By 18.00 IST Russia indexes show negative dynamics: RTS (-0,57%), MICEX (-1.43%). Overseas indices in small minus: the indicator DJI loses 0,076%, the index of wide market S P-500 decreased by 0,2%. To date statistics from across the ocean was predominantly positive for the markets. Reports Goldman Sachs, Citigroup has been better than analysts' forecasts. Data on the U.S. labor market also led to rise to a substantial reduction. Prices for black gold are at high levels since the beginning of the year. That is why the decline in the stock markets can be regarded as a technical decline after rising the previous sessions. At the upcoming trading day, the attention of market participants will focus on reporting Bank of America.
Among investment ideas relevant recommendations on the chemical sector. We expect that in the 4 th quarter of the market's attention will shift towards the producers of nitrogen and compound fertilizers. Our recommendation - shares Ammophos and Kemerovo nitrogen. We Ammophos net cash in the amount of $ 174 million (accounting for 1 half of 2009, by the standards RAS). The company is very cheap at a market rate: P /E'09 = 5,9; EV /EBITDA '09 = 4,3. In addition, the company is cheaper than its capital balance (according to RAS): P /BV = 0,7. We believe that the risk of compulsory redemption of shares from minority shareholders by Fosagro currently available. Growth potential is more than 100%.
Kemerovo Nitrogen is part of Sibur Holding. In our view, Sibur retains interest in the IPO in the medium term, so we do not expect unpleasant surprises for the minority shareholders of the controlling shareholder. According to our assessment, the company estimated a market rate of the market is cheap: P /E'09 = 7, EV /EBITDA '09 = 7,1. Upside - more than 65%.
We also recommend that you keep in the portfolio of stocks of Gazprom, Rosneft, Lukoil, Surgutneftegaz, with the use of Trailing Stop across the portfolio. Information on the market as a whole: the RTS index in the power of the uptrend, which was formed in July this year. Line resistance at the level of 1300 points.
High profitability - the result of a successful trading strategy. Choose the appropriate strategy in the Trade Center.
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Analyst Ratings
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Dollar depreciated - the evening review of cash markets
The dollar on the interbank market fell by 10 kopecks
The European Commission is interested in joining the WTO in Belarus
Forex - in the European session
Positive corporate accountability are already in Russia's securities market quotes
The external situation has to halt decline, oil remains the maximum annual levels
As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 213.14 billion rubles
Net profit of Transneft IFRS for 1 half of 2009 grew by 23% to 54.6 billion rubles
JP Morgan Chase at the moment is still attractive in terms of normalized earnings, which will reach one of the first in the industry
Reduction of share platforms can be considered as a technical after rising the previous sessions
By 18.00 IST Russia indexes show negative dynamics: RTS (-0,57%), MICEX (-1.43%). Overseas indices in small minus: the indicator DJI loses 0,076%, the index of wide market S P-500 decreased by 0,2%. To date statistics from across the ocean was predominantly positive for the markets. Reports Goldman Sachs, Citigroup has been better than analysts' forecasts. Data on the U.S. labor market also led to rise to a substantial reduction. Prices for black gold are at high levels since the beginning of the year. That is why the decline in the stock markets can be regarded as a technical decline after rising the previous sessions. At the upcoming trading day, the attention of market participants will focus on reporting Bank of America.
Among investment ideas relevant recommendations on the chemical sector. We expect that in the 4 th quarter of the market's attention will shift towards the producers of nitrogen and compound fertilizers. Our recommendation - shares Ammophos and Kemerovo nitrogen. We Ammophos net cash in the amount of $ 174 million (accounting for 1 half of 2009, by the standards RAS). The company is very cheap at a market rate: P /E'09 = 5,9; EV /EBITDA '09 = 4,3. In addition, the company is cheaper than its capital balance (according to RAS): P /BV = 0,7. We believe that the risk of compulsory redemption of shares from minority shareholders by Fosagro currently available. Growth potential is more than 100%.
Kemerovo Nitrogen is part of Sibur Holding. In our view, Sibur retains interest in the IPO in the medium term, so we do not expect unpleasant surprises for the minority shareholders of the controlling shareholder. According to our assessment, the company estimated a market rate of the market is cheap: P /E'09 = 7, EV /EBITDA '09 = 7,1. Upside - more than 65%.
We also recommend that you keep in the portfolio of stocks of Gazprom, Rosneft, Lukoil, Surgutneftegaz, with the use of Trailing Stop across the portfolio. Information on the market as a whole: the RTS index in the power of the uptrend, which was formed in July this year. Line resistance at the level of 1300 points.
High profitability - the result of a successful trading strategy. Choose the appropriate strategy in the Trade Center.
2; user rated material at 4.
Analyst Ratings
Dollar depreciated - the evening review of cash markets
The dollar on the interbank market fell by 10 kopecks
The European Commission is interested in joining the WTO in Belarus
Forex - in the European session
Positive corporate accountability are already in Russia's securities market quotes
The external situation has to halt decline, oil remains the maximum annual levels
As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 213.14 billion rubles
Net profit of Transneft IFRS for 1 half of 2009 grew by 23% to 54.6 billion rubles
JP Morgan Chase at the moment is still attractive in terms of normalized earnings, which will reach one of the first in the industry