The MSE Equity Price Index posted its fourth consecutive decline as it shed a further 0.47% to a 7-month low of 3,555.612 points. Five equities moved lower while MIA and M&Z closed the day unchanged. Today, International Hotel Investments plc published updated forecasts for 2022. IHI is now expecting to generate revenue of €232 million, 3.6% higher than the forecast published in early September. Moreover, EBITDA is forecasted at €49.1 million (+12.9% over its earlier forecast), which translates into an improved EBITDA margin of 21.2%. The Corinthia Hotel London is the main performance driver as it managed to exceed its 2019 performance due to higher average room rates. Meanwhile, hotel revenues in St Petersburg have been seriously impacted while the performance of the Group’s conference-oriented hotels in Prague and Budapest remains subdued. The equity remained inactive today. BMIT Technologies plc plunged 6% to an all-time low of €0.44 across three deals totalling 29,900 shares. BMIT’s parent company – GO plc – eased by 0.7% to a 6-year low of €2.86, albeit on a single trade of 1,000 shares. HSBC Bank Malta plc moved 2.7% lower to the €0.73 level on one deal of 3,952...
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