Jul
23
On Tuesday Russian stock market has showed a negative dynamics. Taking into account the market turnovers, in trades took part only small investors and among the main issues were external stock and commodity markets. However, the situation at these markets was not so sound – European stock grounds and oil prices were felling down. As [...]
Jul
22
On July 9th, Transneft published its IAS 2007 report, with results topping market’s expectations, though not finding reflection in dynamics of company’s quotes.
S Transneft’s net income of 2007 under IAS rose +17.9% above prior year (54.861 bn RUR) and formed 64.674 bn RUR.
Company’s sales of 2007 increased [...]
Jul
22
Rostelecom: Waiting for diversification - July 21, 2008
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In the beginning of July, Rostelecom has published its IAS 2007 report. As we have mentioned before, company’s report was not surprising and according to main financial results appeared under our expectations. Company’s revenue increased by +11.4%, OIBDA margin rose by +0.7 p.p. and reached 16.5%. Among the operating results, we should point out a [...]
Jul
22
The beginning of trades can be characterized as natural. Oil quotes showed little changes, the fund market also closed without any surprises. The given tendency appeared to be during the trades and as a result, Russian stock market changed under the influence of external factors. The beginning of trades started with some corrections, after the [...]
Jul
21
While describing wholesale generating companies (WGCs) last time, WGC-2 and WGC-4 were the only companies, which did not establish their IAS 2007 reports. Now, after they issued their reports, we have made some corrections in our WGCs’ model.
According [...]
Jul
21
After a two day’s growth, Friday’s Russian market went down on deep. The fall began since the very start of the trading session and continued throughout the day, until session’s end. Amongst more or less serious negative to influence the market, we must point out yet another decrease of oil price. Brent oil quotes have [...]
Jul
18
With this research we continue the analysis of territorial generating companies of Russia, reviewing financial models of TGC-1, TGC-2 and TGC-5, launching analysis of TGC-6 and TGC-8. We have estimated them, using the method of discounted cash flows, adding several corrections into our forecasts.
We have corrected our forecasts for late 2008, considering the fact [...]
Jul
18
Throughout Thursday RTS dynamics was notably positive. A range of factors supported this movement. Aside from the fact of foreign markets closing at a considerable growth, more support has been provided by Moody’s increase of RF credit rating. The resulting powerhouse of the market was made up from banking sector. Sberbank and VTB have proved [...]
Jul
17
Wednesday’s dynamics of the stock market were variously-directed. Since the very morning external factors went at work, thanks to which market opened up soundly in the start. Prior to the publication of US statistics, however, the market moved down sharply, following panic of US depositors, who try to get their money off America’s seventh largest [...]
Jul
16
Earlier this July STC published its financial results of 2007 under IAS. Company experienced a range of evident improvements; however, the previous fears are still haunting the company.
Amongst the pluses we point out the growth of annual sales up almost +20%. And traditionally – local telephony was not [...]