Sector "Transportation"

Equity research notes on the sector

07/11/2008  FESCO SPO: Promising business at a reasonable 

03/18/2008  UTAIR Picks Up Speed 
Research note also related to: Utair Airlines

12/18/2007  UTair: A diversified air carrier 
Research note also related to: Utair Airlines

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 UTair -- 1,16 -- -- --

11/14/2007  NSCP: Market Value Tops Fundamental Value 
Research note also related to: Novorossiysk Commercial Sea Port

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 NSCP -- 0,15 0,10 -- --

10/29/2007  Novoship: Reassessing the Risks 
Research note also related to: Novoship

10/16/2007  Shipping Companies: Global Freight Market is Expanding 
Research note also related to: Far Eastern Shipping Company, Murmansk Shipping Company, Novoship, Primorsk Shipping Corporation

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 Murmansk Shipping Company -- 263 90,01 -- -- Primorsk Shipping Corporation -- 0,55 0,28 -- --

06/19/2007  Novorossiysk Sea Commercial Port: Improving in the Eyes of Investors 
Research note also related to: Novorossiysk Commercial Sea Port

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 NSCP -- 0,075 0,10 -- --

06/08/2007  Novoship Boosts Earnings 
Research note also related to: Novoship

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 Novoship -- 2,8 2,4 -- -- Novoship (pref) -- 1,64 0,53 -- --

05/03/2007  FESCO: Major Changes 
Research note also related to: Far Eastern Shipping Company

03/27/2007  Novorossiysk Sea Commercial Port: A Safe Haven 
Research note also related to: Novorossiysk Commercial Sea Port

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 NSCP -- 0,063 -- -- --

*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.