By 17.30 the Russian indexes show the following trends: RTS (2,4%), Moscow Interbank Currency Exchange (4.1%). After lowering the previous trading sessions, crude oil prices supported growth in the Russian market. Futures on the sort of Brent traded at $ 68.32 /barrel. European indices are also in the positive zone: DAX (0,94%), FTSE (1,56%).
Among corporate news mention information companies Akron and URSA Bank. By Acronym: compared to 1 half of 2008, a segment of nitrogen fertilizer on two Russian plants showed an increase of 17% .. Sales of Russian refineries of the Group 1 half of 2009 compared to the same period in 2008 fell by 43% to $ 453 million, EBITDA declined by 65% to $ 143 million, net profit (excluding revaluation effects) fell by 80% , up to $ 68 million fall of all the key financial indicators regularly and predictably, given the magnitude of the fall in prices for the products the Group of Akron. In general, reporting the Russian Group of Akron for the Division 1 half of 2009 has already been included in analysts' FINAM we reiterate our recommendation to sell shares of Akron with a target price of $ 18.3 at the end of 2010
It is important to note that the chemical industry, we continue to recommend the preferred shares sylvinite with a target price of $ 514 at the end of 2010. Silvinit first among world producers this year contracted the supply of potash to India at a price of $ 460 per ton. Of course, this price was below the consensus forecast of analysts. Nevertheless, in the DCF valuation Finam, the company will be able to save the EBITDA margin of not less than 50% in such price levels.
Reporting URSA Bank has reflected the decline in the solvency of borrowers, the decline in interest and fee income. Reserves are not covered and 50% of the debt problem. It is important to note that the reserves amounted to 9.7% of the loan portfolio, a coverage ratio of problem loans- 45%, significantly below the average for the public banks of Russia at 100%. In this segment, we recommend to purchase shares of Sberbank and the Bank Revival.
information market as a whole: the Russian indexes, I think, by the end of the week consolidated near current levels. Further developments will be determined by the situation on the oil market. Investors want to do bid for the company's relatively low debt load and to a crisis of the adaptive strategy. Stocks sylvinite , magnet , Bamtonnelstroya extremely attractive for long-term investment.
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AUB: A new procedure for the formation of reserves the banks have a negative impact on lending
Experts do not expect a significant change in quotations oblgazov after the transfer of assets Naftogaz Ukrainy
The Working Group began the development of interstate cooperation programs innovative CIS
Forex on the European session
At the end of the trading the MICEX currency market the U.S. dollar at the ETC in the calculations tomorrow was 31.7108 rubles. the dollar
In the segment of Russian Eurobonds after oil resumed podrosshey purchase - Rus-30 kept at the level of nominal
Power Machines will open a branch in Brazil to work on the electricity market in Latin America
In the 2 quarter of 2009, Nornikel increased production of nickel at 2.9% to 71 thousand tons
Stock markets to remain locomotive 'appetites for risk
Russian indices by the end of the week consolidated near current levels, further developments will be determined by the situation on oil market
By 17.30 the Russian indexes show the following trends: RTS (2,4%), Moscow Interbank Currency Exchange (4.1%). After lowering the previous trading sessions, crude oil prices supported growth in the Russian market. Futures on the sort of Brent traded at $ 68.32 /barrel. European indices are also in the positive zone: DAX (0,94%), FTSE (1,56%).
Among corporate news mention information companies Akron and URSA Bank. By Acronym: compared to 1 half of 2008, a segment of nitrogen fertilizer on two Russian plants showed an increase of 17% .. Sales of Russian refineries of the Group 1 half of 2009 compared to the same period in 2008 fell by 43% to $ 453 million, EBITDA declined by 65% to $ 143 million, net profit (excluding revaluation effects) fell by 80% , up to $ 68 million fall of all the key financial indicators regularly and predictably, given the magnitude of the fall in prices for the products the Group of Akron. In general, reporting the Russian Group of Akron for the Division 1 half of 2009 has already been included in analysts' FINAM we reiterate our recommendation to sell shares of Akron with a target price of $ 18.3 at the end of 2010
It is important to note that the chemical industry, we continue to recommend the preferred shares sylvinite with a target price of $ 514 at the end of 2010. Silvinit first among world producers this year contracted the supply of potash to India at a price of $ 460 per ton. Of course, this price was below the consensus forecast of analysts. Nevertheless, in the DCF valuation Finam, the company will be able to save the EBITDA margin of not less than 50% in such price levels.
Reporting URSA Bank has reflected the decline in the solvency of borrowers, the decline in interest and fee income. Reserves are not covered and 50% of the debt problem. It is important to note that the reserves amounted to 9.7% of the loan portfolio, a coverage ratio of problem loans- 45%, significantly below the average for the public banks of Russia at 100%. In this segment, we recommend to purchase shares of Sberbank and the Bank Revival.
information market as a whole: the Russian indexes, I think, by the end of the week consolidated near current levels. Further developments will be determined by the situation on the oil market. Investors want to do bid for the company's relatively low debt load and to a crisis of the adaptive strategy. Stocks sylvinite , magnet , Bamtonnelstroya extremely attractive for long-term investment.
Your grade will be the first!
Analyst Ratings
AUB: A new procedure for the formation of reserves the banks have a negative impact on lending
Experts do not expect a significant change in quotations oblgazov after the transfer of assets Naftogaz Ukrainy
The Working Group began the development of interstate cooperation programs innovative CIS
Forex on the European session
At the end of the trading the MICEX currency market the U.S. dollar at the ETC in the calculations tomorrow was 31.7108 rubles. the dollar
In the segment of Russian Eurobonds after oil resumed podrosshey purchase - Rus-30 kept at the level of nominal
Power Machines will open a branch in Brazil to work on the electricity market in Latin America
In the 2 quarter of 2009, Nornikel increased production of nickel at 2.9% to 71 thousand tons
Stock markets to remain locomotive 'appetites for risk