Today the attention of bidders is drawn to statistics from the ocean. 16.30, Moscow time, we expect data on retail sales (U.S.) and the producer price index (U.S.) and at 18.00 there are data on the inventory (U.S.).
Asian stock exchanges have completed to date in the positive zone: Japanese index (NIKKEY) in weight by 0,156%, Chinese index (Shanghai Composite) has grown up on 0,23% and the Korean index (KOSPI) rose in price on 1,13%. Activity waslow bidder-members are waiting for further macro-economic data from the U.S..
Our market is not opened significant growth. By 11.30 the RTS index closer to the cherished mark of 1200 points, after taking of which can be expected to continue further growth. The immediate aim of the movement is in the area of 1500 points. MICEX and MICEX grew by 0,85% and 0,80% respectively.
Despite the loss of position, oil futures for Brent crude did not continue their rapid decline, which occurred last week. Today quotes traded at near $ 67.93 (-0.64%%) per barrel. In the precious metals market is not so simple. Quotes again fell below the important psychological level of $ 1000 per troy ounce. At the moment the price is close to the level of $ 999. The market there is a decline of industrial metals: copper (-0.05%), nickel (-0,24%), tin (-0.73%), palladium (-0.59%) and zinc (-0.85% ).
The market shares of the second wave is observed activation of bidders, which once again confirms the interest in this segment of investors. RTS-2 last week added more than 9.38%. Today's comment I want to dedicate shares Mostotrest.
Mostotrest - the largest in Russia, a public road-building organization. In the various organizational forms the company has existed for more than 75 years, and the total number of completed projects exceeded 6 thousand infrastructure. Currently the company comprises 15 branches mainly in the European part of Russia, and has strong positions in key regions in terms of investment in transport infrastructure (Moscow, St. Petersburg, the Volga region). Among the main customers Mostotrest, providing more than 75% of contracts can be distinguished: RF Ministry of Transport, Railways, regional administrations of the European part of Russia. The company is the most viable candidate to participate fully in the implementation of two major transport projects of the next decade: The track Don and highway Moscow - St. Petersburg, the total investment in that exceed $ 40 billion
Drivers:
Strong growth of financial indicators in the first half: 55% of revenues, net profit grew 14-fold
strong position in the market of road construction in Moscow.
State Railways general contractor for construction of bridges.
Active participation in the modernization of transport infrastructure in anticipation of the Olympics SFD-2014
participation in major road construction projects: the Moscow 4th Ring Road, highway Moscow - St. Petersburg, Road M-4 Don
attractive market rates: EV /EBITDA 2009 = 3.8, P /E 2009 = 6.0.
The fair price of one share is $ 1000. Growth potential of over 50%
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