Sector "Chemicals & Petrochemicals"

Equity research notes on the sector

07/03/2008  Uralkali: advancing to a new level 
Research note also related to: Mineral Fertilizers, Uralkali

06/18/2008  Ammofos: unattractive offer 
Research note also related to: Mineral Fertilizers, Ammophos

06/03/2008  Kuibyshevazot: Strong pace of growth 
Research note also related to: Mineral Fertilizers, KuibyshevAzot

04/18/2008  What does the buyout of Novomoskovsk Azot and Nevinnomysk Azot 
Research note also related to: Mineral Fertilizers, Novomoskovsky Azot

01/29/2008  Russian glass industry: Transparent profits 
Research note also related to: Mineral Fertilizers, Ammophos

Performance of the investment ideas presented in the equity research note: Shares Price on the day of idea release* Target price Current price* Current returns Highest returns Ammophos -- 265 95 -- --

12/03/2007  Metafrax: Expecting new records 
Research note also related to: Organic Synthesis Products, Metafrax

Performance of the investment ideas presented in the equity research note: Shares Price on the day of idea release* Target price Current price* Current returns Highest returns Metafrax -- 2,4 0,70 -- --

11/26/2007  KuibyshevAzot: An ambitious new comer in the stock market 
Research note also related to: Mineral Fertilizers, KuibyshevAzot

Performance of the investment ideas presented in the equity research note: Shares Price on the day of idea release* Target price Current price* Current returns Highest returns KuibyshevAzot 2,14 3,25 2,1 -1,9% 134,1% KuibyshevAzot (pref) 1,425 2,05 1,65 15,8% 57,9%

10/10/2007  UralKaly: No Limit to Perfection 
Research note also related to: Mineral Fertilizers, Uralkali

Performance of the investment ideas presented in the equity research note: Shares Price on the day of idea release* Target price Current price* Current returns Highest returns Uralkali -- 4,38 3,58 -- --

08/07/2007  Azot (Berezniki): Asset Changing Hands 
Research note also related to: Mineral Fertilizers, Azot (Perm region)

Performance of the investment ideas presented in the equity research note: Shares Price on the day of idea release* Target price Current price* Current returns Highest returns Azot (Perm region) -- 1 110 927,5 -- --

07/30/2007  Bashkir Refineries: Promising Assets with Upbeat Prospects 
Research note also related to: Oil and Gas Refining, Novo Ufimsky Refinery, Ufa oil refinery, Ufaneftekhim

Performance of the investment ideas presented in the equity research note: Shares Price on the day of idea release* Target price Current price* Current returns Highest returns Novoil -- 2,39 0,98 -- -- Novoil (pref) -- 1,46 0,35 -- -- Ufa oil refinery 1,575 2,75 0,82 -47,9% 26,0% Ufa oil refinery (pref) -- 1,57 0,49 -- -- Ufaneftekhim -- 5,54 2,675 -- -- Ufaneftekhim (pref) -- 3,27 0,98 -- --

*Market prices are given either as the prices of the last transactions in a previous session on an exchange (MICEX and RTS) or the average between the best ask price and the best bid price on RTS as of a previous session's close.