At Least 25 People Killed In Russian Forest Fire
31 July 2010 |
PepsiCo, Tampico In Distribution Deal - Update
9 April 2010 |
MMK, TMK, KamAZ, Volgatelecom news briefs
21 December 2009 | MMK expects stronger revenue, margins and selling prices. TMK is looking to place a RUB 30 bn exchange-traded bond. KamAZ promises RUB 20 bn investments until 2014. Volgatelecom generates 9M 2009 net profit of RUB 2.8 bn.
VTB releases neutral 9M 2009 IFRS results
21 December 2009 | The 9M 2009 IFRS report from VTB reveals a further degeneration in the quality of the bank’s loan portfolio, evidenced by a sudden surge in rescheduled loans. However, in 3Q 2009, the bank demonstrated certain upward trends as well, such as an increase in net interest margin and a fall in administrative expenses compared to the previous quarter.
Gazpromneft, Tatneft, MMK news brief
17 December 2009 | MMK places RUB 10 bn exchange-traded bonds with 9.7% yield. Tatneft’s investments will top USD500 mn in 2010. Gazpromneft and partners will invest USD2 bn in an Iraq-based project. Russia’s industrial output grew on low base and high production.
LUKOIL wins right to tap Iraq's largest oilfield
16 December 2009 | The results of the tender for the right to tap one of Iraq’s largest oilfields, West Qurna 2, were announced on December 12. The tender was won by a consortium of LUKOIL and Statoil. In line with the tender terms, LUKOIL will control 63.75% in the consortium, 11.25% will go to Statoil, and the remaining 25% will go to the Iraqi government. In addition, the consortium will get a USD 1.14 reward for each barrel recovered in excess of the set limit of 1.8 million barrels per day.
Evraz , Sberbank, OGK-3, Sibirtelecom news briefs
16 December 2009 | Evraz has repaid USD 800 mn to VEB, with the remaining debt amounting to USD 1 bn. Sberbank “should” pay out dividends for 2009. OGK-3 will sell 1% of its treasury shares at a loss. Sibirtelecom’s net profit in 9M 2009 declined 29%.
Rostelecom, Gazprom news briefs
15 December 2009 | The Rostelecom BoD has decided to delist ADRs for company shares from the NYSE, the company said in a statement on December 11. It became known on December 11 that Gazprom is looking to boost dividend payments over the next three years.
Rosneft: US GAAP results for 9 months 2009
8 December 2009 | Rosneft output its financial report by US GAAP for 9 months of 2009. The company gained 4.84 bn USD of net profit (down by 53.2%). Sales slipped by 44.6% and formed 32.26 bn USD, while the oil prices reduced by 47.5% (the company was supported by the growth of operating results: oil extraction grew by 1.1%, oil products output – by 0.8%). Operating profit dropped by 54.3%. Operating margin slipped by 4.2 p.p. to 19.7%.
Gazprom: Having passed the bottom
23 November 2009 | We have revised our estimation of Gazprom’s shares. The reason for up-dating the company’s model was the report by IAS for 1H 2009, the budget draft for the next year and corrections of WACC method calculation. The provided financial report of the gas monopoly totally brought no surprises. As it has been expected, the second quarter was worse than the first one and likely was the weakest within the whole year. In 1H 2009 the financial estimates were affected by the decline of the gas sale at all markets by 22.3% average, and by the reduction of the retail price of gas by 9.6% in the state of the far abroad and by 24% in Russia. As a result within the six months of the year 2009 sales slipped by 24.1 bn USD or by 32.8% and formed 49.285 bn USD, operating profit and EBITDA showed reduction by 56.7% and 52.6% respectively and formed 12.98 bn USD and 16.18 bn USD.
LUKOIL to restart Odessa oil refinery
29 October 2009 | Despite its readiness to resume oil deliveries to the Odessa oil refinery via the Odessa-Brody pipeline, a route offered by Ukraine, Lukoil still faces the risk that the refinery could again be stopped due to political conflict around the oil pipeline.
TNK-BP publishes US GAAP 9M 2009 financials
29 October 2009 | The 9M 2009 results from TNK-BP have met market expectations. The results show robust growth in production indicators and operating margin, as well as improvements on a quarterly basis.
Mechel reports positive 3Q 2009 operating results
27 October 2009 | On 26 October 2009, Mechel (RTS: MTLR) published its operating report for 3Q 2009. The company reported a surge in output of almost all product types compared with the previous quarter. The most efficient segments were coking coal, output up 109%, and the ferrochrome segment, where production jumped 91%.
Silvinit shareholders approve terms of Sberbank loan
27 October 2009 | Silvinit shareholders have approved the terms of a USD 1.5 billion loan from Sberbank, which the company needs to refinance its debt to VTB.
