ 18.5 million.
Group Hajjaj Reported a huge deal: Acquired the Ludwipol triangle – a land of about 18 dunams at the southern entrance to Tel Aviv near the Kibbutz Galuyot interchange. The land is approved for commercial and employment in the amount of about 73,000 square meters. In exchange for exercising the option and purchasing the land, Hajjaj will pay NIS 250 million.
The decline of Terminal X. Deepened and stands at 6.9%. Plasaun Industries andAbogen Down 3.5%, Jensel shedding 2.9%.
12:20
The positive trend in the stock market continues, and the oil and gas index that has been trading in declines so far has moved to the positive side.
Adika Style and Terminal X continue to lose height, as well Alrov Real Estate , Brainsway , Lock andKamtech Declining, with the latter also weakening in early trading on Wall Street.
On the other hand, IceCure Medical Jumps 7%, Cannbotech Climbs above 5% after announcing the appointment of Prof. Zeev Rothstein as chairman, and Ofko, Tiv Ta’am and Dor Alon continue to concentrate.
The food-tech company Nextperm Announced the raising of NIS 26.9 million through a private allotment of restricted shares (without warrants) to investors led by Merage Venture Fund. The share price according to which the transaction was made is NIS 6.5 per share, while the base price this morning was NIS 7.5. The proceeds will be used to advance the schedules for the launch of the vegan protein that the company is developing in the US, to increase production capacity and to accelerate penetration into the global food market.
Formula Systems Reported earnings to shareholders rose 5.2% to $ 13.3 million in the third quarter. The company, which operates through public companies Sapiens , Matrix andMagic , Reported consolidated revenue of $ 586.3 million, a jump of 20% over the same quarter last year.
11:25
The Tel Aviv Stock Exchange has moved to price increases. The increase of the TA 35 index strengthened and stands at 0.7%, TA 125 adds 0.6% and TA 90 increases by 0.3%. The banks index stands out with an increase of about 1%. The trading turnover so far amounts to 440 million NIS.
Isrotel Bounces close to 10% with no significant background report, but low trading volume. Dor Alon and Tiv Ta’am continue to focus interest after the reports (see previous updates), Boligo Adds about 5% andIceCure Medical Increases by about 4.5%. At the bottom of the tables Adika Style Which erases 4.8%, Terminal X. Which loses 3.7% after the publication of its reports andKamtech Which is down 3.4%.
10:02
The last trading day of this week opened with a mixed trend. The Tel Aviv 35 and 125 indices strengthened by 0.4% and 0.1%, respectively, while the Tel Aviv 90 retreated by 0.3%.
tower Jumps over 4% after publishing reports showing a record profit of almost NIS 1 billion in the first nine months of 2021, Ofco Health Strengthens in light of positive arbitrage as well Nova Continues for another day of ascents.
Diplomat Holdings Updated that additional officers in the company have been summoned for investigation by the Competition Authority in connection with the suspicion of price coordination. “In the Company’s assessment, upon clarification of the facts, it will become clear that in the conduct of the officers or of the Company, no blemish has fallen,” the statement said.
Modiin Energy also published quarterly reports according to which the partnership’s revenues amounted to approximately $ 7 million andNet income rose to $ 1.6 million. During the quarter, Modiin produced about 105,000 barrels, an increase of about 8% compared to the production in the second quarter of about 97,000 barrels.
9:40
Dor Alon Reported a net profit of NIS 37 million in the third quarter. In the first 9 months of the year, the net profit was about NIS 115 million, more than twice as much as in the corresponding period last year. The company noted that Fuel sales recorded growth compared to quantities sold in the same quarter in 2019, before the outbreak of the corona. Dor Alon’s convenience store sales saw an increase of about 20% compared to the corresponding quarter last year, and compared to 2019, there was an increase of about 30%. Am: pm sales grew by about 3%.
Drilling fuel Recorded a new quarterly record in revenue. Total partnership revenue in the quarter from the Whale Project was $ 243 million ($ 207 million less royalties). Following a one-time accounting provision for deferred taxes, a loss of approximately $ 50 million was recorded in the quarter.
