Apr
18
Daily Stock review - April 16, 2009
Filed Under Trader’s view |
Trader’s view On Wednesday the Russian share market was calm again. After a quite wild Tuesday, Wednesday’s dynamics was not much remarkable. That relates the trade volumes and actual price changes. However, the situation at the Russian market was indicating the dynamics at the foreign grounds, where the trades were calm also. The liquid shares closed variously directed. Oil sector and non-ferrous metals’ producers were mainly negative. As a counter to them were the shares of the power energy sector.
Main Stock news
Putin is against decrease of investment programs by the private generating companies.
Vladimir Putin at the session on the matter of nuclear energy announced on Wednesday that the private energy companies should not tolerate deviations from the defined earlier investment plans.
Gazprom Neft provided report for 2008 by US GAAP.
In 2008 Gazprom Neft upped its net profit by US GAAP by 12.4% versus the similar period in 2007 to 4.66 bn USD.
The expected IAS results of Raspadskaya in 2008 and coal extraction decrease in 1Q 2009.
Raspadskaya upped the net profit by IAS in 2008 by 2.2 times versus 2007 to 531 mn USD, sales grew by 53% to 1.2 bn USD. The company reduced coal extraction in 1Q 2009 by 35% versus the similar period of the previous year to 1.89 mn tons, selling of concentrate dropped 42% and totaled 1.3 mn tons.
Other Stock news
Ø Gazprom might consolidate up to 92.7% of Gazprom Neft at the head company.
Gazprom will buyback 20% shares of Gazprom Neft from Eni to the balance of Gazprom, JSC, announced on Wednesday the head of department on operating at the financial markets of the concern Petr Bakaev in course of telephone conference for the investors.
Ø Provisional report of FNC by RAS for 2008.
FNC sales by RAS upped in 2008 versus similar period of 2007 by 14.6% to 2,754 mn USD, which occurred due to tariff climbing for transferring power energy by 12.3%.
Ø Operating estimates of MMC for 2008.
Magnitogorsk metallurgy company reduced steel production by 42.5% in 1Q 2009 to 2.07 mn tons, states the message of the company. The enterprise outlines that increase of production volumes in 1Q 2009 versus 4Q 2008 is due to selling volume raise, mostly due to upping of supplies to the domestic market.
Ø PMC reduced output of pipes by 18% in 1Q 2009, but forecasts production growth in 2Q.
Pipe metallurgy company reduced pipe output in 1Q 2009 by 17.8% versus the similar period of the previous year to 581 th tons. The shipping of welded pipes decreased by 19.7% to 179 th tons, weldless pipes – by 17.1% to 402 th tons. The company forecasts growth of output in 2Q 2009.
Daily Stock review - April 16, 2009 (PDF)