Sep
12
The consolidated net income of CTRP’s Group pipe division increased +21.7% in 2007 versus 2006 and totaled 6.55 bn RUR, claims the company’s message. The consolidated income of pipe branch in 2006 had formed 5.4 bn RUR. And according to consolidated report, the data of late 2007 indicates short and long-term loans and credits have [...]
Sep
12
With the given research we finish issuing fair estimations to a range of Svyazinvest IRCs, which published their consolidated financial results for last year.
Uralsvyazinform’s results over the year can be characterized as neutral. The company demonstrated average revenue growth rates (in comparison with other IRCs). The main growth drivers [...]
Sep
11
Daily Russian Stock trader’s view - September 11, 2008
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Russian stock market subjected itself to the “bear mood”, falling to a shamefully low level. The primary factor to influence the market since the morning was fear on worsening of US financial crisis, backed by downfall of Lehman Brothers quotes just before that. Besides of that – oil price has been reduced down almost 3 [...]
Sep
10
Russian Stock Daily trader’s view - September 10, 2008
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This Tuesday Russian stock market continued moving down negative. Though, among the top undermining news was the drop of oil price – 100 USD per barrel of Brent is not so distant any longer. Other indicators brought no such bad news as did the oil. Nevertheless, RTS still pierced two important levels in just one [...]
Sep
10
KAMAZ, NefAZ: 2007 financial report - September 9, 2008
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Late this August KAMAZ group published its financial results under IAS 2007 report. Group’s revenue increased by 45% vs 2006 results, EBITDA added 83.5% and formed 499 mn USD, company’s net income increased twice to 291 mn USD. KAMAZ’s efficiency also increased, coupled with high growth rates of main indicators. Thus, EBITDA margin formed 13.1% [...]
Sep
9
Dalsvyaz: Sakhatelecom as growth factor - September 9, 2008
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We reviewed fair price of company’s securities when Dalsvyaz published its financial IAS report. The last year can be characterized as favorable for company’s business, but Dalsvyaz has not yet used up all its opportunities, settled by regulatory body, at full extent.
First of all we should mention that Dalsvyaz [...]
Sep
9
In the beginning of August Volgatelecom published its IAS 2007 financial report. We reviewed company’s financial model and fair price of its shares, after the report has been published.
Volgatelecom’s 2007 results can be characterized as one of the best in the sector. The company demonstrated a slight growth of [...]
Sep
9
After a significant drop of last week, Monday’s trades have opened at +4% throughout Russian exchanges. The most supportive to RTS was banking sector. Sberbank’s stocks have added +7.5% since the very morning. Still backed by a confident growth of US and Asia’s banking sector. Then investors were inspired by news of US government’s temporary [...]
Sep
8
Vimpelcom: Growth of ARPU in all directions - September 8, 2008
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On Thursday Vimpelcom published its results under US GAAP 2H 2008 financial report.
Since 2H 2008 Golden Telecom’s results, purchased late February 2008, was fully consolidated in Vimpelcom’s financial report. The given factor has a significant influence on the basic financial results of the company – first of all, [...]
Sep
8
Last Friday Russian stock market had successfully compensated for one of the most serious falls of last year. The trades, since the very start have opened through a fall, backed by negative closing of US stock indices (DJIA and Nasdaq have both lost about 3%). The market fall continued on to 15.00 (Moscow local time), [...]