TA 35 TA 125 Banks-5 technology Biomed Oil and gas Real Estate
Click here on the Telegram channel of the Capital Market Section of Calcalist
14:05 – Even before the onslaught on alcohol and antiseptics due to the Corona virus, Snow Cleaners manufacturer reported an increase in sales and net profit for 2019.
The group ended the year with a 5.4% increase in sales totaling NIS 1.58 billion. Annual net saturation rose 3% to NIS 158.3 million.
Snow sales in the cleaning and home care sector rose 6% during 2019 to NIS 758 million. In the paper products sector, Snow also showed a 10% increase in annual sales, which amounted to NIS 300 million. In the toiletries and cosmetics sector, sales fell 0.2% to NIS 358.4 million.
Increase in subsidiary activity in Romania contributed to 17% growth in sales of Sano to export and abroad, which amounted to NIS 153 million. Annual gross profit increased to NIS 33.6 million and amounted to NIS 606 million, due to an increase in company activity and stability at the price of most Raw materials The proportion of sales remained the same as in 2018 and stood at 38%.
Snow’s operating profit amounted to NIS 209 million, reflecting a 1% increase over 2018. Alongside the company’s sales, labor costs, advertising expenses and distribution expenses also increased, and gross profit eroded as a result of falling selling prices. All of these led to a decline in profit and operating profit in the cleaning products sector in 2019 to NIS 120 million, compared with 122 million last year. In the paper products sector, operating profit jumped to NIS 19.7 million, compared with NIS 9 million in 2018, in light of lower raw material prices and the decline in the dollar’s exchange rates against the shekel.
Since January 2020, Sano has lost approximately NIS 7 million in securities investments, due to the decline in capital market prices as a result of the spread of the Corona virus. Currently, Snow does not have a significant impact of the spread of the Corona virus on the company’s operations.
Sano shares up 3% on the Tel Aviv Stock Exchange to market value of NIS 2.24 billion.
13:50 – “Statistics show that those who come out during such periods, probably in the world of long-term savings – never return and do not improve their situation,” he told Calcalist Ilan Raviv,
CEO of investment house Meitav Dash.
“It happens in 96% of cases according to research. I don’t think we are in 1929. Those who save long-term, especially those who are still depositing, put money into the system at very low, very cheap prices and if they have the longevity they need to have in the long-term savings, “The alternative is a world of panic and hysteria and emotion.”
12:20 – The healthcare company Novolog concluded 2019 with a 10.3% increase in revenues totaling NIS 1.004 billion. The company’s net profit was NIS 10.1 million, compared with NIS 22.5 million in 2018.
Novologist CEO Iran Taos told Calcalist that “We distribute about 60% of the drugs in Israel and have set up a vital plant. In this regard, we are experiencing a tens of percent jump in the last ten days following demands from various health agencies and pharmaceutical companies to increase in full, resulting from the pooling of drugs from chronically ill patients. ”
11:30 – Bezeq has published reports:
The telecommunications company ended 2019 with a loss of NIS 1.08 billion, as a result of yes losses and declines in value on Pelephone and Bezeq International. Group revenue fell 4.2% to NIS 8.9 billion.
Results of the subsidiaries of Bezeq:
The satellite company Yes ended the year with a decrease of 8.7% in revenues to NIS 1.34 billion. The net loss was NIS 69 billion, compared with a loss of NIS 1.14 billion in 2018. Cellular company Pelephone posted a 3.3% annual decrease in revenues of NIS 3.6 billion, and a net loss of NIS 47 million, compared with a profit of NIS 24 million in 2018. Bezeq International, which serves as an Internet provider and international caller, posted an annual net loss of NIS 55 million, against profit of NIS 77 million in 2018.
10:20 – Fuel group,
Drilling fuel And Fatal HoldingsBouncing
TA 35: The leading index climbs 1.5%.
10:15 – Real estate company Israel Canada ended 2019 with a net profit of NIS 161 million, 3 times the profit in 2018. Net profit for shareholders amounted to NIS 115 million, compared with 22 million in 2018.
