New love news for the survivors of equity shares – Tejaratnews
to report Tejarat News, Majid Eshghi, the head of the Securities and Exchange Organization, while appearing on Khabar Network’s “Saf Aol” program, said about indirect investment tools: One of the reasons for the events of 2019 can be considered the entry of people who were not familiar with the risks of the market, for this reason, one of the strategies Our goal in 1401 was to provide indirect investment tools.
He added: Every person who enters the capital market is different based on his age, amount of capital, etc., and his risk tolerance. In 1401, we introduced high-risk and low-risk investment funds, including leverage, capital guarantee, government bond fund, real estate and sector.
Eshghi added: Sectoral funds are funds that invest in a specific industry, and the existence of these funds makes the choice of people diverse based on their risk tolerance. Our plan in 1402 is to deepen and diversify these funds.
In the long term, the capital market has the highest returns compared to other markets/people who enter the stock market by selling the assets they need, lose with emotional behavior
Majid Eshghi continued: Any emotional entry and exit to the stock market will cause losses to the shareholders. Especially because some people enter the capital market from the financial resources they need, which is wrong.
He clarified: Some other common mistakes in the discussion of investing in the stock market are: entering into high-risk shares, investing in a single share and using non-expert advice in cyberspace. Certainly, in the long term, the capital market has the highest return compared to other markets; But this long term can be three years or even more.
Eshghi continued: Those who sell the property they need and enter the stock market, usually cannot have a long-term view of the stock market, and therefore do not tolerate the fluctuations of this market, and with emotional behavior, they cause themselves losses.
The impact of currency on the stock market
In response to the question of how currency fluctuations affect the stock market, Majid Eshghi said: The effect of currency fluctuations is not the same in all companies. Investors who buy shares directly should be careful in this regard.
He added: In the capital market, some companies benefit from the increase in the exchange rate and some lose, and it does not make a difference for some companies. Therefore, one should enter the capital market with proper analysis. If some do not have the ability to analyze, invest indirectly through investment funds.
Allocating equity shares to survivors after announcing the privatization organization and receiving names from supporting institutions
The head of the stock exchange organization said regarding the issue of allocation of equity shares to the survivors: According to the law, some of the people who were under the support institutions were included in the second series of allocation of equity shares, which are nearly three and a half million people.
He continued: After the Allocation Board of the Privatization Organization determined the portfolio of shares to be offered to the survivors and the list of names of the recipients was announced by the supporting institutions, the Stock Exchange Organization, through the Central Depository Company, carries out the operation of allocating shares. More details should be announced by the privatization organization.
Are equity dividends of non-stock companies paid?
Majid Eshghi said: The equity dividends of non-stock companies had not been deposited for nearly three years, and with the help of friends and the approvals of the Supreme Council of the Stock Exchange, this profit was added to the total received profits of stock companies and paid in March. This year, our effort is to pay this profit again along with the profits of stock companies. If the price of the car is appropriate, we do not insist on offering the car in the commodity exchange
Majid Eshghi said regarding the supply of cars in the Commodity Exchange: Regarding cars, the position of the stock exchange organization is that this product should reach the consumer with a good quality and price, and the producer should not be harmed.
He added: When we keep the price fixed for several years, it is detrimental to the consumer. Because the manufacturers reduce the quantity and circulation. Mandatory pricing in the car debate, while creating accumulated losses for car manufacturers, damages the banking system. Also, parts makers, car makers and other manufacturers who cooperate with this industry will suffer from mandated pricing.
Eshghi added: A significant part of car manufacturers’ shares are in the equity portfolio. We seek to ensure that equity interests and other investors are not harmed. Unfortunately, the low price of cars has caused an increase in dealers. If the price of the car is appropriate, we do not insist on selling the car in the commodity exchange, but we welcome the continued supply of the car in the commodity exchange.
He added: So far, some cars have been sold on the commodity exchange, the Ministry of Security agrees with the general offer of cars on the commodity exchange, but there are some expert opinions that should be reviewed.
Domestic car production increases
Majid Eshghi said: the car price in the market is the result of several different factors; The price of a commodity in the market is like a thermometer that shows the situation; If we don’t recognize this thermometer or destroy it or manipulate it temporarily, the problem will not be solved.
He added: Whenever we go towards mandatory pricing, along with creating significant corruption, a change in taste is also created; For example, car manufacturers only seek to increase profits instead of increasing productivity and quality.
Eshghi emphasized: We hope that with the increase in the supply of cars in the stock market, we will see cars being removed from the category of capital goods. Monopoly and rent in the car market will disappear when the supply of cars in the country increases; But on the other hand, you can’t expect car manufacturers to increase their production while they are making losses at the same time.
So far, only 5% of manufactured cars have been offered in the stock market/in case of major car sales in the stock market, the variety, quality and quantity of car production will increase.
Majid Eshghi, referring to the benefits of selling cars on the commodity exchange, said: So far, only 5% of the car production has been offered on the commodity exchange.
He added: “Our estimate is that if the trend of selling cars on the commodity exchange continues and the majority of car production in the country is offered on the commodity exchange, within six months to one year, the automotive industry will grow and both the production of cars and diversity And the quality of cars increases.
Oil deposit certificate is a tool for immunity against inflation
Majid Eshghi said: Investors who want to protect their capital against currency fluctuations and inflation can use two tools: oil and gas condensate deposit certificate and gold bullion deposit certificate.
The tax on manufacturing companies was reduced to 18%
Eshghi clarified: In the 1402 budget, we had a tax reduction for manufacturing companies, which decreased by another 2 percentage points and reached 18%, to help in capital formation.
He added: The second item in the 1402 budget is the tax exemption for capital increase through accumulated profits, which will help increase the capital of companies.
Fortunately, the parliament left the government’s hands free to determine the feed rate of petrochemicals/we have put forward a proposal to change the formula
In conclusion, Majid Eshghi said: The feed formula of petrochemicals has remained the same for several years. The expert suggestions given which are under consideration, no new decision has been made at this time and the same old formula is still in place.
He pointed out: if gas price fluctuations in Europe return to the long-term routine, there may be no need to change the formula; Otherwise, we suggested to change the formula. In the field of petrochemical feed prices, fortunately, the parliament left the government’s hand open for the government to make the final decision.
Source: Senate