Research


ELANA Trading Research Department
ELANA Trading believes that well-informed traders and investors are always successful and therefore considers providing quality information services a priority.

ELANA Trading Research Department offers equity research and macroeconomic analyses for Bulgaria as well as overview of the Bulgarian stock market.

ELANA Trading Research Department reports are published by Thomson Reuters, Bloomberg, Standard & Poor’s Capital IQ, Factset, EMIS and other financial information companies.


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Bloomberg
Capital IQ
Factset
EMIS

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Disclaimer:This website represents ELANA Trading with the sole purpose to provide information. The data published on the website is not provided to be used as a background for specific investment decisions. No publication of ELANA Trading should be construed as an offer (or solicitation of an offer) to U.S. persons to buy or sell financial instruments or any financial product, make any investment or participate in any particular trading strategy (collectively “Offers”). No Publication of ELANA Trading should be construed as an Offer (or solicitation of an offer) in any jurisdiction in which such Offer would be illegal. Any such perceived Offer will not be honoured by ELANA Trading.

ELANA Trading research reports are accessible to customers of the broker at the investor portal ELANA Online. Ask about research reports at research@elana.net.

Latest equity research

Date Economic sector Equity research
08/21/2019 Agriculture ADVANCE TERRAFUND REIT
Corporate profile (EN)
06/25/2019 Industrials/ Electrical Equipment KORADO
Financial results Q1 2019 (EN)
05/22/2019 Food processing GRADUS
Financial results FY 2018 (EN)
04/23/2019 Pharmaceuticals SOPHARMA
Financial results FY 2018 (EN)
04/03/2019 Industrials/ Electrical Equipment KORADO
Corporate earnings FY 2018 (EN)
03/20/2019 REIT/Diversified real estate Bulgarian Real Estate Fund
Corporate profile FY 2018 (EN)
01/15/2019 Industrials/ Electrical Equipment KORADO
Corporate profile 9M 2018 (EN)
11/07/2018 Agriculture ELANA AgroCredit
Corporate profile Q3 2018 (EN)
09/19/2018 IT SIRMA GROUP HOLDING
Corporate earnings H1 2018 (EN)
08/30/2018 Industrials/ Electrical Equipment KORADO
Corporate earnings H1 2018 (EN)
07/19/2018 Pharmaceuticals SOPHARMA
Corporate earnings Q1 2018 (EN)
06/11/2018 Food processing GRADUS
IPO Research note (EN)
05/14/2018 Industrials/ Electrical Equipment KORADO
Corporate earnings Q1 2018 (EN)
05/04/2018 Pharmaceuticals SOPHARMA TRADING
Corporate earnings FY 2017 (EN)
04/13/2018 Courier services SPEEDY
Corporate earnings FY 2018 (EN)
03/26/2018 Pharmaceuticals SOPHARMA
Corporate earnings FY 2017 (EN)
02/09/2018 Industrials/ Electrical Equipment KORADO
Corporate earnings FY 2017 (EN)
11/24/2017 Electrical Equipment / Automotiv MONBAT
Corporate earnings H1 2017 (EN)
11/21/2017 Industrials/ Electrical Equipment KORADO
Corporate profile Q3 2017 (EN)
07/18/2017 Pharmaceuticals SOPHARMA
Corporate earnings Q1 2017 (EN)
05/15/2017 Agriculture ELANA AgroCredit
Corporate earnings FY 2016 (EN)
05/11/2017 Stock market Bulgarian Equity Strategy
May 2017 (EN)
05/05/2017 Electrical Equipment Automotive MONBAT
Corporate earnings FY 2016 (EN)
04/06/2017 Pharmaceuticals SOPHARMA
Corporate earnings FY 2016 (EN)
