Monday’s environment of Russian stock market was flagged by an extremely low activity of participants. However, the movement vector of most of the quotes was moving upwards and only during the last half hour of trades, it changed course, now moving towards the bottom. The positive movement during the early trades could have been related [...]

The considerably overbought Russian stocks, of then-backed Georgia-Ossetia conflict, were compensating for the drop of quotes yesterday. Primary growth hit the securities of oil & gas sector. Thursday’s compensation was boosted by the news on increasing oil price, caused by data on reduction of US reserves. More to that – the absence of news off [...]

The beginning of trading session this Monday was rather unlucky for Russian stock market. Slammed by events in South Ossetia and strong criticism of Russia’s peacekeepers by western media – have seriously expanded political and military risks of country. Russia’s very own investment appeal suffered badly, due to background of Georgia-South Ossetia conflict. Western investors [...]

Last Friday the situation around Russian stock market has developed under a negative scenario. Since the very morning, the news about the developing conflict in South Ossetia was coming in constantly. We do not exclude that these very news became the primary driver to bring down Russian stock market. From the fundamental analysis point of [...]

AvtoVAZ has announced its financial results of year 2007, which happened to be higher than our forecasts by 5-10%. Company’s revenue increased by 10.7% in USD value, EBITDA added 11.4% and formed 664 mn USD. AvtoVAZ’ net income formed 135 mn USD vs 114 mn USD in prior year. Increased sales volume was achieved [...]

On Tuesday, a fall of Russian stock market has continued. The fall took place on the back of expanded results at European stocks. Among negative factors were decreased oil prices. During the trades, Brent oil prices decreased by -2 USD. Mikhail Prokhorov and Vladimir Potanin, Norilsk Nickel’s major shareholders are almost finished a deal concerning [...]

The trades over Russian stock market have gone under a negative flow last Friday. Aside of this – oil prices have dropped considerably as well. Later on, the stocks of oil & gas sector started dropping its quotes. Among top positive stocks – were of Norilsk Nickel, which added price, expecting the board meeting, set [...]

Wednesday’s stock market of Russia is starting to rejuvenate, after a week-long fall. RTS is supported by positively expanded foreign indices. Mechel stocks restore themselves second day in a row, compensating almost a half of its 44% fall, following the critics of premier-minister. Metallurgy and banking sector seemed well too. Banks could have also been [...]

We have corrected TGC-1’s model, in accordance to company’s 2007 IAS report.
The established report is the first one, which shows the results of TGC-1’s reorganization in full volume. It reflects the merger of TGC-1 and Murmansk HPP and the results of additional emission placements, in order to attract investments.
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NOVATEK’s IAS-compliant net income of 1Q of 2008 increased by 72.6% in comparison with the same period of 2007 – to 7.503 bn RUR, indicates the company’s report and it is higher than our forecasts by 5.3% (7.116 bn RUR).
S NOVATEK’s income rose by +36.8% – to 20.876 bn RUR and [...]

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