Market - Raiffeisen Bank

Intesa
Market Performance Highlights July 12 th , 2011.
Index 1d% Ytd% pts Capital Market:
ATX(AT) -2.61 -8.0 2,672 ATX(AT) SASE: Revision 0.62 of the index -6.4 SASX-30 2,719 (neutral)
SBITOP(SI)
BELEX15(RS)
BETI(RO)
CROBEX(HR)
SOFIX(BG)
SASX10(BiH)
BIRS(BiH)
0.36 -12.9 741 SBITOP(SI) Company News: 1.44 -9.6 769
BH Telecom dd Sarajevo signed a new contract with company “Ericson Nikola
-0.17 11.4 726
Tesla” worth BAM 2.7 million (positive)
BELEX15(RS) -0.39 19.0 776
Notice about capital decrease - "Pivara Tuzla" dd Tuzla (neutral)
RiTE Ugljevik ad: The company for the construction of the TPP “Ugljevik3” is
-1.19 4.9 5,527 BETI(RO) -0.27
formed (positive)
5.5 5.557
Elektroprivreda BiH dd Sarajevo: TPP “Kakanj” in June exceeded the
-0.59 5.2 2,221 CROBEX(HR) production plan 0.37 (positive) 7.5 2,269
-0.27 15.2 417 SOFIX(BG) Scheduled Shareholders -0.54 13.9 Assembly 413
Fabirka duhana Sarajevo(neutral)
-0.75 3.7 979 SASX10(BiH)
-2.54 4.9 1,003 BIRS(BiH)
SASE
Revision of the index SASX-30 (neutral)
B&H
BH Telecom signed a new contract with
company “Ericson Nikola Tesla” worth
BAM 2.7 million (positive)
Market
News Flash
0.13 5.4 994
0.06 15.9 1,108
We inform you that new composition of SASX-30 from Monday, 11.07.2011
is as follows FDSSR - Fabrika duhana Sarajevo dd; BHTSR - BH Telecom dd
Sarajevo: ENISR - Energoinvest dd Sarajevo; JPESR – JP Elektroprivreda BiH
dd Sarajevo; SPKMR - Šipad komerc dd Sarajevo; SOSOR - Sarajevo
osiguranje dd Sarajevo; IKBZRK2 - IK Banka dd Zenica; TCMKR - Tvornica
cementa Kakanj dd; FAMSR - Famos dd Sarajevo; HDGSR - Hidrogradnja dd
Sarajevo; HTKMR - JP HT dd Mostar; SOLTRK3 - Solana dd Tuzla; JPEMR -
JP Elektroprivreda HZHB dd Mostar; SRPVRK1 - Sarajevska pivara dd; RSTTR
- Rudnik soli Tušanj dd Tuzla; KRJPRK2 - Krajinaputevi dd Bihać; METZRK2 -
Metalno dd Zenica; PBHBR - Postbank BH dd Sarajevo; ABSBRK2 - Sparkasse
Bank dd Sarajevo; SPRXRK1 - Siporex dd Tuzla; ERPSR - Europa dd Sarajevo;
RMUBRRMU - Banovići dd Banovići; UPIBRI - Intesa Sanpaolo Banka dd
Sarajevo; RZRVR - Rudnik ţeljezne rude dd Vareš; UNFTRK2 - Mann +
Hummel BA dd Tešanj; BORBRK3 - Bor banka d.d. Sarajevo; VLDBR - Moja
banka d.d. Sarajevo; PPMTRK2 - PPM dd Tuzla; KNJHRK2 - Konjuh dd
Ţivinice; RMUKR - RMU Kamengrad dd Sanski Most.
Source: www.sase.ba
BH Telecom and Ericsson Nikola Tesla signed a contract wothr BAM 2.7
million. The constract refers to modernazitaiona and increase of capacaity of
fixed telephony in particular 10,800 thousands new ADSL ports in B&H.
Implementation of this agreement along with agreements signed with
companies such as MSN, Iskratel Mibo communications at all access
networks of BH Telecom will be able Broadbrend services. Ericsson Nikola
Tesla will start with work imidiatly while end of works is expected by the end
of the year.
Source: www.sarajevo-x.com

