Apr
11
GAZ Group: More questions than answers - April 10, 2009
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We revised our financial estimation of GAZ considering the new fundamentals. Worsening of the economic conditions leaded to rapid reduction of demand for equipment, manufactured by GAZ. In 2008 the selling dropped in all groups of produced vehicles, but the segment of medium- and heavy-duty commercial motor vehicles was most vulnerable – 67% in natural [...]
Apr
11
By the given research we start the analytic coverage of the distributing sector of power energy. We evaluated 8 intra-regional distributing companies using the discount cash flow approach.
Due to introduction of the new regulating model based on invested capital yield the distributing sector will become more clear, foreseeable, stable and hence attractive for [...]
Apr
11
Financial advice about stock Daily review - April 10, 2009
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On Thursday the growth rates of the Russian share market were quite remarkable. The RTS index went up from the very open and by the end of the day added more than 6%. That was supported by a number of factors, mostly external ones. First of all the oil prices were climbing since morning at [...]
Apr
9
Stocks Market today. The activity of players increased along with serious growth rates of liquid shares prices. The most interest was for the shares of Sberbank due to rumor on passing a “stress-test” by the leading American banks, and also due to expectations of 1Q results by Wells Fargo bank. Still the activity is high [...]
Apr
9
On Wednesday the trades began at the Russian share market with moderate decrease at the background of the external data, including the oil price lowering and drop of the foreign markets. However the correction did not last long and in the afternoon it already has been won back in full volume. The reason for turn [...]
Apr
8
Understanding the stock market
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Stocks Market today. Trade activity reduced versus the previous day. At the same time the selling prevailed in the highly liquid oil-and-gas and bank sectors. Gazprom was sold little by little, LUKOIL was variously directed due to 4Q 2008 report issue. Polyus Gold on contrary was of demand at the background of gold prices raise.
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Apr
7
The beginning of the week was quite positive for the Russian share market. The growth of RTS index at the open was supported by the external factors, including the increased oil prices. As a result the shares of oil-and-gas sector and also banks were the main reason of indicator’s climbing. Besides among the shares of [...]
Apr
6
Stocks Market today. Players’ activity reduced versus Friday, however, first half day the positive mood was dominant. Demand still was for the shares of Sberbank, LUKOIL, Rosneft. Among the shares of the second echelon the demand was for the shares of Belon and Transneft. Gazprom, on contrary, began loosing price in the afternoon together with [...]
Apr
6
Trader’s view Due to positive news over the ocean the Russian share market began the trading session with growth on Friday. Note that the day before the foreign markets indicated climbing and the oil closed with 9% growth. However, climbing stopped at the 751 points level of the RTS index. As we outlined earlier, the [...]
Apr
6
Stock Market today. On Friday the growth continued. Due to the oil price adding the demand was for the representatives of the oil-and-gas sector. At that background following the gold that dropped in price, the shares of gold miners were dropping.
Market tomorrow. We assume that on Monday the market unlikely will show growth [...]