Russian stock market morning report by Veles Capital (June 25, 2009, Thursday, 7.30 a.m. GMT)
On Wednesday the domestic market was recovering from the two-day drop. Sberbank was the leader: the shares of the company showed highest adding by the end of the day and were of the most demand on behalf of the trade participants. Against the background of climbing oil prices life returned to the oil-and-gas sector: Gazprom, LUKOIL and Rosneft added 3-5%. On the threshold of stats output on the orders of long-term goods in the U.S. the RTS index drifted in the range of 945-950 points, however, the unexpectedly good results provoked upping to 960 points.
Main news
NOVATEK wants to work with Total.
The French concern Total signed with NOVATEK the main terms of the deal on purchasing 49% of the participation share in Terneftegas, JSC (a 100% subsidiary of NOVATEK) for the joint development of the Termokarstovoe deposit, imparts the press-release of NOVATEK.
In 2009 Gazprom will sell less gas to the abroad.
Export of Gazprom’s gas to the far abroad in 2009 is planned to be at the level of 142.1 bn cubic meters versus 158.8 bn cubic meters in 2008, stated the deputy-chairman of Gazprom’s board, CEO of Gazpro Export Alexander Medvedev at the press-conference, imparts Interfax.
Other news
- Mechel corrected the investment program for 2009-2012, and will invest 2.9 bn USD.
Mechel Group plans to direct 2.9 bn USD within the framework of the investment program for 2009-2012, 1.4 bn USD out of which will be directed to the mining segment, 1.2 bn USD – to the steel smelting, 110 mn USD – to Ferro-smelting and about 36 mn USD – to the energy sector.
- NMTP summed up the results of 1Q 2009 by IAS.
Net profit of Novorossiyskiy sea trade port (NMTP) lost 40.1% by IAS in 1Q 2009 versus the similar estimate of the previous year to 33.732 mn USD.
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Russian stock market daily evening report (September 01, 2010, Wednesday)
Weak growth goes on at the market versus relatively calm foreign background. AvtoVAZ still is the favorite note showing quotes growth acceleration without any visible reason. The telecommunication companies are drop leaders, headed by Sibirtelecom, where the shreholders register was closed yesterday.
Considering therapid beginning of Fall at american grounds, the russian investors might likely continue play upwards also.
Russian stock market daily morning report (August 31, 2010, Tuesday)
The trading week began actively at the Russian share market. The foreign background was favorable to the shares, oil was climbing, which leaded to the good open. Among all the shares being traded we should outline the preferred shares of Rostelecom, which added a bit less than 10% due to information on possible change of dividend policy relating the preferred shares. Along with that, the shares of IRC Svyazinvest were climbing also. We should outline the shares of AvtoVAZ - on Monday the had of government Vladimir Putin announced continuation of import duties for cars raise, which definitely is positive for the car-maker and leaded to its quotes growth.
Russian stock market daily evening report (August 31, 2010, Tuesday)
Once again slight drop took place at the market following the impact of fall at the U.S. and Asian markets. Support still comes on behalf of the climbing oil prices. The shares of Rostelecom were climbing due to old news on dividends. Also demand remained in other telecommunication companies' shares. We do not exclude a neutral open of the market with possibilitty of further climbing following the oil quotes.
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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.
Rostelecom: Prospects are limited again, 11 November 2009
On Monday Rostelecom summed up the results of 1H 2009 by IAS. According to the report, the sales within the half year year grew by 4.4% versus 1H 2008 and formed 32.8 bn RUR. Net profit dropped from 9.8 bn RUR to 1.5 bn RUR. OIBDA margin reduced by 7.6 p.p. to the level of 17.6%.
| | Russian News |
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
VTB releases neutral 9M 2009 IFRS results, 21 December 2009
Gazpromneft, Tatneft, MMK news brief, 17 December 2009
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