01/06/2023
The CEO of Farsons Norman Aquilina highlighted the “significant opportunities for further growth” across the subsidiaries with a particular emphasis on increasing the market share of the food importation business since the market remains excessively fragmented
https://rizzofarrugia.com/published-articles/weekly/farsons-invests-over-e112-million-during-past-decade/
Cisk Simonds Farsons Cisk
Farsons invests over €112 million during past decade | Rizzo, Farrugia & Co. (Stockbrokers) Ltd. - Malta
The annual reporting season in Malta came to an end two weeks ago with the publication of the January 2023 full-year results of Simonds Farsons Cisk plc and Trident Estates plc. Both companies subsequently delivered a presentation to financial analysts last week providing additional details on last....
23/03/2023
the general consensus is that the European banking sector is fundamentally very strong with much healthier balance sheets compared to the time of the 2008/9 financial crisis and high levels of liquidity
https://rizzofarrugia.com/published-articles/weekly/banking-woes-dominate-the-headlines/
Central Bank of Malta FinanceMalta
Banking woes dominate the headlines | Rizzo, Farrugia & Co. (Stockbrokers) Ltd. - Malta
It is probably fair to say that until very recently many European and Maltese retail investors had never heard about Silicon Valley Bank and Signature Bank. Unfortunately, these institutions collapsed earlier this month forcing the US government and the Federal Reserve to takeover both institutions....
16/03/2023
trading volumes have started to recover with a total value of €9.3 million during the first 10 weeks of 2023
https://rizzofarrugia.com/published-articles/weekly/increased-activity-across-equity-market/
BBank of VallettaHHSBC
Increased activity across equity market | Rizzo, Farrugia & Co. (Stockbrokers) Ltd. - Malta
At the start of the year when reviewing the performances of various asset classes in 2022, I remarked that the Maltese equity market had suffered its third consecutive year of declines. I had also explained that ever since the outbreak of the COVID-19 pandemic exactly three years ago, investor senti...
10/03/2023
CEO of BMIT Technologies
2023 will be a year of transformation for BMIT as it continues to expand the product portfolio to ensure that customers are provided with all their digital requirements. The company is in the process of expanding from an infrastructure solutions provider to a full-suite technology advisor and provider
https://rizzofarrugia.com/malta-market-news/2023/full-year-results-bmit2302/
Full-Year Results | Rizzo, Farrugia & Co. (Stockbrokers) Ltd. - Malta
On 8 March 2023, BMIT Technologies plc published its Annual Report and Financial Statements for the year ended 31 December 2022. Performance Overview Revenues increased by 1.9% to a record of €25.8 million as the double-digit growth in the sale of hardware and licenses (+26.7% to €2.84 million) ...
09/03/2023
Marcel Cassar, Chief Executive Officer : 2023 has started on solid footing and we look forward to more exciting prospects for the APS Group, encouraged by strong customer confidence in our model and as opportunities to gain further market share continue to unfold
APS Bank
https://www.apsbank.com.mt/news/aps-bank-announces-strong-results-and-all-round-growth-for-2022/
APS Bank announces strong results and all-round growth for 2022 - APS Bank
The Board of Directors of APS Bank plc met on 9 March 2023 and approved the group annual report and audited financial statements for the financial year ended
09/03/2023
the higher level of interest rates represents a tailwind for all eurozone banks including HSBC Malta following a very difficult period for the banking sector as interest rates were subdued for several years and regulatory costs spiked leading to very minimal shareholder returns
://rizzofarrugia.com/published-articles/weekly/hsbc-showing-initial-benefits-of-rate-hikes/
HSBC showing initial benefits of rate hikes | Rizzo, Farrugia & Co. (Stockbrokers) Ltd. - Malta
HSBC Bank Malta plc kicked-off the full-year financial reporting season two weeks’ ago with the local banking group reporting its highest level of profits since 2016. Although the profits generated last year totalling €57.3 million pre-tax were boosted by the sizeable reversal of expected credit...
02/03/2023
The full-year net dividend of €0.12 per share proposed last week equates to a total payment of €16.2 million and translates into a dividend payout ratio of 60% when excluding the significant tax credit
://rizzofarrugia.com/published-articles/weekly/mia-to-resume-dividend-distributions/
Malta Stock Exchange plc
MIA to resume dividend distributions | Rizzo, Farrugia & Co. (Stockbrokers) Ltd. - Malta
The full-year financial reporting season commenced in Malta last week with the publication of the financial statements of HSBC Bank Malta plc and Malta International Airport plc. Since the airport operator publishes key financial highlights on a quarterly basis and also provides traffic and financia...
16/02/2023
Prices of new Malta Government Stock issues announced
The 3.50% MGS 2028 (VI) has been priced at 101.25% (Yield to Maturity of 3.24% per annum) and the 4.00% MGS 2043 (I) has been priced at 100.00% (Yield to Maturity of 4.00% per annum)
https://rizzofarrugia.com/malta-market-news/2023/pricing-of-new-mgs-issues-mgs2303/
16/02/2023
Developing improved means for shareholder communication | Rizzo, Farrugia & Co. (Stockbrokers) Ltd. - Malta
The financial reporting season is in full swing across the US, UK and eurozone financial markets with all companies providing the market with information on their financial performance during the quarter to 31 December 2022 and more importantly disclosing details on strategic initiatives being taken...
16/02/2023
the large majority of Maltese companies simply fail to dedicate sufficient time and effort to communicating effectively with the market and this is clearly showing in the indifference by some market participants towards the entire equity market
://rizzofarrugia.com/published-articles/weekly/developing-improved-means-for-shareholder-communication/
Developing improved means for shareholder communication | Rizzo, Farrugia & Co. (Stockbrokers) Ltd. - Malta
The financial reporting season is in full swing across the US, UK and eurozone financial markets with all companies providing the market with information on their financial performance during the quarter to 31 December 2022 and more importantly disclosing details on strategic initiatives being taken...
09/02/2023
New Malta Government Stock Issues
Up to EUR350 million to be issued in 2 new fixed rate stocks (5 years and 20 years).
The new stocks are the 3.50% MGS 2028 (VI) and the 4.00% MGS 2043 (I)
https://rizzofarrugia.com/malta-market-news/2023/new-stock-issues-mgs2302/
New Stock Issues | Rizzo, Farrugia & Co. (Stockbrokers) Ltd. - Malta
On 9 February 2023, the Treasury announced the issue of 2 new Malta Government Stocks for a total aggregate amount of €200 million subject to an over-allotment option of up to a further €150 million. The 2 new fixed rate stocks are: The 3.50% MGS 2028 (VI); and The 4.00% MGS 2043 (I). The prices
24/02/2023