Magnit indicates price range for additional share issue
27 October 2009 | According to media reports, the price range for Magnit’s upcoming additional share issue has been set in the range of USD 12.00 to USD 13.50 per GDR. Contrary to expectations, the targeted price range offers no substantial discounts to the network’s current stock valuations on the LSE, where the retailer closed at USD 12.86 per GDR on Friday.
Russia's long-term rating has been cut by S&P
9 December 2008 | Russia's long-term debt rating has been cut by rating agency Standard & Poors as the first such cut in 9 years and the first for G8 nations from the beginning of the global financial crisis. This downgrade of one level to BBB is motivated by Russia's capital outflows and rapid depletion of foreign currency reserves. Capital outflows has reached $190 billion since August BNP Paribas. One quarter of foreign currency reserves ($143 billion) has gone during the same period.
VTB decided to increase dividends
13 December 2007 | VTB chairman Andrey Kostin announced that bank decided to spend up to 40% of its 2007 year profit for dividends.
Lukoil published results for the 3rd quarter and first 9 months of 2007
13 December 2007 | On Wednesday Lukoil, Russia's second largest oil company, published results for 3rd quarter and first 9 months of 2007.
Renault bought 25% stake in AVTOVAZ
10 December 2007 | French car maker Renault decided to buy 25% of Russia's biggest auto maker, AvtoVAZ, aiming to revive the faded Lada brand and strengthen its hold on what will soon be Europe's largest car market.
Sergey Chemezov, Head of Russian Technologies, Chairman of the Board of AvtoVAZ, Serguei Skvortsov, President of Troika Capital Partners and Carlos Ghosn, President and CEO of Renault signed an MOU on 8th December in Togliatti, aimed at giving Renault a 25% stake in AvtoVaz as a strategic partner.
VTB reports high net profit
10 December 2007 | According to preliminary data, VTB Bank's net profit under IFRS grew 28.8% to $1.051 billion during the first nine months of 2007 compared to the $816 million posted for the same period a year earlier, the Russian bank announced in a press release today.
X5 Retail Group announces that it does not now expect to undertake SPO this year
25 September 2007 | X5 Retail Group has postponed issuing $1 billion in additional shares this year.
UTair Aviation shows strong growth
19 September 2007 | During January-July 2007, the company carried 1,593,598 passengers, up 20.8 percent from the same period in 2006. In the same period, mail and cargo volume carried by the airline’s transport aircraft went up by 57.6 percent and 31.3 percent respectively.
Sibirtelecom is one of the most perspective telecom operators
19 September 2007 | Sibirtelecom is the leading fixed-line telecommunications service provider in the Siberian region of Russia. Company operates in Siberia (30% of Russia’s territory and 14% of Russia’s population).
|
|
|
New!
Stock Market Forums (US, Europe, Asia)
Free Membership
|
|
|
| Latest Stock Market Reports |
World stock markets daily report (September 02, 2010)
A hump day rally sparked by strong Chinese PMI and Aussie GDP data was followed up by much better than expected US ISM and the sentiment was for sure “RISK-ON” this was also helped by WSJ article about further stimulus from Obama administration and rumours of massive $6bn asset reallocation trade out of German bunds (the bond bubble) into S&P 500 futures as it was the start of a new quarter.
Indian stock market daily closing report (September 02, 2010)
The markets traded within a tight range after the positive momentum witnessed for two days and ended with modest gains. All the major sectoral indices ended on a very flat note. Sugar counters witnessed a significant spike on decontrol reports. The Sensex closed at 18,238 up 34 points and the Nifty was at 5,486 up 14 points after making an intra-day high of 5,513. The Mid cap and Small cap indices were up by 0.78% and 1.11% respectively. The breadth of the market was positive and the total turnover recorded at Rs.1,02,680 Cr. The Sept future ended with 3 points discount
World stock markets news summary (US, UK, Europe, Asia) (September 02, 2010)
Nationwide House Prices SA (Aug) M/M -0.9% vs. Exp. -0.3% (Prev. -0.5%); NSA (Aug) Y/Y 3.9% vs. Exp. 4.9% (Prev. 6.6%) (RTRS) UK house prices fell the most in six months in August as increased supply of property gave buyers more bargaining power, according to Nationwide Building Society.Britain’s deficit is constraining public finances, says IMF report. (Independent) Britain’s public finances remain “constrained” and among the most precarious of the major advanced economies, the International Monetary Fund (IMF) warned yesterday. Ranking nations by their “fiscal space” – the insulation that they have against further unforeseen shocks to their economic systems – the IMF said the UK was only one notch above those countries most commonly thought of as being bust.
