Thursday, July 29, 2010

Archive for February 15th, 2010

Dollar exchange rate is saved without changes - a review of cash markets

Monday, February 15, 2010 23:16

22.01.10 condition at 10:00 the Kiev most banks and exchange offices (CEMs) have kept the course of sale and purchase 1 USD at the level of yesterday. Buying rate was 8.1200 UAH, sales - 8.1700 UAH. Offers Banks and Brokers to purchase 1 USD fluctuate within 8.0770 - 8.1360 UAH. best offer to buy 1 USD at this time set in the following Banks and Brokers: 8.1360 UAH - Premium;; Arsenal;; Stand number 12;; 8.1300 UAH - Zakhidinkombank KF;; Unexbank;; Nick;; Offers Banks and Brokers to sell 1 USD fluctuate within 8.1500 - 8.1900 UAH. best offer on sale of 1 USD at this time set in the following Banks and Brokers: 8.1500 UAH - Piraeus Bank ICB;; 8.1580 UAH - Aktiv-Bank; ; Today Banks and Brokers most often buy 1 EUR price 11.5000 UAH, that are higher by 5.00 kopecks. than yesterday and the offer price 11.6000 UAH, that is different from yesterday"s rate. Offers Banks and Brokers to buy 1 EUR ranging 11.3700 - 11.5100 UAH. best offer to buy 1 EUR at this time set in the following Banks and Brokers: 11.5100 UAH - Arsenal;; Stand number 12;; 11.5010 UAH - Premium;; Offers Banks and Brokers to sell 1 EUR ranging 11.5700 - 11.7000 UAH.

This was posted under category: Main News  |  Read Full Story  |  0 Comments

The stock market of Ukraine on Thursday continued correction in the external negative

Monday, February 15, 2010 19:18

Ukrainian stock market closed on Thursday, falling under the influence of negative external environment, as well as short-term profit-taking by speculators on domestic platforms: the index of "Ukrainian Stock Exchange, fell to 0,76% - to 1640.4, the PFTS index - on 0,28 %, to 629.23 points. According to the specialist sales KBC Securities Ukraine Bohdan Kochubey, today"s trading session opened in positive territory, the optimism of European and Russian markets, but soon the mood changed dealers. The greatest negative impact had fears that China will continue to implement restrictive monetary policy, which in turn will impact on the world markets. As noted analyst investment group "TASK" Vyacheslav Ivanishin, negative impact on the markets has also had an unexpected increase in the number of applications for unemployment benefits in the United States to the maximum level for two months. However, he said, some support index was a strong quarterly reporting Goldman Sachs, under which up to the fourth quarter of 2009 the bank received net income of $ 4.95 billion, or $ 8.2 per share, while analysts on average, predicted the figure at $ 5.18 per share. In addition, the local sites significant pressure on shares of energy companies had news that the Ministry of Coal Industry and the Ministry of Fuel and Energy will increase the base price of coal for generating companies to 10%. According Ivanishina, strong fundamental news is negative, since an increase in coal prices further complicate the financial condition of energy companies. Experts predict that this could have a significant impact on share prices of companies sector in the medium term. The leading stock exchanges of Ukraine also continued sale of shares in Ukrnafta after not held Jan. 20 auction, bringing the shares have lost interest for buyers. However, as reported by B. Kochubey, amid news of a possible introduction of additional benefits for manufacturers of aircraft (the law initiated by the president "Motor Sich" V.

This was posted under category: Scenario and forecasts  |  Read Full Story  |  0 Comments

The only positive news yesterday there were reports XEROX and Goldman Sachs

Monday, February 15, 2010 16:16

The only positive news yesterday there were reports XEROX and Goldman Sachs. On Thursday, the dollar continued to strengthen against the euro, up to 1,403 dollars, oil prices fell to 77.3 dollars per barrel. WTI, data on unemployment in the United States were worse than expected, in addition, the U.S. president Barack Obama came out with an initiative to restrict the activities of banks. The Chinese authorities do not deny the probability of collapse of anti-crisis program, this trend is projected to investors of other influential CB. On such a background of Russia"s information indices showed instability, resulting in a decrease of 1,7%. In the oil sector, the dynamics of the market showed worse Rosneft (-3%), other liquid stocks declined in the medium range. Today, oil prices fell below 76 dollars per barrel. U.S. Ministry of Energy reported that commercial crude oil inventories in the U.S. for a week from 9 to 15 January 2010. fell less than expected at 0.4 million barrels to 330.6 million barrels.

This was posted under category: News International Markets  |  Read Full Story  |  0 Comments

Forecasts of analysts: Gap down at the opening of Russian sites will be 1% on the MICEX index, during the day possible technical rebound

