Jpmorgan Emerging Europe... Share Discussion Threads

[loganair] 17/4/2024 17:33

The International Monetary Fund (IMF) has revised its forecast for Russian GDP growth in 2024 upward, increasing it to 3.2%.

[loganair] 17/4/2024 15:08

The MOEX Russia index traded slightly lower at 3,464 on Wednesday, struggling to break out of sideways trend this week since sanctions against Russian metals and lacklustre economic data from the country's key trading partners continued to weigh on the sentiment. However, the elevated oil prices and upwardly revised forecast for Russian GDP growth in 2024 and 2025 by the IMF acted as supporting factors.

Among individual stocks, Seligdar (-2%), Unipro (-1.8%), EN+ (-1.5%), MMK (-1.2%), and PIK (-1.2%) declined.

In contrast, Rosseti (0.8%), NorNickel (0.8%), Positive Group (0.5%), Ros Agro (0.5%), and AFK Sistema (0.4%) advanced. AFK Sistema remained underpinned by the upcoming IPO of MTS Bank, while Positive Group rose after it was known Putin would be holding a meeting with the government on the topic of introducing domestic software today.

[loganair] 16/4/2024 09:01

The MOEX Russia Index traded little changed at 3,470 on Tuesday, as gains in the IT and telecommunications sectors offset losses in miners & metallurgists and oil & gas.

Among individual stocks, Rusal (-1.4%), GLTR (-1.3%), PIK (-1.3%), AFK Sistema (-1.2%), Seligdar (-1.1%) were the most bearish. Also, Polus and EN+ fell by around 1% each, affected by the correction in aluminum and gold prices.

In contrast, Unipro (4.4%), MTS (1.4%), MosEnergo (1.2%), Magnit (1.2%), and Sovcomflot (1.1%) advanced.

Meanwhile, investors remained attentive to NLMK which missed market expectations for revenue and EBITDA in the second half of 2023. The operating results for q1 of 2024 were presented by X5, with revenues and like-for-like sales showing positive dynamics.

[loganair] 15/4/2024 16:55

The MOEX Russia Index rose 0.5% to 3,472 on Monday, picking up the morning pace and following marginal gains in the previous session, as investors discarded the retreat in oil prices and negative geopolitical news and focused on upcoming dividends announcements.

The telecommunications, IT, and transport sectors were leading the increase. Meanwhile, the metals & mining sector recorded losses, affected by the US and UK's decision to impose sanctions against the import of nickel, copper, and aluminium from the Russian Federation. In addition to purchases of these metals from Russia, sanctions ban the London and Chicago Mercantile Exchanges from accepting metal.

Among individual stocks, the top performers were GLTR (6.3%), BSP (3.6%), Ozon (3%), and Surgutneftgas (3%).

In contrast, Seligdar (-3.3%), Nornickel (-1.4%), EN+ (-1.4%), and Polus (-1.1%) dropped.

[loganair] 12/4/2024 14:21

Yesterday mornings price of oil of Russia's main blends.

Urals $78.34
Sokol $83.32
ESPO..$85.95

Todays price will be a little higher.

[loganair] 12/4/2024 09:24

The MOEX Russia Index rose 0.5% to 3,458 on Friday as the rally in commodities continued to underpin miners and metallurgists shares.

Among individual stocks, the top performers were NorNickel (2.4%), Rusal (2%), Seligdar (1.9%), Polus (1.9%), and EN+ (1.8%). Investors also remained attentive to Novatek (0.4%) since the company published its operating results for Q1 of 2024, having increased its liquid hydrocarbon production by unexpected 12.2%. Meanwhile, Alrosa (0.3%) was holding a meeting on dividends recommendation.

On the other hand, Aeroflot (-1.5%) and Mechel (-0.5%) dropped.

Weekly, the index was poised for around 2.0% gain, driven by hopes for upcoming monetary easing by CBR after Nabiullina soft remarks.

