We expect neutralopening of tenders
The situation in foreign stock and commodity platforms spoke in favor of a neutral opening Russia's stock market. Single dynamics at the auctions will not be. Increased activity is likely to occur in shares of MMC Norilsk Nickel. Today, the company will publish results under IFRS for the first half of 2009. VTB Wednesday also publish statements under IFRS for the first half. And speculators may begin to win back the financial results already in today's auction.
We continue to believe that current levels are attractive to profit-taking by investors, which focus on obtaining financial result this year.
According to the media, Turkmenistan intends to prohibit the re-export its gas. Ie it will be sold on the domestic market, and its share in exports will be occupied by Russia's gas. Now the Central Asian gas supplied by Gazprom to export, passing Russia's territory in the regime of temporary importation, and the gas holding company does not pay him to export duty, which is 30% of the price of gas. However, with Russia's Gazprom gas will have to pay export duty. The situation with Turkmen supplies are still not entirely clear, and it is a local negative for the shares of Gazprom. However, in terms of DCF estimates Gazprom's shares retain growth potential, the fair price is in the corridor of $ 7.9
Consolidating Russia's stock market in the corridor of 1300-1500 points on the RTS index looks the most likely scenario until the end of the year.
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Increased activity is observed in the shares of MMC Norilsk Nickel: Today, the company will publish results under IFRS for 1 half of 2009
We expect neutralopening of tenders
The situation in foreign stock and commodity platforms spoke in favor of a neutral opening Russia's stock market. Single dynamics at the auctions will not be. Increased activity is likely to occur in shares of MMC Norilsk Nickel. Today, the company will publish results under IFRS for the first half of 2009. VTB Wednesday also publish statements under IFRS for the first half. And speculators may begin to win back the financial results already in today's auction.
We continue to believe that current levels are attractive to profit-taking by investors, which focus on obtaining financial result this year.
According to the media, Turkmenistan intends to prohibit the re-export its gas. Ie it will be sold on the domestic market, and its share in exports will be occupied by Russia's gas. Now the Central Asian gas supplied by Gazprom to export, passing Russia's territory in the regime of temporary importation, and the gas holding company does not pay him to export duty, which is 30% of the price of gas. However, with Russia's Gazprom gas will have to pay export duty. The situation with Turkmen supplies are still not entirely clear, and it is a local negative for the shares of Gazprom. However, in terms of DCF estimates Gazprom's shares retain growth potential, the fair price is in the corridor of $ 7.9
Consolidating Russia's stock market in the corridor of 1300-1500 points on the RTS index looks the most likely scenario until the end of the year.
6; users rated material at 4.
Analyst Ratings
Oil Company Alexander Lebedev, facing expulsion from the London Stock Exchange
Die Welt: Opel, Magna and GAZ - when the partners do not …
In the critical days of the crisis begins
in Ukraine decreased the rate of decline in industrial production …
From large corporations today are accountable Apple and Texas Instruments, from Russian companies - Norilsk Nickel
On the side of the bulls in favor growth of quotations of oil futures on the side of the bears - suspend the fall of the dollar
If the MICEX index goes below 1316 points, it will cause the fixation of short positions
Today, the strongest positions are at stake gas and steel companies
Oil prices as a driver of growth will have already played at the opening, that would spur profit-taking
Russia market correction will continue on Monday, started on Friday, while better than the market may look oil