10:05 – Silent opening on the Tel Aviv Stock Exchange, despite the sharp declines last night in New York and the negative trend in Asia – Indices move around the base level in trading openings: prominence at the opening – Delek group jumps 6.5%, Frigo deletes 4.8%, Fatal climbs 4.6%, leaps and bounds By 16% after reporting that it is developing a home kit to identify the corona virus.
9:45 – “If the state wants the business to survive, it must give us NIS 2 billion by the end of the month”:
The non-bank credit companies require the finance minister to vouch for the funds they give businesses in the shadow of the Corona crisis and allow them to purchase money from the Bank of Israel. Adi Zim, CEO of ESR Accord: “The banks will not flow the money to customers who really need it. This is the opportunity to recognize us as those who will save business.
9:20 – Isracard’s management Led by Ron Wexler, CEO and Chairman of Eyal Grass, they decided to spend about 40% -50% of the employees on vacation at the end of March, at the expense of vacation days and by the end of April, these workers will move to a vacation-free format. The management decided to cut its rent by 20% for three months. These decisions may change depending on the development of the crisis.
9:15 – Ilan Raviv, CEO of the best lapelbrilliant
The savers from irrational conduct: “I ask the savers public to consider their financial behavior at this time, and not to be tempted to withdraw money from the various investment instruments and especially from the long-term savings area. Determines losses and does not allow proper entry into the market, since the increases come as a surprise and sharp. I would like to emphasize this especially to the savers before whom they have many years of accumulating pension savings, not to make reckless and emotional steps. Your age allows you to enjoy the steep ups that emerge from a crisis, even if it takes time and even if it doesn’t look like it today, past experience has proven this time and time again. ”
8:50 – Workers Prepared for the huge impact of the Corona: Separates NIS 450 million for credit losses –
The provision originates “for a number of borrowers who have been significantly affected, particularly in the energy, aviation and tourism sectors.” The bank does not remove any of the borrowers, but it is estimated, among other things, that it is a fuel group of Isaac Tshuva and the Fattal hotel chain. The Bank published its results for 2019, and net profit, even after a huge provision for ending the tax investigations case, amounted to NIS 1.8 billion.
7:25 – The landslide threatens the NIS 18 billion loan market:
Rule Insurance warned its insurance agents that 100 of their customers are close to a situation where the balance of the loan taken at the expense of the pension exceeds 90% of the savings accrued. Under the terms of the loan, a rule can offset the balance against the accumulated amount and put the borrowers into the pit more deeply.
7:15 – Copics Has closed most of its cafes:
As a result of the Ministry of Health’s strict adherence to the guidelines, the cafes network closed 70 of its branches, with 35 stores currently active. In contrast, the company controlled by Rami Levy enjoys growth in its supermarket chain Super Copics as a result of the food supply of consumers.
7:00 – Tel Aviv Stock Exchange opens on morning declines on Asian stock exchanges, some sharply, and on lockdown another painful lock on Wall Street: Dow Jones fell 6.3%, S&P 500 plunged 5.2% and Nasdaq cut 4.7% . Contracts on the indices this morning indicate trading is expected today – Dow Jones contracts are down 4.3%. In Asia, the Nikkei index is down 2.1%, Shanghai is down 2.6% and Hang Seng is down 5%. Cospi crashes 8% and Sydney plunges 4%.
Yesterday trading in Tel Aviv locked in dark red – TA 35 plunged 6.7%, TA 125 plunged 6.5%. Energian plunged 26.1 percent, Nice lost 16.1 percent, Leiberson and Teva fell 11.3 percent. TA Finance erased 5.8%, Banks index plunged 5.9%. Mizrahi Tefahot erased 11.2%, Discount fell 8.1%, Leumi lost 6.1%, International dropped 5%, Workers withdrew 3%. Real estate fell 6.8% – Big fell 10.8%, Housing & Construction mimicked 10%, Properties and building plunged 15.2%. The Delek group jumped 30.6% and completed a 150.2% slump since the beginning of the week.