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BT CAPITAL PARTNERS

Prezentare generala

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BET + div 97.29%

DJI + div 250.86%

DAX + div 240.79%

randament ajustat cu inflatia

Piata Bursiera | Evolutie comparativa

normalizare: ian 2006=100

Randament realPiata locala vs internationala

Indicatori piata

P/E DIVY YoY2006-2019

BET 04/11/198.63x 8.45% 7.14%

DAX 04/11/1924.25x 3.00% 17.75%

DJI 04/11/19

Dow Jones Industrial Average 18.73x 2.25% 18.48%

sursa: Bloomberg

sursa: Bloomberg, BVB, BT Capital Partners

Grafic pana la 31/07/2019

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BT Capital Partners este compania membra Oaklins international din Romania

Bursa de Valori Bucuresti

31%financiar

28.6%petrol & gaze

19.3%fonduriinchise

14.6%utilitati

STATISTICI GENERALE

capitalizare bursiera 04/11/19 172.8 mdRON

lichiditate medie zilnica 2019 44.86 mRON

# emitenti 84

Indicele BET

BET - reprezentare sectoriala

-1.1%

1.2%

9.4%

30.1%

4.3%

8.5%

9.7%

8.9%

8.5%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

2015 2016 2017 2018 2019

evolutie BET (%)

randament dividend BET (%)

randament total (%)

lichiditate medie zilnica 2019 33.2 mRON

# emitenti 16

* altele: holding - vinarii, resturante

sursa: BVB

-6.7%Evolutia BET + dividende pana in 04.11.2019

Rentabilitati

9.7%

3.2%

19.1%

2.2%

38.6%

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Piata Bursiera | Dividende

Dividende aferente profiturilor din 2018Constituenti indice BET

8.2%

7.4% 7.1%

11.9%

-

12.2%10.3%

-

6.5%

2.1%

10.5%

14.8%

9.1%

5.2%

1.7% 4.0% -

0

0

0

0

0

0

0

0

DIVY (%)

*randamentul dividendului(DIVY) calculat la data cum-dividend a fiecarui emitent

Lichiditate medie zilnica 2019Constituenti indice BET

11.5

8

5.2

1

5.1

6

3.9

4

3.2

8

1.8

4

0.8

7

0.8

5

0.6

7

0.4

4

0.3

1

0.2

4

0.2

3

0.1

9

0.1

1

0.0

8

lichiditate medie zilnica (mRON)

8.4%

15.4%

8.9% 8.6% 7.3%

2015 2016 2017 2018 2019

TG

N

CO

TE

SN

G

TE

L

Randament DPS-uri aferente profiturilor 2014-2018Sector utilitati

* randamentul dividendelor calculat la pretul mediu neajustat din anii de referinta;

EL

SN

N

-

*lichiditatea medie zilnica pana la 04/11/2019

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Investitie BET + dividende37,350

Depozit bancar16,853

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

Randament anual 9.51%

strategie pasivaIndicele BET + dividende reinvestite

Inceput 01.06: 100 RON

Valoarea depunerilor: 16,300 RON

Investitie in BET + dividende reinvestitepana in 07.19: 37,350 RON

Depozit bancar pana in 07.19: 16,853 RON----------------------------------------------------

• dividende incluse• valoare reala, incluzand inflatia

Ce poti face, in timp, cu 100 RON RON/luna

Randament anual 0.25 %

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La ce ne uitam cand investim in actiuni?

Piata Bursiera

✓ rezultate finaciare bune;

✓ politica de dividende;

✓ companii/business-uri pe care le intelegem;

✓ multipli de pret si analiza comparativa;

✓ context favorabil;

✓ riscuri si oportunitati de crestere;

✓ management-ul companiilor;

✓ nu intotdeauna o companie atractiva = investitie atractiva.

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linkedin.com/company/bt-securities

0264 430 564

office@btcapitalpartners.robt-trade@btcapitalpartners.ro

btcapitalpartners.ro

bt-trade.ro

Cosmin Bota

Director Adjunct Operatiuni Brokeri

BT Capital Partners - Grupul Financiar Banca TransilvaniaSediul Central – Str. Constantin Brancusi, nr. 74-76, Cluj-Napoca, Romania

0374-778.008bota.cosmin@btcapitalpartners.ro

Contact