Greek Market Watch: FinMin (Primary surplus), Banks (SSM), passenger traffic (Fraport), HELLENiQ ENERGY, Motor Oil, Ellaktor, Jumbo, AIA

Market Comment

ATHEX headed north yesterday for a 3rd session in a row and in line with the European stock markets. In more detail, the General Index advanced by 0.24% at 1,506.83 units (FTSE Large Cap: +0.25%, FTSE Mid Cap: -0.31%, Banks Index: +0.68%) and the traded value was shaped at EUR 115.2m, down from Wednesday’s EUR 125.6m. We expect the positive momentum to continue today.  

 

Today’s Headlines

·         Greek Fin Min expects higher primary surplus for 2024 (press)

·         Chairman of SSM in Athens on 25-26 February-Press

·         International passenger traffic up in December (Fraport Greece)

·         HELLENiQ ENERGY trades on Monday ex-dividend

·         Motor Oil to dispose 550k treasury shares

·         REGGEBORGH exercises call option on Ellaktor shares

·         Jumbo Share buyback

·         AIA BoD member acquired shares

 

Macro Headlines

 

Greek Fin Min expects higher primary surplus for 2024 (press)

According to Newmoney.gr, the Greek Fin Min said that the Primary surplus will shape at 3.0%, vs. 2.5% target in the State Budget.

 

Sector Headlines

 

Chairman of SSM in Athens on 25-26 February-Press

Reportedly (newmoney), the Chairman of SSM will be in Athens on 25 and 26 February.  

 

International passenger traffic up in December (Fraport Greece)

According to Fraport Greece (operator of the 14 regional Greek airports), international passenger traffic in Greek airports in December 2024 rose by 15.2% y-o-y, while in 12M24, international passenger traffic increased by 6.4% y-o-y to 28,246k travelers.

 

Company Headlines

 

HELLENiQ ENERGY trades on Monday ex-dividend

HELLENiQ ENERGY will trade on Monday ex-interim Dividend of EUR 0.20/share (DY: 2.6%).

 

Motor Oil to dispose 550k treasury shares

Motor Oil’s BoD decided on January 15th the sale of 550k treasury shares or 0.5% of total (acquired at an average price of EUR 15.99/share) at a minimum sale price of EUR 20.50/share between January 17th-31st.

 

REGGEBORGH exercises call option on Ellaktor shares

REGGEBORGH acquired on 13rd January as expected 10,400,000 Call Option shares of Ellaktor or 2.9868% of total from Motor Oil at EUR 1.25/share, raising its participation in the company to 51.142% from 48.1515%, and holds the remaining Call Option of 1.493% voting rights (i.e. 5,200,000 shares) with expiration date on 06.05.2025.

 

Jumbo Share buyback

The company announced that it purchased on 15 January, 28,105 own shares at an average price of EUR 25.154. The company now holds 1,222,580 shares or 0.90% of the total share capital.

 

AIA BoD member acquired shares

The company announced that Mr. Charalampos Pampoukis, Non-Executive Director of the BoD, purchased on 14 January 11,000 shares with a total value of EUR 89,376.

 

 

Calendar of Events

Macros

20/01/25 | Current Account Balance NOV (BoG) & Turnover Index in Industry NOV (ELSTAT)

28/01/25 | Building Activity OCT (ELSTAT)

4Q/FY24 Results Release

13/02/25 | Coca-Cola HBC (7:00 am GMT)

20/02/25 | METLEN (Bef-mkt)

24/02/25 | Piraeus Financial Holdings (Aft-mkt)

27/02/25 | HELLENiQ ENERGY (Aft-mkt), Eurobank Holdings, IDEAL Holdings (Bef-mkt)

28/02/25 | Alpha Services & Holdings

27/03/25 | Titan Cement International

31/03/25 | Hellenic Exchanges (Aft-mkt)

EGM / AGM

30/01/25 | ELLAKTOR (EGM)

03/02/25 | IDEAL Holdings (EGM)

Ex-Dividend

20/01/25 | HELLENiQ ENERGY (interim dividend EUR 0.20/share)

23/01/25 | Thrace Plastics (interim dividend EUR 0.0685848289/share)

Ex-Capital Return

24/03/25 | ELLAKTOR (EUR 0.85/share), IDEAL Holdings (EUR 0.10/share)

Share Capital Increase – AKTOR Group

10/01/25-21/01/25 | Trading period of rights

10/01/25-24/01/25 | Exercise period of rights & Subscription period

04/02/25 | Commencement of trading of new shares from SCI

Initial Public Offering (IPO) – ALTER EGO MEDIA 

20/01/25-22/01/25 | Initial Public Offering (IPO) Period

27/01/25 | Commencement of trading of shares on the Regulated Market of the ATHEX

 

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