Daily analyst comments

12:57 NLMK acquires trading companies from United Steel Group

Novolipetsk Steel has wrapped up its acquisition of two trading companies for EUR 77.1 bn. In our opinion, this transaction is to eliminate uncertainty in respect of control over NLMK's product distribution channels. However, the deal was expected by the market and is not likely to produce any significant impact on the company's stock valuations.

Novolipetsk Steel

Common shares
Rating	Buy
Price	3,03 $
Target price	4,10 $

11:20 Pharmacy Chain 36.6 is set to sell EMC

We are upbeat on Pharmacy Chain 36.6's sale of European Medical Center and believe that the proceeds will help deleverage the company. In our view, this transaction could lend support to Pharmacy Chain 36.6's stock valuations in the short term.

Pharmacy Chain 36,6

Common shares
Price	2,62 $

11:17 New telecommunications ministry: should one say goodby to privatization of Svyazinvest ?

The departure of one of the most outspoken proponents of Svyazinvest privatization from the post of telecoms minister does not bode well for privatization of the company. We believe that privatization of Svyazinvest is unlikely to get going under the new minister, while the state is to continue to strengthen its position in the industry.

VolgaTelecom

Common shares
Price	3,42 $

Preferred shares
Price	2,91 $

Far East Telecom

Common shares
Price	3,25 $

Preferred shares
Price	2,88 $

Rostelecom

Common shares
Price	3,98 $

Preferred shares
Price	3,43 $

North-West Telecom

Common shares
Price	0,74 $

Preferred shares
Price	0,64 $

SibirTelecom

Common shares
Price	0,064 $

Preferred shares
Price	0,055 $

Uralsvyazinform

Common shares
Price	0,036 $

Preferred shares
Price	0,031 $

CenterTelecom

Common shares
Price	0,78 $

Preferred shares
Price	0,67 $

Southern Telecommunication

Common shares
Price	0,16 $

Preferred shares
Price	0,14 $