Jpmorgan Emerging Europe... Share Discussion Threads

[loganair] 03/4/2024 12:35

Latest price of Russian oil:

ESPO - $84.09
Sokol -$82.01
Urals -$72.47

All 3 well above the Western $60 price cap.

[loganair] 03/4/2024 11:52

The MOEX Russia Index rose 0.4% to 3,385 on Wednesday, following the muted session and hovering at its highest level since before the war, as increased oil prices and stabilized ruble supported exporters shares. Also, miners continued to benefit from a rally in metals.

Among individual stocks, Aeroflot (4.7%), Polymetal (3.2%), VK (1.9%), Polus (1.9%), and Yandex (1.7%) rose the most.

In contrast, GLTR (-2%), Surgut (-0.5%), and Novatek (-0.4%) declined.

On the macroeconomic front, investors digested fresh Services PMI while awaiting business confidence indicator later in the day. Although the country's services sector expanded for 14th month, it was the second-weakest growth in the sequence.

[loganair] 02/4/2024 20:15

President Putin instructed the government to increase the level of gross added value in the manufacturing industry by at least 40% by 2030 compared to 2022, reduce the share of imports in GDP to 17%, and increase non-resource and non-energy exports by at least two-thirds. The government should also gradually reduce the number of regions with low fiscal capacity, the text of the order says.

[loganair] 02/4/2024 11:17

The MOEX Russia Index traded flat at 3,360 on Tuesday after recording its highest level in over-two-years in the previous session, as investors took a breather in anticipation of dividends and more market drivers. The IT sector led the advance, continuing to benefit from news about the increase of the limit on IT mortgages to 700 billion rubles. Also, miners & metals posted solid wins, driven by elevated metal prices.

Among individual stocks, Seligdar (2.8%), GLTR (2.4%), Surgut (1.4%), Positive Group (1.4%), and Polus (1.3%) were the top performers.

However, Aeroflot (-2.3%), PIK (-1.4%), AFK Sistema (-1%), and Rostelecom (-0.9%) declined. Also, Novatek shares dropped after it became known the company cut sharply its gas output at Arctic LNG 2 project.

[loganair] 29/3/2024 10:03

The MOEX Russia Index was close to the flatline at the 3,310 level on Friday, loosely holding the gains from the week as markets continued to assess the latest corporate developments and expectations for dividend payouts.

Rostelecom extended its strong momentum and added close to 1%, trading at its highest since 2021 amid expectations of a strong dividend payout and an IPO for one of its subsidiaries. In the meantime, Polus also added close to 1% to lead the gains among heavyweight miners, continuing to benefit from record-high gold prices.

On the other hand, Severstal dropped 1% as low steel demand from China pressured the metal’s prices to multi-year lows. Also, Lukoil hovered close to the flatline after the Russian Association of Bond Owners appealed to the Bank of Russia over the oil giant’s lack of insights on 2022 results in its recently published 2023 earnings document.

Russia's benchmark stock index is set to gain 6.8% in the first quarter.

[loganair] 28/3/2024 11:53

The MOEX Russia index rose 0.15% to 3,310 on Thursday. Among sectors, IT, construction, and transport posted wins, while consumer goods and metals & mining declined.

As for individual stocks, Rosneft (1.1%), Unipro (1%), AFK Sistema (1%) and Sberbank (1%) grew the most. Today Rosneft will be holding the meeting to decide on future strategy and share buyback program.

The main laggards on the corporate front were Ros Agro (-0.9%), Sovcomflot (-0.9%), Severstal (-0.8%), and Rosseti (-0.7%). Also, Alrosa traded in the red on the backdrop of purchase of the first patch of diamonds by the Ministry of Finance, a measure adopted to cushion the impact of sanctions.

[loganair] 27/3/2024 10:02

The MOEX Russia index rose 0.1% to 3,280 on Wednesday, weighed down by unfavorable geopolitical situation, as drone attacks on energy facilities continued and sanctions from EU caused delays in payment for crude and fuel from China, UAE and Turkey. The IT and financials sectors recorded modest wins, while construction and transport slid.

Among individual stocks, Seligdar (-1%), Positive Group (-1%), AFK Sistema (-0.9%), Polus (-0.7%), and MosEnergo (-0.7%) were the main underperformers.

In contrast, Samolet (1.7%) and Aeroflot (1.2%) advanced.

