Quinco’s new logistics hub nearing completion
Following last week's article detailing the performance of the S&P 500 index in 2025, it is worth devoting time to review the developments across the European equity markers in my last article of the year.
The MSE Equity Price Index eased by 0.16% to 4,209.3 points as the declines in HSBC and MIDI outweighed the gains in BMIT and M&Z. A further six equities closed unchanged as total trading value rebounded to €0.21 million. Download today’s Equity Market Summary.
Today, Quinco Holdings plc published its consolidated interim financial statements for the six-month period ended 30 June 2026, which don’t have a comparable period in context of the spin-off taking place towards the end of 2025. The Group generated revenue of €19.8 million, profit before tax of €1.1 million and a net profit of €0.68 million. The Directors also explained that the period represents a quieter trading period when compared to the second half of the year. The report also stated that the Group’s new Head Office and Logistics Centre at Handaq is nearing completion with phased relocation expected to start towards the end of summer 2026. The Directors noted that in recent months, the Group assumed responsibility for the distribution of the Kraft Heinz portfolio in Malta and continued to invest in digital transformation.
M&Z plc advanced by 0.9% to €0.565 across three deals totalling 19,000 shares.
BMIT Technologies plc surged by 7.2% to €0.268 on volume of 24,000 shares. Yesterday, BMIT announced that its wholly-owned Cypriot subsidiary has entered into an agreement to acquire from Cablenet Communication Systems plc an indefeasible right of use over 5% of the capacity of the Arsinoe submarine cable system, which links Cyprus to Egypt and France, for a consideration of €6.9 million. The right of use runs until February 2047, with Cablenet retaining around 45% of the capacity under a pricing agreement and paying BMIT a guaranteed annual service fee for the remainder of the term. BMIT described the acquisition as its first significant investment outside Malta and said that it expects an immediate contribution to revenue and EBITDA.
BMIT’s parent company GO plc traded flat at the €2.50 level on four deals amounting to 17,090 shares.
APS Bank plc held the €0.58 level on a single trade of 7,326 shares. Today APS announced that the attribution price for the determination of the interim scrip dividend of €0.0082 per share has been set at €0.58. Shareholders as at close of trading on 18 August will be able to choose whether to receive the dividend in cash or by the issue of new shares between 1 September and 18 September. The payment and allotment of new shares will take place on 30 September 2026.
Bank of Valletta plc was today’s most actively traded equity as it closed unchanged at the €2.19 level across 42,841 shares.
Malta International Airport plc (€6.60), AX Real Estate plc (€0.49) and Harvest Technology plc (€1.00) also closed unchanged.
HSBC Bank Malta plc fell by 2.0% to €1.46 across 17,000 shares.
MIDI plc dropped by 2.5% to the €0.234 level on two deals totalling 25,000 shares.
Yesterday, FIMBank plc published its interim results for the first half of 2026 which showed that the Group registered a pre-tax profit of USD4.3 million compared to a pre-tax loss of USD0.93 million in the same period last year. The performance was driven by an improvement in net interest income and net reversals of expected credit losses.
The RF MGS Index remained virtually unchanged at 890.9 points as yields remained close to the levels of the previous day with the German 10-year bund yield hovering at multi-year highs of 3.25% to 3.27%. Today, the Central Bank of Malta (CBM) published its updated projections for the local economy. The CBM expects Malta’s GDP growth at 3.8% in 2026, 3.6% in 2027 and 3.8% in 2028. Meanwhile, the CBM noted that inflation is set to increase slightly in 2027 to 2.4% from 2.2% in 2026 due to inflationary pressures arising from geopolitical tensions and related supply disruptions in the Middle East. The Government budget deficit is projected to narrow from 2.2% of GDP in 2026 to 1.6% by 2028. The debt-to-GDP ratio is projected to decline from 46.1% in 2026 to 44.2% by 2028.
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The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.
This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.
The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.
This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.