[loganair] 11/4/2024 10:09

The MOEX Russia Index traded flat at 3,440 on Thursday, following a rise in the previous session, as investors weighed the remarks of the CBR head and latest CPI data. Nabiullina stated that inflation has already peaked and the monetary easing would begin as soon as the slowdown in price pressures reaches the desired speed. According to March release, the annual inflation rate in Russia remained elevated at 7.7% but matched the market expectations. Meanwhile, lack of other investment options and hopes for higher dividends supported the index.

On the corporate front, the gains were led by Rusal (1.4%), Aeroflot (0.9%), Sovcomflot (0.8%), GLTR (0.7%), and Inter (0.7%).

In contrast, Ozon (-0.8%), Mechel (-0.6%), Samolet (-0.6%), and PIK (-0.5%) declined.

[loganair] 11/4/2024 08:13

Eisenhower the senior U.S. general setting up NATO said:

"If NATO is still around in 10 years then it has failed."

"Europe needs to stand on its own two feet militarily."

"Europe needs to sort its own problems out with the Soviet Union using diplomacy."


In the year 2000, several senior US Generals said that the senior General of NATO now needs to always be European, they can revolve it around different European countries if that's what Europe wishes.

[loganair] 11/4/2024 08:08

The MOEX Russia Index rose to 3,439 on Wednesday driven by improved risk sentiment as investors welcomed the remarks of the CBR head. Nabiullina stated that inflation has already peaked and the monetary easing would begin as soon as the slowdown in price pressures reaches the desired speed and inflation expectations return to normal levels.

Metals & mining and electric utilities sectors were leading the increase, while IT declined.

Among individual stocks, Rusal (5.1%), EN+ (4.4%), and NLMK (3.9%) grew the most. Rusal and EN+ advanced on higher aluminum prices, while NLMK shares spiked after its Board of Directors recommended paying RUB 25.43 per share of dividends per 2023.

In contrast, Polus (-1.3%), AFK Sistema (-1.2%), Samolet (-0.9%), and Seligdar (-0.8%) dropped.

Traders are now awaiting the publication of CPI data due after the closing bell.

[loganair] 09/4/2024 12:42

The MOEX Russia Index rose 0.6% to 3,440 on Tuesday, extending its gains for the second session on the background of positive financial results and elevated oil prices.

The largest increases were recorded by EN+ (2.9%), Etalon (2.9%), Norilsk Nickel (1.5%), AFK Sistema (1.3%), VK (1.3%) and PIK (1.1%). AFK Sistema raised its consolidated revenue by 17% yoy in 2023, but its EBITDA decreased by 13%. Meanwhile, Etalon reached record sales in the first quarter of 2024. Also, Lukoil, Severstal, and Gazprom added nearly 1% each, and Sberbank edged up by 0.4% after presenting operating results for March. The company's net profit grew by 2.6% over the same period in 2023.

On the negative side, Ozon (-1.1%), Aeroflot (-1%), GLTR (-0.8%), and Polymetal (-0.6%) declined. Ozon's net losses expanded to 18.2 billion rubles in Q4 of 2023 from 11.2 billion rubles a year earlier.

[loganair] 08/4/2024 09:45

The MOEX Russia Index rose by 0.7% to 3,420 on Monday, as investors digested business updates and CBR head Nabiullina's comments. During a speech in the State Duma, the official named the second half of the year as the potential timing for the monetary easing.

On the corporate front, the leaders of growth were AFK Sistema (2.8%), Surgut (2.7%), EN+ (2.5%), Rusal (2.3%), and Nornickel (2.2%). The latter resumed trade after the suspension by split.

Investors also remained attentive to Polus (1.6%). On one hand, the company faced pressured from possible increase in the mineral extraction tax from June 1, on the other hand, its revenues were boosted by record gold prices. Meanwhile, Lukoil added around 1% after investing $200 million to conduct joint projects for the development of fields on the Caspian Sea shelf.

On the side of declines, GLTR (-1.9%) and NLMK (-0.8%) dragged. GLTR presented upbeat financial results for 2023, but its dividend payments remained suspended.

[orinocor] 07/4/2024 13:22

It will be more like South Korea and North Korea. If you see the Korean peninsula from space at night the North is almost completely dark whereas the south is lit up like a christmas tree. The fate that awaits those in annexed eastern Ukraine wont be pretty; reduced life expectancy, reduced money in your pocket, poorer living conditions, no political freedoms.

