[06 Jun 2008|01:25am] • Marked snapped 3 days of declines after nervous volatile session. • Despite early pessimism, market has found some support at 2330 RTS, the level which can be a support in the near-term. • Oil closed up 5% and US stocks jumped max in the month, so the Russian stock market may return to uptrend Friday. • Last four days we saw a lot of short sellers in the market, and a lot of quits of oil stocks. • So now we can see some returning investors and short cover. • The way to 2500 RTS looks quick and easy. • • TATN and NVTK were outperformers which closed up 1.9% and 1.5% respectively. • MTS looks good +0.7% • URKA has its own life and went up 0.6%. • Steel companies look weak. News • Troika raised its RTS forecast for year-end by 25% to 3000. o Oil rose 39% percent o Analysts raised 2008EPS growth to 39% o If RTS reaches 3000 level, P/E multiple will equal 11.5. o Troika loves gas companies, metals • Sergey Bogdanchikov, CEO of Rosneft, appeared today before shareholders at the Rosneft’s AGM o He said ROSN plans capital spending this year of 217B rub o Dividend policy will be changed after 2010. o The company plans to raise production 30% to 130 mt o A day before, S.B. told reporters that he sees Rosneft capitalization at $200B in coming years. o Current MCAP is $120B, 40% higher than Lukoil. o Rosneft will post its 1Q results on Monday, 9th June. o RenCap estimate profit at the level of $2505 o It’s interesting to note that ROSN has profit 20% lower than Lukoil has but ROSN valued much higher. o Troika said that ROSN trades with a premium because of good prospects its production growth. o Karabas Barabas said in the private talk that ROSN has younger oil deposits and hasn’t problem with so much capital spending. • GMKN is to publish its 2007IFRS results in coming week. o Net may rose 21% to $7.22B o The company demonstrates outstanding margins: o EBITDA margin may equal 65% (vs 40% from BHP Biliton) and Net margin at 45% vs BHP’s 45%. o GMKN stopped its slump with a small gain. • PIK group fell more than 5% in London on plans to issue new shares. o PIK is looking for financing to fund $280M payment for land plots in SPB and Izhevsk. o Troika has PIK as the favorite stock among homebuilders and targeting $38. • CMST profit rose 24% to $54.1M (+23% over consensus) o Unicredit Aton wrote in the note to its clients that CMST is the top pick in telecoms with target price $16.4 and upside potential 43%. o Uralsib sees only 14% upside. • SPTL posted eighfold growth in 1Q profit. o Shares dropped 0.7%. o SPTL is totally forgotten by investors. • Lehman raises Lukoil price target to $115 from $105 despite results, which came below consensus. o Troika sees LKOH at $124 o Alfa Bank has a target at $155 o Market=$101.5 o LKOH under pressure after results posted Thursday. o Brokers told about intl sellers in LKOH. 11 comments|post comment

Экскурсия по новому Питеру. [06 Jun 2008|11:34pm] А вот и фотографии, которые я сделал на прошлой неделе, когда отдыхал в Питере. Сюда я выкладываю то новое, что изменилось в родном городе за те пару лет, что я там не живу. ( продолжение ) 16 comments|post comment

navigation [ viewing | June 6th, 2008 ] [ go | previous day|next day ]