HEX (Helsinki) Market Overviews
Helsinki Stock Market Overview06/02/2006-10/02/2006
Two thirds of winter has already gone away. Streets are still very cold, but our feelings seem to warp up drastically as Valentine’s day is in the town! Our crew is willing all of you not only to reap profits, but also to find a consumer for those profits, a loving heart, which is sometimes much more important than all indexes in the world.
Metso Corporation (MEO1V) - a global engineering and technology corporation serving customers in the pulp and paper industry, rock and minerals processing, the energy industry etc. This week the company shares have shown growth by approximately 6.7%. Reasons can be easily found in disclosures on Thursday and Friday. The most important one is Financial Statement review where good results in 2005 were announced: 17% increase in net sales and 67.5% increase in operating profit. Jorma Eloranta, President and CEO, noted: “Metso’s 2005 result was the best ever in Metso’s history. The 7.9 percent operating profit clearly exceeded the 6 percent target we set in June 2004. And the ROCE of 18.8 percent distinctly exceeded the 12 percent target set for 2005.” That promises good future for the company during this year.
Benefon Oyj S (BNFSV) - is a leader in GSM+GPS mobile telemetric equipment and solutions. The shares of the company were fluctuating during 3 days, and only on Thursday they went up. The increase was more than 6.5%. As it can be found in the company disclosures, Benefon has got the opportunity to launch a new brand and a personal navigation device at the 2006 3GSM Congress Barcelona. The new brand TWIG is part of Benefon's strategy to enter the fast growing consumer navigation market. This fact couldn’t be unnoticed by market players and investors.
Perlos Corporation (POS1V), world's leading electro-mechanical module supplier felt a drastic plummet in share price. Decrease by almost 28% is a result of change in the ownership of Perlos Corporation. More precisely JPMorgan Asset Management (UK) Limited and J.P. Morgan Investment Management Inc. have announced that their ownership share of Perlos Corporation's votes and share capital has decreased to less than 5%. This is a result of a transaction, in which the underlying funds managed by JPMorgan Asset Management (UK) Limited and J.P. Morgan Investment Management Inc. have sold 1,691,424 ordinary shares of Perlos Corporation on February 7th, 2006. JPMorgan Asset Management (UK) Limited and J.P. Morgan Investment Management Inc. now own 1,735,562 Perlos shares, representing 3.28% of the share capital and votes.
Our constant visitor in overviews Cencorp Corporation (CNC1V), a company which focuses on the development, manufacture and marketing of standard products for production automation has released a major interim report for 1 January – 31 December 2005. Figures showed that performance of the company was slightly overrated and thus share price decreased by 9%.In the report the company also claims that productivity and profitability will be improved next year in such a way alleviating possible consequences on share price. For example Cencorp Corporation intends to close its Swedish subsidiary Cencorp Ab and assess the possibilities of reducing fixed expenses in its other international subsidiaries. The company will also seek significant savings in product production costs.
BBy Boriss Kuzmins
Dmitrijs Jazikovs