I visited Riga a few years ago. It was like being transported back in time 200 years. The city is beautiful but it looks like something out of a Hansel and Gretal fairytale. There is no financial centre. No high rise buildings. The skyline is dotted with ancient spires. I was sitting in a coffee shop and I kid you not, an old crone, blind as a bat was grabbing the tables trying to find somewhere to sit. Scary but that's what 70 years of Russian rule causes. Anyone who has travelled the short distance over the Baltic from Helsinki to Tallinn will know what I mean. It's like being transported back to the Middle Ages.

[loganair] 07/4/2024 10:14

The head of the German defence ministry said that in the next 12 to 24 months Russia will end up with a further 20% of the Ukraine which will mean Russia ending up with circa 42% of the Ukraine.

Russia holding the whole of the Donbas and oblast of Kharkiv + the whole of the oblasts of Kherson, Zaporizhzhia and Dnipro East of the Dnipro river. However he said nothing about Odessa being Russian.

He seemed to be suggesting that NATO (United States) is discussing this with Russia, letting Russia have these areas of the Ukraine in return for Russia allowing Moldova to join NATO.

He went on to say that the Ukraine will become like post war Germany was like with the Ukraine being split in to East and West Ukraine.

[brwo349] 05/4/2024 19:55

Why is Putin still blaming Ukraine for the Moscow terror attack?
5 April 2024, 3:15pm


Mafia capo Putin as usual gets away with his rank incompetence and blatant lies.

[masergt] 05/4/2024 15:44

Ultra
@UltraTV90
W@R Cri!Minal

[brwo349] 05/4/2024 14:43

6 Russian warplanes Obliterated. At least.

[loganair] 05/4/2024 12:26

I've been sadly hearing that somewhere between 2 million and 3 million Ukrainian troops have either been killed or severely wounded that they'll never be able to rejoin the fight - how much longer can Ukrainian keep up such losses - they're not anymore as they are falling back on all fronts.

[brwo349] 05/4/2024 11:19

Oh dear. Russian airfield burning.



6 aircraft destroyed and another 8 damaged. Total losses unconfirmed as yet.

[loganair] 05/4/2024 09:35

The MOEX Russia Index drifted down 0.2% to 3,400 on Friday, moderating after 9 sessions of gains, as investors took profits and weighed the geopolitical environment. Japan announced a ban on the export of 164 categories of goods to Russia from April 17 as part of anti-Russian sanctions. Still, elevated oil prices continued to support Federation's producers.

On the corporate front, the decreases were led by AFK Sistema (-1.1%), Polus (-1.1%), PIK (-1%), Inter (-0.9%), and VK (-0.8%).

On the other hand, Positive Group (1.8%), Surgut (1.5%), and MTS (0.9%) advanced. Meanwhile, traders also remained attentive to shares of Novatek (0.1%) after the company hinted it may reduce the number of lines at Arctic LNG 2 to two instead of three in favour of Murmansk LNG. The advantage of Murmansk LNG is implementation on the basis of a year-round ice-free port, which means that the sanctioned special ice-class tankers would not be needed.

Over the week, the index was set to add 2%.

[loganair] 04/4/2024 14:49

The MOEX Russia Index rose 0.4% to 3,410 on Thursday, trading in the green for the ninth session, as investors continued to weigh the commodities outlook and digested strong GDP figures released after the closing bell. Elevated oil prices lent support to exporters' shares amid the escalation of Middle East tensions and the preserved OPEC+ production cuts policy.

Meanwhile, Rusal (1.4%) and Seligdar (1%) extended their rally thanks to the surge in the cost of metals. Also, noteworthy was the increase in Novatek (1.6%) after the company announced with the authorities the allocation of 24.3 billion rubles for the development of equipment for LNG.

On the side of losses, GLTR (-1.5%), MKB (-1.3%), BSP (-0.9%), Ros Agro (-0.7%), and NLMK (-0.7%) stood out.