Trident to sell Qormi property for over €29 million

The MSE Equity Price Index fell by 0.64% to 3,705.141 points as the declines in thirteen equities outweighed the gains in five equities. Meanwhile, three other equities closed unchanged as today’s trading activity amounted to €0.23 million. Download today’s Equity Market Summary.

Trident Estates plc held the €1.04 level on two deals totalling 9,500 shares. Today, Trident Estates announced that it entered into a promise of sale agreement with BBT plc and OS Developments Limited to sell Trident House and its surrounding land comprising a total area of 13,593 sqm for a consideration of €29.25 million. The promise of sale agreement shall remain valid until 30 May 2028, with the purchaser having the option to demand the final deed of sale earlier. Trident House was valued at just over €11 million until January 2022, when it was subsequently revalued to €18 million in January 2023 and further increased to €20 million in January 2025. Accordingly, the consideration for the sale represents a €9.25 million (or €0.22 per share) premium over its latest book value.

Malta Properties Company plc traded flat at the €0.33 level as 13,000 shares changed hands.

Malta International Airport plc closed unchanged at the €5.85 level across three deals totalling 3,990 shares.

Meanwhile, APS Bank plc dropped by 6.1% to the €0.46 level over seven deals amounting to 12,849 shares. Today, APS published a Quarterly Financial Update providing information about its performance during the nine-month period ended 30 September 2025. Net interest income rose by 15.1% to €56.5 million (3Q 2024: €49.1 million) driven by the continued growth in gross interest income (+7.8% to €91.3 million) as well as lower interest expenses (-2.4% to €34.7 million). The Group also registered gains across its non-interest income streams. Profit before tax amounted to €17.8 million, which is 7.7% higher than last year’s comparable figure of €16.5 million. The CEO also stated that APS is aiming for €9 to €10 million in pre-tax profits per quarter. When compared to 31 December 2024, shareholders’ funds increased by 1.0% (or €2.8 million) to €298.5 million, which translates into a net asset value per share of €0.782.

AX Real Estate plc fell by 5.0% to the €0.304 level on two deals amounting to 5,050 shares.

BMIT Technologies plc moved 5.8% lower to the €0.29 level on two trades totalling 3,198 shares.

Computime Holdings plc plummeted by 11.1% to an all-time low of €0.40 as 22,200 shares changed hands.

International Hotel Investments plc declined by 4.9% to the €0.428 level across three deals amounting to 11,809 shares.

MIDI plc decreased by 5.6% to an all-time low of €0.17 level on two deals totalling 25,000 shares.

Malita Investments plc fell by 0.4% to the €0.446 level on one trade of 2,000 shares.

A single trade of 4,008 shares pulled the share price of MaltaPost plc 11.4% lower to the €0.39 level.

Simonds Farsons Cisk plc (-0.4%) and Quinco Holdings plc (-11.5%) both declined to the €4.96 and €1.08 levels respectively over trivial volumes.

M&Z plc slumped by 5.5% to the €0.60 level on muted activity.

PG plc decreased by 0.6% to the €1.76 level on low volumes.

The ordinary shares of RS2 plc declined by 0.6% to the €0.348 level on a single trade of 1,000 shares.

On the other hand, Bank of Valletta plc gained 1.1% to the €1.90 level across nineteen deals totalling 80,273 shares. Today, BOV announced that last week it bought 112,057 of its own shares at an average price of €1.911 per share. Through a press release, BOV announced that it entered into the general insurance market and is extending its product and service suite through the distribution of some of Mapfre Middlesea general insurance products.

Grand Harbour Marina plc surged by 7.8% to the €0.90 level albeit on a single deal of 10,000 shares.

Mapfre Middlesea plc increased by 0.8% to the €1.32 level on one trade of 1,069 shares.

GO plc (+0.8%) and HSBC Bank Malta plc (+0.7%) both moved higher to the €2.52 and €1.43 levels respectively.

The RF MGS Index dropped by 0.28% to 914.848 points. Fresh data showed that the business sentiment in Germany throughout October was slightly above expectations and at the highest level since February 2022. Moreover, President Trump stated that the United States and China are close to reaching a trade deal, following reports that officials from both countries have reached a framework agreement.

Today, the Treasury Department informed financial market participants about the upcoming issue of three new Malta Government Stocks for an aggregate nominal amount of €350 million subject to an over-allotment option of up to a further €100 million. The three new fixed-rate stocks will have maturity dates in 2030, 2035 and 2040 respectively.

The coupon rates will be announced via the Offering Circular which will be issued by the Government of Malta on Friday 7 November 2025 and the offer prices of these three new MGSs will be announced on Thursday 13 November 2025.

Subscriptions for the General Public will open on Monday 17 November 2025 and close at 14:30 hrs on Wednesday 19 November 2025. On the other hand, auction bids for wholesale investors will open on Friday 21 November 2025 and close on the same day at 12:00 hrs (noon) or earlier at the discretion of the Accountant General.

 

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.