Economic, Strategy

All equity research notes

04/03/2008  Investments in a time of ‘cloud and sunny spells' 

12/24/2007  Ammofos: gold shining phosphates 

10/03/2007  October –December 2007 Strategy: A Time for Promising Acquisitions in 2008 

04/04/2007  Q207 Strategy: Time to Buy into Second-Tiers 

12/18/2006  2007 Strategy: Rising Domestic Consumer Demand Will Boost Stock Market 

10/05/2006  Strategy: October-December 2006 

07/06/2006  Strategy: July-September 2006. Summer Races – Bets Are on Second-Tiers! 

04/05/2006  April-June 2006. Russian Assets Are Still Hot to Trot! 

01/18/2006  Investment Appeal Rating of Russia’s Economic Sectors 

12/27/2005  Strategic Outlook for 2006: Castling. Second-Tiers Take the Limelight. 

09/23/2005  Strategy: October-December, 2005 

07/28/2005  Strategy: July-September 2005 

07/06/2005  Benchmark RTS: A Forecast Based on Macroeconomic Factors 

12/29/2004  2004 Results. Forecasts and Recommendations for 2005. 

06/29/2004  The structure of our model portfolio for low liquidity stocks remains unchanged. 

03/11/2004  Our model portfolio has surged 57% since November 25, 2003, while by contrast benchmark RTS gained 30% over the same period. 

02/06/2004  Our low-liquidity model portfolio rose 4.08% from January 30-February 5, 2004 mainly on the back of regional utility companies. By contrast, benchmark RTS rose by 2.45% over the same period. 

01/16/2004  Domestic macroeconomics not looking up for the Russian stock market this year. 

11/25/2003  Analysis of the principal advantages of investing in low-liquidity shares and forming a low-liquidity stock portfolio. 

11/11/2003  Macroeconomic trends: overall dynamics of the emerging markets and the commodities market