Daily analyst comments
We expect a positive market response to the company’s intention to resume dividend payouts, despite a low dividend yield.
Wimm-Bill-Dann
The company plans to launch the new plate mill on schedule, in 2011. The assembly of basic components is to be started in as early as 2H2010. We are upbeat on Vyksa plant’s efforts to reinforce its vertical integration.
Vyksa Metallurgical Plant
Operating results from UTair for February 2010 show steady growth in helicopter cargo operations, its most profitable segment. In addition, the company continued to expand into the passenger transport market by enlarging its route network and running an aggressive tariff policy.
UTair
In light of the terms of the deal that were announced, Fortum is likely to sell its holding in Petersburg Supply Company below the market, which could put pressure on the latter’s stock prices. At the same time, there are a number of drivers that could spur up investors’ interest in company shares.
St-Petersburg Supply Company
Financial results from Novatek have outpaced market expectations, both on revenue, EBITDA and net income. In contrast to most oil companies, Novatek has managed to show growth in profitability and continues to lead the O& G industry in profit margin terms.
Novatek
A new contract should be positive for Apatit and Ammofos financials. Apatit is to become the key beneficiary of fertilizer sales, and Ammofos should get a chance to increase capacity load and receive additional income from the processing of feedstock.
Apatit
The February 2010 operating results reported by NCSP show an upturn in cargo turnover y-o-y. At the same time, we note that growth in the port’s monthly turnover was flatter than the sector average. Among key upward trends in January-February, we point out growth in container cargo turnover, along with the growth of imports to Russia.
NSCP