bgResearch
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.
Find out about Bulgaria with Why Bulgaria
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 |
|---|---|---|
| 04/29/2021 | IT | Telelink Business Service Group Financial results FY’20 (EN) |
03/24/2021 | Pharmaceuticals | SOPHARMA TRADING Financial results FY’20 (EN) |
| 03/18/2021 | Industrials/ Electrical Equipment | KORADO Financial results Q4’20 (EN) |
| 02/12/2021 | Diversified Holding | Doverie United Holding Financial results Q3’20 (EN) |
| 01/19/2021 | Electrical Equipment / Automotiv | MONBAT Financial results Q3 2020 (EN) |
| 12/21/2020 | Pharmaceuticals | SOPHARMA Financial results Q3 2020 (EN) |
| 12/14/2020 | IT | Telelink Business Service Group Financial results Q3’20 (EN) |
| 12/08/2020 | Industrials/ Electrical Equipment | KORADO Financial results Q3’20 (EN) |
| 11/27/2020 | Agriculture | Agria Group Holding Corporate profile (EN) |
| 09/15/2020 | Industrials/ Electrical Equipment | KORADO Financial results Q2’20 (EN) |
| 09/11/2020 | IT | Telelink Business Service Group Financial results Q2’20 (EN) |
| 06/30/2020 | Industrials/ Electrical Equipment | KORADO Financial results Q1’20 (EN) |
| 01/20/2020 | IT | Telelink Business Service Group Public offering and Valuation (EN) |
| 01/20/2020 | Industrials/ Electrical Equipment | KORADO Financial results FY’19 (EN) |
| 01/20/2020 | IT | Telelink Business Service Group Corporate profile (EN) |
| 11/04/2019 | Agriculture | ELANA AgroCredit Financial results 9M’19 (EN) |
| 10/02/2019 | Pharmaceuticals | SOPHARMA TRADING Financial results H1 2019 (EN) |
| 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 |
