Research Notes
Sberbank announces strong 4M 09 financials
| 29.05.09 |
We believe that the financial results of Sberbank show its stable position despite adverse conditions in the banking sector, which should please the market.
We confirm our BUY rating on Sberbank common shares, with a target price of USD 2.02 per share in 12 months. We recommend that investors HOLD Sberbank preferred shares, with a target price of USD 0.77 per share in 12 months.
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Sector: Financial sectorCompany: Sberbank of Russia