Tiv Ta’am Reported growth of about 5% in its quarterly sales, which amounted to NIS 410.9 million. In the first 9 months of the year, revenues increased by 3.5% and amounted to NIS 1.2 billion. Net profit for the quarter increased by 38.9% and amounted to NIS 19 million. The customer club has grown by 37% compared to last year and has about 428,000 members. The company announced the distribution of a quarterly dividend in the amount of NIS 5.7 million.
Medical Cannabis Company Closed Reported on the appointment of Prof. Zeev Rothstein, as the company’s chairman. Prof. Rothstein, who served as CEO of Sheba Tel Hashomer and Hadassah Medical Centers in Jerusalem, will replace the outgoing chairman, Danny Gillerman.
8:20
The insurance and finance company tower Published the results of the third quarter, during which it recorded a total profit of NIS 416 million and a total return of 22.3% on capital (in annual terms). In the first nine months of 2021, it recorded a profit of NIS 983 million, compared with a total loss of NIS 13 million in the corresponding period last year.
One Technologies It also published reports according to which revenues in the third quarter grew by 36% to NIS 624 million. Net profit for the quarter rose by 28% to NIS 32.6 million. In the first nine months of the year, Van’s revenues grew by 53% to NIS 1.98 billion, and net profit increased by 49% to NIS 100 million.
7:45
5 things to know before opening a trade
1. Expect a mixed opening
The Tel Aviv trading day will probably open with a mixed trend, with contracts on Wall Street recording slight increases, but on Asian stock markets the trend is negative.
Yesterday, a green lock was recorded on the stock exchange, with the Tel Aviv 35 index down 0.2%, the Tel Aviv 125 losing 0.3% and the Tel Aviv 90 down 0.5%. The banks index retreated 1%. Trading turnover amounted to NIS 1.88 billion.
2. After the storm: stability in the foreign exchange market
The foreign exchange market is stable, with similar to last night the dollar trading around NIS 3.07 and the euro for NIS 3.48.
Yesterday, the currencies reached a surprising low when in the early evening hours the dollar traded down more than 1% for NIS 3,053 – a rate that was last observed exactly 26 years ago – on November 17, 1995. The euro fell at some point to NIS 3.44 – its lowest level in 21 years . The lowest exchange rate of the euro in Israel was NIS 3,411, in October 2000.
3. The reporting season continues
Reports were released yesterday after the close of trading Terminal X. , Isramco , Israel Society , Field elders andDo .
Terminal X, the fashion and lifestyle website under control Fox , Reported a 53% growth in revenue and a 70% jump in the number of customers – but share-based payment and issue expenses jumped the quarterly loss by 277%, to more than NIS 10 million.
Reports are expected to be published today Tiv Ta’am , Bioline , Nakes , One Technologies And more.
4. Mixed arbitrage gaps
Its duality with mixed arbitrage gaps is mostly mild, and they are not expected to have a significant effect on the Tel Aviv 35 index.
Ofco Health Will strengthen following a positive gap of 3.5%, and also Unlibox , Kamhada andNova Will probably go up. On the other hand, Optibase With a large negative gap of 10% and is expected to lose height in Tel Aviv as well, Foresight With a negative gap of 4% and also Brainsway , Ormat , Gilat andProductivity Network With low negative gaps.
5. Declines in Asia, oil continues to decline
Trading in Asian markets is currently on a negative trend. The Nikkei index in Tokyo is trading steadily but in Shanghai the index is down 0.1%, the Shenzhen index is down 0.4% and the Hang Seng is down 1.4%.
The commodity market is also declining slightly, with both crude oils losing ground following the release of US oil inventories yesterday – although they indicate an increase in demand that is expected to support prices. -2.1 million. American WTI oil is down 0.5% and trades at $ 77.1 a barrel, Brent crude is trading at $ 80 a barrel.
The crypto market is experiencing moderate gains compared to yesterday, but Bitcoin is still at a relatively low level compared to a record set last week and stands at about $ 59.7 thousand.
Last night’s trading day in New York ended with price declines. The Nasdaq was down 0.3%, the Dow was down nearly 0.6% and the S&P 500 was down 0.2%.