Shufersal, Elbit Imaging, TAT, Hot: Israel Equity Preview
The following stocks may rise or fall in Israeli markets. Stock symbols are in parentheses after the company names and prices are from the close unless otherwise stated.
The TA-25 Index slid 1.7 percent to 1,240.52 in Tel Aviv.
Elbit Imaging Ltd. (EMIT IT): The investor in technology companies said it expects to receive aggregate gross proceeds of 159.9 million shekels ($43.5 million) from an offering of Series G Debentures. Elbit lost 2.8 percent to 47.82 percent.
Hot Telecommunication System Ltd. (HOT IT): The cable company’s French owner Patrick Drahi may sell 5 percent of Mirs Communications Ltd. for 40 million shekels to comply with regulations requiring local investment in telecommunications companies, TheMarker reported, without saying where it got the information. Hot was little changed at 49.20 shekels.
Shufersal Ltd. (SAE IT): The country’s biggest supermarket chain reported third-quarter net income of 70 million shekels compared with 62 million shekels in the same period a year ago. Shufersal dropped 1.1 percent to 22.55 shekels.
TAT Technologies Ltd. (TATTF IT): The maker of heat- transfer equipment said it may record a loss for the periods ended Sept. 30 because a “material impairment might be required with respect to the fair value of certain assets.” TAT retreated 1.4 percent to 23.59 shekels.
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