03/31/2017 IT SIRMA GROUP HOLDING
Corporate earnings FY 2016 (EN)
03/10/2017 Courier services SPEEDY
Corporate profile FY 2016 (EN)
01/20/2017 Agriculture ADVANCE TERRAFUND REIT
Corporate earnings Q3 2016 (EN)
12/21/2016 Pharmaceuticals SOPHARMA TRADING
Corporate earnings Q3 2016 (EN)
12/14/2016 Pharmaceuticals SOPHARMA
Corporate earnings Q3 2016 (EN)
12/07/2016 Electrical Equipment Automotive Monbat
Corporate earnings Q3 2016 (EN)
11/25/2016 Stock Market Bulgarian Equity Strategy (EN)
10/17/2016 Telecommunications ALLTERCO IPO Research note (EN)
10/04/2016 IT SIRMA GROUP HOLDING
Corporate earnings Q2 2016 (EN)
09/15/2016 Electrical Equipment Automotive Monbat
Corporate earnings Q2 2016 (EN)
08/04/2016 REIT/Diversified real estate Bulgarian Real Estate Fund
Corporate earnings Q2 2016 (EN)
08/01/2016 Pharmaceuticals SOPHARMA
Corporate earnings Q2 2016 (EN)
07/18/2016 Pharmaceuticals SOPHARMA TRADING
Corporate earnings Q1 2016 (EN)
05/20/2016 Pharmaceuticals SOPHARMA
Corporate earnings Q1 2016 (EN)
04/27/2016 IT SIRMA GROUP HOLDING
Corporate earnings FY 2015 (EN)
04/06/2016 Electrical Equipment Automotive Monbat
Corporate Profile (EN)
03/14/2016 Agriculture ELANA AgroCredit
Corporate Profile (EN)
02/16/2016 Pharmaceuticals SOPHARMA
Corporate earnings Q4 2015 (EN)
02/01/2016 Agriculture Advance Terrafund REIT
Corporate earnings Q4 2015 (EN)
01/07/2016 REIT/Diversified real estate Bulgarian Real Estate Fund
Corporate profile (EN)
12/10/2015 Pharmaceuticals SOPHARMA TRADING
Corporate earnings Q3 2015 (EN)
12/02/2015 IT SIRMA GROUP HOLDING
Corporate profile (EN)
11/13/2015 Courier services SPEEDY
Corporate earnings Q3 2015 (EN)
10/07/2015 Agriculture AGRIA GROUP HOLDING
Corporate earnings Q2 2015 (EN)
09/25/2015 Diversified finance EUROHOLD BULGARIA
Corporate earnings Q2 2015 (EN)
09/16/2015 IT Sirma Group Holding
IPO research report (EN)
08/24/2015 Energy CEZ DISTRIBUTION
Corporate earnings Q2 2015 (EN)
08/20/2015 Tobacco BULGARTABAC HOLDING
Corporate earnings Q2 2015 (EN)
08/13/2015 Pharmaceuticals SOPHARMA
Corporate earnings Q2 2015 (EN)
08/05/2015 Transport INDUSTRIAL HOLDING BULGARIA
Corporate earnings Q1 2015 (EN)
07/24/2015 Agriculture AGRIA GROUP HOLDING
Corporate earnings Q1 2015 (EN)
07/13/2015 Diversified Holdings STARA PLANINA HOLD
Corporate Profile (EN)
07/10/2015 Banking FIRST INVESTMENT BANK
Corporate earnings Q1 2015 (EN)
06/29/2015 Hotels & Resorts ALBENA
Corporate earnings Q1 2015 (EN)
05/14/2015 Utilities CEZ DISTRIBUTION
Corporate earnings Q1 2015 (EN)
04/30/2015 Agriculture ADVANCE TERRAFUND REIT
Corporate profile – valuation upgrade (EN)
04/29/2015 Electrical Equipment & Automotive MONBAT
Corporate earnings 2014
04/28/2015 Diversified Finance EUROHOLD BULGARIA
Corporate profile
04/22/2015 Pharmaceuticals SOPHARMA TRADING
Corporate earnings 2014
04/15/2015 Pharmaceuticals SOPHARMA
Corporate earnings 2014
03/26/2015 Agriculture AGRIA GROUP HOLDING
Corporate earnings 2014
03/18/2015 Transport INDUSTRIAL HOLDING BULGARIA
Corporate earnings 2014
03/09/2015 Banking FIRST INVESTMENT BANK
Corporate profile
03/05/2015 Agriculture ADVANCE TERRAFUND
Corporate profile
02/18/2015 Energy CEZ DISTRIBUTION
Corporate profile
02/10/2015 Agriculture ELANA AGROCREDIT
Corporate profile
01/07/2015 Transport INDUSTRIAL HOLDING BULGARIA
Corporate profile

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