Fundamental analysis of Shabandar / Balanced production and sales in February 1401 – Tejaratnews
According to Tejarat News, Bandar Abbas Oil Refining Company was established in 1375 by changing the name of Iran’s National Liquefied Gas Company. The name of Bandar Abbas Oil Refining Company was included in the list of companies admitted to the Tehran Stock Exchange at the end of 1990, and four months later, the shares of this company were listed with the symbol “ShabandarAnd the price of 114 Tomans was offered for the first time.
It should be mentioned that the capital of this company at the time of initial offering was 1,380 billion tomans, which reached 13,434 billion tomans after several stages of capital increase.
The main activity of this company includes refining and processing crude oil and other hydrocarbons, making petroleum products such as gasoline, kerosene, gas oil, heating oil, liquid gas, aircraft fuel and other derivatives and by-products.
Refah Karkaran Bank by acquiring more than 30% of the shares Shabandar It is the largest major shareholder of Bandar Abbas Oil Refining Company.
Parsian Oil and Gas Development Group and Saderat Bank of Iran are other major shareholders of this company. So that each of them has taken 15.42 and 4.8 percent of Shabandar’s shares under their ownership, respectively. It should be mentioned that 32.14 percent of the company’s shares are also in the hands of small or so-called floating shareholders.
What was Shabandar’s record in February 1401?
Reviewing the monthly performance report of Bandar Abbas Oil Refining Company shows that the amount of production and sales of the company in February 1401 has not changed much compared to January of this year, and this refining company has adopted a policy of balance in production and sales.
Based on this, in the second month of the winter of 1401, Bandar Abbas Oil Refinery was able to produce one million and 577 thousand cubic meters of its products such as oil, gas, motor gasoline and vacuum batons. This number has decreased by about one percent compared to the production of 1.598 million cubic meters in January.
Also, Bandar Abbas oil refinery managed to produce one million and 518 thousand cubic meters in Bahman 1400. Therefore, the company’s production in February 1401 compared to the same period in 1400 has increased by about four percent.
Further investigation of this report shows that Bandar Abbas Oil Refining Company managed to sell 1 million 644 thousand cubic meters of its products in Bahman 1401. This number has increased by 1.11% compared to the sale of 1,628,000 cubic meters in January and 1,480,000 cubic meters in February 1400.
Read more reports on the stock news page.
You can also read the technical analysis of Shabandar symbol in the report “Technical analysis of Shabandar 3 April 1402 / Has the upward trend ended?” read.