grandiscapital top10 20101012 eng
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8/8/2019 GrandisCapital Top10 20101012 ENG
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Economy PreviewTop 10
12 October 2010 S INE IRA ET S TUDIO/ OBJECT IVELY
TOP10, October 2010
Focus on the companies
targeting the domestic marketWe have the pleasure of bringing to your notice a monthly list of securities of greatest interest for buying.
share
Current
price,
USD
Target
price,
USD
Growth
potential, % Investment ideaSurgutneftegas preferredSNGSP RU Equity 0.51 0.71 40%
Defensive company thanks to its cash position of nearlyUSD 20bn, dividend income in 2010 may amount to 10%.The current discount to ordinaries is 1.5 times above thehistorical average.
LUKOILLKOH RU Equity
58.1 87.6 51%
Wise development strategy (gas, refining). The cheapestRussian oil company.
IDGC HoldingMRKH RU Equity 0.155 0.22 42%
The company's stocks are fundamentally attractive andlikely to be included in MSCI index, which couldpromote growth.
KuzbassrazrezugolKZRU RU Equity 0.3 0.8 121% Strong position in the thermal coal market and outlook ofgrowing financial indicators. Fundamental
undervaluation.
Kovrov MechanicalPlantKVMZ RU Equity
86 117 36%Development of the nuclear industry will drive thegrowth of demand for gas centrifuges required foruranium enrichment.
AeroflotAFLT RU Equity 2.21 3.1 40%
Strong operational results, cost management, benefitsfrom the removal of import duties on foreign aircrafts.
NCSPNMTP RU Equity 0.126 0.195 55%
Arrival of Transneft and ban on grain export resulted inexcessive sales of the company's stock.
LSR GroupLSRG RU Equity
27.35 42 54%
Diversified business model (vertically integrated). Low
debt burden. Improved operational indicators amidgrowing demand for working-class housing. Positiveprice trend for residential housing since early this year.Leading positions in the region.
PharmstandardPHST RU Equity
80.85 100 24%
Leading positions in the pharma market, highoperational indicators and stable cash flows. Thecompany is planning to expand its pharma portfoliothrough acquisitions of promising drugs in Russia andCIS, as well as through R&D investments.
Cherkizovo GroupGCHE RU Equity
28 34.7 24%
Strong financial performance, expansion of porkproduction capacity, improved operational indicators ofmeat processing.
*As of 11 October, 2010
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TOP-10, OCTOBER 2010 12 October, 2010
2010 OOO Grandis Capital Investment Company 2
6 Puteisky Tupik, Moscow, 105064tel.: +7 495 287 44 07, fax: +7 (495) 287 44 07
www.grandiscapital.ru,[email protected]
Financial Markets
Mikhail KozakovDirector of the Department
Sales Division Analytics Division
Anton MakarovDeputy Head of the DepartmentHead of the Sales [email protected]
Denis BarabanovHead of the Division
Dmitry ShatskyHead of the Sales [email protected]
Timur Khairullin, CFADeputy Head of the Division
Konstantin LynovLeading expert, Sales Division
Irina ProkopievaAnalyst
Denis VakhrushevLeading expert, Sales [email protected]
Customer Relations Division
Ekaterina KharchenkoHead of the Customer Relations Division
Portfolio Investments Division Exchange Operations Division
Dmitry IvanovHead of the Portfolio Investments [email protected]
Maxim BersenevHead of the Exchange Operations Division
Andrey TolstousovAsset ManagerPortfolio Investments [email protected]
Mikhail KanSenior Trader
2010 Grandis Capital. All rights reserved.Warning: risk of loss. Investments in stock and any other securities may result in losses. Investments in bonds and debt instruments may result in losses due to reduced value of bonds, and unexpected loss, which may arise from full orpartial default of the issuer (the enterprise's refusal to service its debts). In case of a default or bankruptcy of the issuer, losses may amount to 100% of the investment. Investments in stock may result in losses due to reduced market value of thestock. Owing to the bankruptcy of the issuer, losses may amount to 100% of the investment. Investments in derivatives (futures or options) may result in losses. Losses may stem from changes in the market value of the underlying asset.Losses may amount to 100% of the investment (margin).
Additional information may be requested. This overview was produced for information purposes only and should not be regarded as an incentive to buy or sell securities. To prepare the overview, Grandis Capital used sources assumed to
be reliable. However, neither the management, nor personnel can guarantee accuracy of these data and can be held liable for possible losses of investors connected with the information contained herein. Remuneration of analysts does notdepend on the advice they provide or opinions they express in analytical reviews. Grandis Capital Investment Company can make transactions with securities mentioned in this review on its own or on behalf of Clients.
OOO Grandis Capital Investment Company
License for dealing operations of a professional securities market participant
Number: 077-11120-010000 (unlimited) Issued by: FSFM of the Russian Federation, Issue date: 01.04.2008
License for securities management of a professional securities market participant
Number: 077-11124-001000 (unlimited) Issued by: FSFM of the Russian Federation, Issue date: 01.04.2008
License for brokerage of a professional securities market participant
Number: 077-11116-100000 (unlimited) Issued by: FSFM of the Russian Federation, Issue date: 01.04.2008
License for depositary operations of a professional securities market participant
Number: 077-11128-000100 (unlimited) Issued by: FSFM of the Russian Federation, Issue date: 01.04.2008
License of a futures and options commission merchant in the exchange trade
Number: 1249 (unlimited) Issued by: FSFM of the Russian Federation, Issue date: 04.09.2008
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