Jul
16
Russian stock market of Tuesday was suppressed by the external negative news. RTS could not stay above 2200 points level, which becomes a sort of an indicator of its own, as index drifts over it for past 9 sessions in a row. The flow of negative statistics off Eurozone and USA brought down the latter [...]
Jul
15
Despite of the lack of support from foreign markets – world’s primary indices closed negative, as Russian market rose steadily throughout the day, reinforcing itself above 2200 points. This movement was supported by a technical factor. As during most of the day the index enjoyed a strong support level of 2150 points. At the same [...]
Jul
14
Steel industry: Final 2007 and early 2008 results. - July 14, 2008 (preview)
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Domestic steel enterprises of the “big five” have already published their respective financial reports of full 2007 and 1Q 2008, aside from Evraz. Evrazholding offers its investors annual and half year’s results only, which will be published in the late of August.
Thanks to the rise in prices at commodity markets, the [...]
Jul
14
Main Russian Stock Market Review
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Last Friday RTS began its day at a +0.6% growth, which was supported by the positively closing foreign grounds and increase of oil prices. However, a while after RTS failed to hold on to 2200 points level, achieved in the morning, and index encountered some heavy resistance at this level. During the second half of [...]
Jul
11
Gazprom: What is the nature of monopoly’s income growth? - July 11, 2008
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On June 30th Gazprom published his IAS report for full financial year 2007.
S The sales of the concern rose up +11.1% in 2007 to 2.390 trn RUR, whereas we have forecasted this value to form 2.309 trn RUR. This value rose thanks to sound results of 4Q, related to [...]
Jul
11
Just as we have anticipated – Russian market of Thursday was subjected to a light growth. Note though, the external background was not so bright for Russian stocks – whilst European and US indices were failing gradually, and deep too. FTSE-100 for example, lost -2% to 18.00 (Msk local time). Even so, the players of [...]
Jul
10
Pipe industry: Is it really that bad around the industry? - July 10, 2008
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Since the start of this year, the pipe industry had experienced a number of changes. First of all – some serious changes influenced industry’s general offer and demand. Russian production of 1Q 2008 dropped -7.3% versus similar term of 2007. Though primary drop influenced the oil & gas segment, excluding the drilling pipes, which production [...]
Jul
10
Throughout Wednesday Russian stock market was shifting feet around 2175 points of RTS most of the day. On one hand – some supportive factors and news were available. Forged by foreign markets, including commodity markets and technical indicators, indicating that Russian market still holds a significant potential to grow. During the day some humble attempts [...]
Jul
9
Russian Stock News - July 9, 2008
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The Tuesday has proved to be yet another trial of strength. On one hand, the pressure upon the stock market was put up by the negative external influences. Prior to the day the stocks of Freddie Mac and Fennie Mae have dropped to 13 years lowest, after companies announced that they will require additional capital [...]
Jul
8
Centertelecom is the first one, to publish its IAS 2007 report. Some results excelled Centertelecom from other companies of Svyazinvest. OIBDA margin of the company formed 36.2% in 2007, the highest results of the sector (excluding Volgatelecom and Uralsvyazinform, which did not announce their financial reports at the moment of our model creation). ROIC ratio [...]