Tuesday, 03 Novemberr 2009

BETA SECURITIES SA
Member of the Athens Stock Exchange


Market Comment
ASE ended down 1.5% with volume at €199.8m significantly
differentiating itself from its foreign peers. Banks posted a 2.41%
decrease. NBG closed at €24.70, down 2.33% with 2.2m shares traded.
EUROB GA closed down 1.19% with 1.9m shares traded. OPAP and PPC
supported the market closing up 1.67% and 2.51% in respect.
For today’s session, domestic market is expected to open from lower
levels. Focus this week on 3q09 results (PRT calendar of events table) and
the one off contribution 5-10% of profits from the c. 400 most profitable
companies as announced from the new government.


Corporate News
ALAPIS GA/ Net income posted a 1.9% increase, reaching €105.7m.
Ebitda stood at €251.7m, up 32%. Ebitda margin stood at 32.6% from
27.2% the previous year. Turnover stood at €772.8m from €702m, A
10.1% increase.
PPA GA / Dockworkers at Piraeus Port said they would start a two-day
strike later on Monday in a new bid to stop China's Cosco Pacific (from
taking over the port.
TEMP GA/ Announces 9M2009 results today after market close.
Consensus estimates expect losses of €450m. Management expects FY09
losses to reach €570m.


World Economy
Euro zone manufacturing sector bounces back in Oct
Eurozone Manufacturing Purchasing Managers Index for October rose to
50.7 in October from 49.3 in September. That is in line with an earlier
flash estimate and economists' forecasts. This is the first time the reading
has been above the 50.0
mark that divides growth from contraction since May 2008 and its highest
level since April 2008 when it also stood at 50.7.

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