Market News Flash
Pivara Tuzla dd Tuzla (PITZRK1)
Notice about capital decrease - "Pivara
Tuzla" dd Tuzla (neutral)
RiTE Ugljevik ad Ugljevik (RTEU-R-A)
The company for the construction of the
TPP “Ugljevik3” is formed (positive)
JP Elektroprivreda BiH dd Sarajevo
(JPESR)
TPP “Kakanj” in June exceeded the
production plan (positive)
Fabrika duhana Sarajevo dd (FDSSR)
Scheduled Shareholders Assembly
(neutral)
Shareholders Assembly of "Pivara Tuzla" d.d. Tuzla, has decided on the
Reduction of capital to cover the loss. The basic capital of the Company on
the day, 31.12.2011 year, amounts to BAM 14,633,929.20 and is divided
into 1,400,376 ordinary shares with a nominal value of BAM 10.45. The loss
reported in financial statements for 2010 in the amount of BAM 2,786,653
covers the expense of the share capital of the Company. The basic capital of
the Company after deducting the amount of loss coverage in the amount of
BAM 2,786,653 KM is corrected on the basis of reduction of the nominal
value of shares from BAM 10.45 to BAM 8.46 KM per share, so the value of
equity capital after the correction amounts to BAM 11,847,180.96 and the
remaining capital of BAM 95.24 KM is allocated to the reserve fund.
Source: www.sase.ba
The coal mine and thermal power plant “Ugljevik” and a firm of the Russian
businessman Rashid Sardarov "Comsar Energy Limited" in Cyprus have
signed the agreements on the establishment of joint venture company and
the project on building power plants “Ugljevik 3”, whose total value is
estimated on EUR 400 mn. Aleksandar Dţombić, the Prime Minister of RS
entity after the meeting said that the investment projects like the construction
of a new thermal power block in Ugljevik, with installed capacity of 400 MW
will contribute to economic development of RS entity and of economic
growth. He explained that TPP “Ugljevik” in a joint venture company
“Comsar Energy RS" will have 10% equity participation through the
allocation of the existing building sites with existing infrastructure, while the
financier of the project, the company "Comsar Energy Limited", will have 90%
of percent equity participation. The investment, he said, should be
implemented within the next 30 months.
Source: www.bizon.ba
Thermal power plant "Kakanj" in June has exceeded the monthly production
plan of electricity by 13.66%, while the electricity production plans for the first
six months of 2011 was exceeded by 11.07%. According to the TPP "Kakanj"
all blocks have individually switched a monthly production plan for June
2011, and the semi-annual plan for electricity production for the period
January - June 2011.
Source: www.sarajevo-x.com
The Supervisory Board of the company “Fabrika duhana Sarajevo”, at its
Shareholders Assembly held on 08.07.2011. on the written request of
shareholders with more than 10% of voting rights, decided to schedule 15th
Shareholders Assembly. The Shareholders Assembly will be held on
29.07.2011 (Wednesday) in premises of the company Pofalička 5, Sarajevo,
with the beginning at 12:00 am. Short Agenda:
- Adoption of the Decision on dismissal of members of Supervisory
Board ahead of the state capital and appointing a new members of
Supervisory Board ahead of the state capital
Source: www.sase.ba

Impressum
Raiffeisen Research
Raiffeisen BANK d.d. Bosna i Hercegovina
Investment Banking Division
Sanja Korene, Director; Phone: + 387 33 28 71 22, e-mail: sanja.korene@rbb-sarajevo.raiffeisen.at
Ivona Kristić, Head of Research; Phone: + 387 33 28 77 84, e-mail: ivona.kristic@rbb-sarajevo.raiffeisen.at
Dragomir Grgić, Head of Custody and Fund Administration; Phone: + 387 33 28 71 26, e-mail: dragomir.grgic@rbb-sarajevo.raiffeisen.at
Lejla Baljević, Head of Capital Markets; Phone: + 387 33 28 76 48, e-mail: lejla.baljevic@rbb-sarajevo.raiffeisen.at
Nadira Cenanović, Head of Brokerage Business; Phone: +387 33 28 76 47, e-mail: nadira.cenanovic@rbb-sarajevo.raiffeisen.at
Maida Gopo, Head of Portfolio Management and Investment Advisory; Phone: + 387 33 28 76 45, e-mail: maida.gopo@rbb-sarajevo.raiffeisen.at
Raiffeisen CAPITAL a.d. Banja Luka
Nataša Majstorović, Director; Phone: + 387 51 23 14 90, e-mail: natasa.majstorovic@rbb-sarajevo.raiffeisen.at
Publisher
Raiffeisen BANK d.d. Bosna i Hercegovina
Zmaja od Bosne bb, 71000 Sarajevo
www.raiffeisenbank.ba
Raiffeisen direct info: +387 33 75 50 10 • Fax: +387 33 21 38 51
This publication was completed on July 12 th , 2011
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