Daily Review 16.01.2025
MIA expects record profits in 2025, recommends share buyback
The MSE Equity Price Index advanced by 0.25% to 3,725.133 points as the gains in APS, HSBC, IHI and the preference shares of RS2 outweighed the declines in BMIT, BOV and M&Z. Meanwhile, seven other equities closed unchanged. Today’s total trading activity in local equities climbed to €0.38 million. Download today’s Equity Market Summary.
Malta International Airport plc held the €5.70 level on a single trade of 500 shares. Following the close of trading, published the December 2024 traffic results and provided key performance targets for 2025, in which it expects passenger movements of 9.3 million compared to the 2024 figure of 8.96 million. This is expected to translate into revenues of €147 million, EBITDA of €91 million and net profit of €48 million, all of which would be record levels. Capital expenditures are forecasted at €70 million. MIA also stated that the Board of Directors has resolved to recommend to shareholders at the forthcoming Annual General Meeting (AGM) a proposal for the Company to put in place a share buyback programme. The Company explained that the proposal will include a minimum purchase price per share of €3.00 and a maximum of €7.38. The total amount of shares that can be repurchased will amount to 1% of the total issued share capital, equivalent to 1,353,000 shares. Any shares repurchased will be cancelled.
Today’s most actively traded equity was GO plc as it traded flat at the €2.60 level across volumes totalling 64,385 shares.
A single trade of 13,000 shares left the share price of Plaza Centres plc unchanged at the €0.58 level.
Also in the property sector, Hili Properties plc stayed at the €0.202 level on a single trade of 13,500 shares.
The Convenience Shop (Holdings) plc held the €0.80 level on one deal of 4,827 shares.
MedservRegis plc and Simonds Farsons Cisk plc stayed at the €0.50 and €6.50 levels respectively.
APS Bank plc surged by 9.1% to the €0.60 level respectively across six trades totalling 39,336 shares.
The preference shares of RS2 plc advanced by 2.9% to the €0.50 level on two deals totalling 2,100 shares.
HSBC Bank Malta plc rebounded by 0.7% to the €1.41 level across three trades totalling 9,033 shares.
International Hotel Investments plc climbed by 0.9% to the €0.43 level on muted activity.
BMIT Technologies plc shed 2.4% to the €0.33 level across three deals totalling 281,210 shares.
Bank of Valletta plc fell by 1.2% to the €1.71 level across volumes totalling 37,994 shares.
M&Z plc eased by 1.7% to the €0.575 level on muted activity.
The RF MGS Index rebounded by 0.52% to 907.423 points reflecting the cooler-than-expected inflation data in the UK and the US published yesterday. The UK and US economic data also disappointed.
This report contains only public information and is not to be construed as investment advice or an offer to buy or sell securities. Information contained herein is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Rizzo, Farrugia & Co. (Stockbrokers) Limited 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.