10:47Polymetal reports robust production results for 2Q 2008
The 2Q 2008 production results reported by Polymetal reveal steady growth in its gold mining operations and compliance with its production expansion target for 2008. We retain our positive outlook on the company's prospects and look upon the planned production growth, as well as the steadily high precious metal prices, as positive factors for the company.
10:38Polyus Gold publishes positive operating results for 1H 2008
Polyus Gold reported production and sales growth in 1H 2008, citing processing capacity expansion and high market prices on metals. The results showed that the company's main shareholders are serious in their intention to boost production, taking advantage of the company's large reserves and its licenses for the development of deposits.
10:35Saturn to take on orders for power generating turbines
New orders for power generation equipment are to enable the Saturn Research & Production Company to raise its consolidated revenue and profit indices, which should have a beneficial effect on its fundamental value.
Saturn Common shares:
Price: $0,075
Target price: $0,13 Recommendation:Buy
07/23/2008Acron unveils floatation price range: USD 120-150 per share
Thanks to a moderate price range, the shares will most likely be floated close to the upper limit of this range, which should lend support to Acron’s current stock valuations.
07/23/2008OGK-2 to get new managers
The urgent formation of a new managerial team for OGK-2, following the withdrawal of practically all its previous top managers, reduces the risk the company will become unmanageable and sends a positive signal to the market.
07/23/2008ÌÌÊ to complete plant in St. Petersburg ahead of schedule
The Magnitogorsk Iron & Steel Works (ÌÌÊ) plans to complete its St. Petersburg metallurgical plant ahead of schedule. We view the news as positive for the company’s fundamental attractiveness, given that the company is energetically implementing its investment projects aimed at building production capacity rather than taking over existing companies.
07/23/2008MTS faces tax claims
We are relatively neutral on the new back-tax claims against MTS: on the one hand, additional tax charges have become a common practice in the telecommunications market; on the other hand, their size is relatively insignificant for the company.
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