| |
|
|
| Stocks Recommendations |
Godrej Properties IPO review and analysis by Angel Broking, 9 December 2009
Godrej Properties Limited (GPL) intends to develop its projects through joint development agreements with land owners. Under this asset-light model, GPL will enter into revenue, profit or area-sharing agreements with land owners, instead of an outright purchase of the land. This model avoids direct land dealings for GPL and the locking-up of extensive capital in land. Around 80% of GPL's existing land bank will be executed through joint developments with partners. The Godrej brand name has been associated with quality and strong corporate governance. Both of its existing listed entities, Godrej Consumer Products and Godrej Industries have given CAGR Returns of 48% and 77%, respectively, to investors since 2001. We believe that GPL could leverage its parentage brand (with respect to access to the land at Vikhroli and a strong customer preference towards it), assuring a timely delivery of execution. More than 50% of GPL's existing land bank is exposed towards township projects and in one location (Ahmedabad), which will be executed over the next ten years. Any delay in this execution or a fall in property prices in Ahmedabad will impact our NAV estimates, as 50% of our NAV is derived from this project.
JSW Energy Ltd IPO review and analysis by Nirmal Bang, 8 December 2009
JSW Energy Ltd. (JSWEL) is a power project development company, which is developing, and will operate and maintain, power projects in India. The company has two thermal power projects under operation, with a combined installed capacity of 860 MW. JSWEL is a part of the JSW Group, a leading business group in India. JSW Group has a presence in high growth sector like Steel, Energy, Aluminium, Cement, Infrastructure and Logistics. Post IPO holding of Promoter and Promoter Group would be 78.12%
JSW Energy IPO review and analysis by Angel Broking, 7 December 2009
JSW Energy (JSWEL) currently has operational capacity of 995MW and is in the process of executing projects with capacity of 2,655MW. In addition, the company has 7,740MW power generation projects at an early stage of development. A major portion (2,145MW) of JSWEL’s upcoming capacities is expected to be operational by FY2011E thereby providing near-term visibility. Out of the plants under construction, the company expects to commission 570MW by end FY2010E, while another 1,575MW is expected to get operational in FY2011E. Thus, a robust portfolio and near-term Revenue visibility is a major positive for the company.
Surgutneftegas: Currency rates are putting away the dividends..., 26 November 2009
We have revised our model of Surgutneftegas. The reason for that was the output of the 3Q 2009 report, correction of our suppositions of the company’s future development, and also the postponing of the target time and evaluation one year forward. Particularly, in our model of Surgutneftegas we have corrected the former forecast of income for the current year towards reduction: on EBIT – by 2.2%, on the net profit – by 21.5%. Mainly that happened due to the corrections on the operating estimates, and also due to the continuing strengthening of Russian ruble, which, considering significant dollar liquidity of the company, turns into negative currency exchange. Due to the negative currency exchange precisely For the second quarter in a row Surgutneftegas shows low level of the net profit. The fourth quarter, as we see it, will not make an exception and we expect negative currency exchange similar to the ones in the third quarter.
Gazprom: Having passed the bottom, 23 November 2009
We have revised our estimation of Gazprom’s shares. The reason for up-dating the company’s model was the report by IAS for 1H 2009, the budget draft for the next year and corrections of WACC method calculation. The provided financial report of the gas monopoly totally brought no surprises. As it has been expected, the second quarter was worse than the first one and likely was the weakest within the whole year. In 1H 2009 the financial estimates were affected by the decline of the gas sale at all markets by 22.3% average, and by the reduction of the retail price of gas by 9.6% in the state of the far abroad and by 24% in Russia. As a result within the six months of the year 2009 sales slipped by 24.1 bn USD or by 32.8% and formed 49.285 bn USD, operating profit and EBITDA showed reduction by 56.7% and 52.6% respectively and formed 12.98 bn USD and 16.18 bn USD.
Cox and Kings IPO review, analysis and recommendation, 18 November 2009
Cox and Kings proposes to make its IPO in the price band of Rs316-330/share, at a face value of Rs10 each, and to issue 1.85cr shares, of which 30.5lakh shares are offered for sale by Lehman Brothers Opportunity, Deutsche Securities Mauritius and Merrill Lynch Capital Markets Espana. Therefore, the fresh issue by the company will be to the extent of 1.55cr shares. The company plans to use the proceeds for debt repayment (Rs129.6cr), acquisitions and other strategic initiatives (Rs150cr), investment in overseas subsidiaries (Rs62.5cr), and investment in corporate offices and upgrading its existing operations (Rs60cr).
| | News |
Tandy Leather Factory, Inc. Reports August 2010 Sales Up 7% Over August 2009, 3 September 2010
UTi Worldwide Reports Fiscal 2011 Second Quarter Results, 3 September 2010
SectorWatch.biz: An Energetic Chorus of Optimism, 3 September 2010
Duckwall-ALCO Stores Reports August Sales Results, 3 September 2010
On Track Innovations, Ltd (OTI) to Present at Rodman & Renshaw Annual Global Investment Conference, 3 September 2010
|
|