[brwo349] 27/3/2024 09:05

Very happy to see Ukraine, Georgia and Poland all qualify for the Euros


Proper countries. Meanwhile the pariahs Russia, North Korea, Iran and Transnistria(pmsl) will be hosting an alternative football tournament this summer called the "Friendship Games". LOL.

[1917again] 26/3/2024 15:56

Shooting fish in a barrel!, maybe more apt

[loganair] 26/3/2024 12:54

The MOEX Russia index traded flat at around 3,285 on Tuesday, unable to prolong yesterday's positive momentum due to the loss of support from higher oil prices. The gains in the IT, transport and telecommunications sectors were offset by declines in oil & gas and construction.

Among individual stocks, Rostelecom (1.9%), Rosseti (1.8%), PIK (1.6%), and TCS (1.5%) advanced. Also, AFK Sistema recorded wins, continuing its rally amid expectations of the IPO of the company's subsidiaries - MTS Bank and Element Group of Companies.

Meanwhile, Novatek (-3.4%), EN+ (-0.8%), Segezha (-0.8%), and Rosneft (-0.6%) dropped, with the former going ex-dividend. At the same time, Gazprom decreased by 0.9%, despite acquiring Shell's 27.5% stake in the Sakhalin 2 LNG project.

[brwo349] 25/3/2024 20:04

This is turning into a turkey shoot! Another ship, the 312ft long Ivan Khurs, also likely been hit as well.

[1917again] 25/3/2024 11:24

Russian evidenced equipment losses exceeded 15,035 now on Oryx, quite amazing

And these are only evidenced photo/video ones, real losses be much higher

2856 tanks
3677 IFVs
1273 AFVs
353 artillery (towed)
706 artillery (self-propelled)
361 MLRS systems
106 Aircraft
135 Helicopters

And of course quite a few of the Black Sea fleet have become seabed diving attractions

[brwo349] 24/3/2024 19:48

Zelensky hits back after Russia links Ukraine to Moscow attack

24/03/24


Zelensky points out the obvious to the Russian leadership, which he rightly refers to as "scum". That is anyone trying to flee across the Ukrainian border, an active front line, teeming with soldiers and millions of land mines, must be mad.

[brwo349] 24/3/2024 17:46

Oh dear. Another 2 Russian warships gone. At this rate the Black Sea Fleet is going to consist of a couple of rowing boats.

Black Sea Fleet nightmare for Putin after Ukraine destroys two 112-metre-long warships
Story by Alessandra Scotto di Santolo
24/03/24

[brwo349] 23/3/2024 22:28

Gangster Putin trying to implicate Ukraine in the Moscow concert bombing.

I bet he's forgotten about the hundreds killed in the Mariupol theatre bombing.

[1917again] 23/3/2024 17:29

ISIS are striking freely in Moscow, while the FSB arrest & torture Ukrainians for stating Putin is a war criminal

[1998 crisis mk2] 22/3/2024 20:53

Oh dear, logliar is on about the Jackanory fictional "S" account again

Anybody fancy buying some moon dust, I have plenty for sale

[loganair] 22/3/2024 14:13

Lukoil Dividend:

498 rub x 624,396 shares = 310,109,860 rub into JEMA's "S" Account = circa £2.7mln = circa 6.68p per share at an Exchange rate of 115 RUB to GBP.


As of 24th January 2024 at 115 RUB to GBP JEMA's "S" Account = 60.3p per share.

[loganair] 22/3/2024 14:02

The Russia index edged down 0.5% to 3,270 on Friday, giving back morning gains, as investors weighed the CBR's monetary decision. The country's central lender held the key interest rate at 16%, as expected but warned interest rates would have to remain elevated longer since inflation risks remain high amid labor market crisis and robust domestic demand. Analysts now see the chance of a first interest rate reduction no sooner than June.

On the corporate front, VK (-3%) and Segezha (-2.5%) were the most bearish, with the former suffering a hit after the company reported its net loss grew to 5.5 billion rubles in 2023. Additionally, Lukoil and X5 traded in the red due to unfulfilled dividend expectations.

Lukoil's Board of Directors recommended final dividends for 2023 in the amount of 498 rubles compared to the consensus of 686.4 rubles.

On the side of wins, Surgut (1.9%), Moex (1.6%), PIK (1.3%), and Yandex (0.8%) rose. Weekly, the index was set to end 0.6% lower.

[brwo349] 22/3/2024 10:45

Why time is not on Russia’s side
BY ALEXANDER J. MOTYL, OPINION CONTRIBUTOR - 03/18/24 2:30 PM ET