11:16Acron: strong 1H 2008 financials to RAS
We are upbeat on the 1H 2008 RAS financials reported by Acron. The statement says net profit quadrupled y-o-y. The company cited high mineral fertilizer prices on world markets, slow growth in its expenses and production expansion as cause for the strong financial performance, which is sure to have a positive impact on the company's fundamental value. However, in short term, the company's stock valuations will likely be under pressure from unfavorable market trends.
11:14RusHydro consolidates retail assets and creates an investment committee
The creation of an investment committee and the consolidation of energy retail assets should reduce the risk of overgrowth in the company's investment program and hedge the genco's retail activities, which should have a positive impact on RusHydro operations.
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