Monday, February 15, 2010 12:16

           22.01.10 10:04 ;   yesterday on Russian trading floors began with a gap up. In the future, despite the growing European indexes, the domestic market went lower. Stronger than others "bearish" sentiment affected the paper"s oil and gas sector: "Gazprom" has lost up to the day 1.49%, Rosneft - 2,41%, LUKoil - 1,44%. As leaders of growth the second consecutive day were shares of the peak and RTM, which quotes added 1,64% and 7,88% respectively. Also in the "green zone" ottorgovalis individual members of the energy and communications sectors. MICEX Index finished the session at 1435.9 points, down 1.73%, the index closed on a mark PCT 1530.29 points (-1,71 %). In the evening session on FORTS the March futures on the RTS index fell by 0.37% to 153,120 items. Futures for shares of Gazprom, Lukoil and Sberbank are in minus on 0,4, 0,5% and 0,07% respectively. At the time of the closing price of ADRs on Russia"s stock (per receipt) were: VTB (Eng) - 4,99, Gazprom (Eng) - 24,55, Lukoil (Eng) - 56,9, Nor. Nickel (Eng) - 16,5, Rosneft (Eng) - 8,68, Surgutnfgz (Eng) - 9,17, Mobil TeleSystem (USA) - 49.14, Rostelecom (USA) - 27.35, Vimpelcom (USA) - 19,19, Mechel Steel (USA) - 22,66. Friday before the opening of Russian sites formed a negative external background. Trades in the U.S. on the eve ended lower, Asian area are traded in the "red zone": Japanese Nikkei225 (-2,67%), Chinese Shanghai Composite (-2,21%), the Australian index All Ordinaries (-1,65%). the oil market after the closure of Russian sites continued to decline. Yesterday, the U.S. Ministry of Energy reported that commercial crude oil inventories in the U.S.

This was posted under category: Main News  |  Read Full Story  |  0 Comments

Federal Migration Service of Russia will help banks to calculate credit scam

Monday, February 15, 2010 9:16

Federal Migration Service (FMS) in a systematic way the banks will pass the data on passports. Credit institutions, in turn, will inform the service about the forged documents. Signed between the Fund and the Association of Russian Banks (ARB), an agreement on cooperation to strengthen security in the issuance of credits natural persons, and will also help law enforcement authorities to identify citizens who are wanted and using fake, stolen, lost or illegally issued passports. According to Director of FMS Konstantin Romodanovsky, in service receive complaints from different banks with a request in a systematic way to obtain information about citizens. "To regulate the work and the law on protection of personal data, we have begun to cooperate with the Association of Russian Banks" - quotes Mr. Romodanovsky, agency Prime-Tass. From the banks, said Mr. Romodanovsky, FMS will receive information about the forged documents. According to the press service of the Savings Bank, the analysis of the loan application interaction with the Bank FMS online will significantly reduce the risks in evaluating potential borrowers.

This was posted under category: Main News  |  Read Full Story  |  0 Comments

Uralkali was asked to pay the taxes, penalties and fines of $ 803 million rubleyza the period 2005-2006.

Monday, February 15, 2010 6:22

Polymetal released operating results for the 4 quarter and full year 2009. In 2009, gold production increased by 9%. In a segment of silver significant changes have occurred, the production of the Group grew in 2009 by 1%, to 17,3 million ounces. In 2009, the company continued its expansion through acquisition of Russian and foreign companies, including the use of additional issue shares. Polymetal not going dorazmeschat remaining volume of issued shares in the autumn of last year. "Polymetal published results reflect the dynamics of fast development, but it rests heavily on short-term cash flows. Suspending the additional placement of issued shares in 2009 could be considered a short-term positive news for shareholders, but in 21000010 they again should not expect dividends," - commented analyst at Finam Alex Sulina. Yesterday Group "Dixie" has published the results of operating activities for 2009 Total revenue in the ruble grew by 12% year-to-year and amounted to 54,2 billion rubles. Despite the New Year holidays, the dynamics of total revenue for 4 quarter of 2009 was more modest - about 5% year-to-year. During 2009, the main factor for revenue growth were revenues from retail operations, store-discounters "Dixie", which account for more than 83% of total group revenues - they rose 11%, from 40.4 billion rubles. to 45,1 billion rubles. "Despite a 12% increase in total revenue Dixie in 2009, comparable sales for the same period decreased by 6.2%. We believe that the countervailing dynamics is a reflection of uncertain consumer demand, and issued statements to evaluate the neutral" - says Eldar Vagabov of "Finam". CC PIC announced a new project for the construction of residential property for the Ministry of Defense in Podolsk. The company has already started construction of about 265 thousand square meters. meters of residential property (about 4010 apartments) at the site, provided by the Ministry of Defense. Part of the alleged houses (about 28) will be commissioned in 2010. The total volume of construction, provided by the project involves putting about 1 million square meters. m. residential real estate. "We appreciate the news of the early involvement of PG in the draft CIP. We believe that participation in public procurement of construction projects will provide stable cash flows, as well as the capacity utilization of the company"s (DSC-2, DHA-3)," - notes analyst at Finam Sergei Phylchenkov. President of Sberbank Gref said that in 2010 the level of bad debts in the banking sector in Russia amount to not less than 20%. Savings Bank is expected to figure slightly lower than the average for the sector. He also said that Sberbank has no plans to disband the reserves in 2010. In accordance with the plans of the bank, in the first half of this year will be doformirovanie reserves, despite the fact that by the end of 2009 the reserve was formed 10,2% -10,3%. Dissolution of possible reserves in 2011-2013. "Statement Savings Bank plans to start a disband the reserves only in 2011 could negatively affect the share prices of the bank. In our opinion, the current market quotes take into account the dissolution of the reserves in 2010. With regard to the delay in the whole banking sector, the estimate of 20% of the loan portfolio looks like, in our view, overly pessimistic, "- says the analyst of investment company" Finam "Konstantin Romanov. Chairman of Audit Committee reports that the company received a claim for payment of taxes, penalties and fines amounting to 803 million rubles. ($ 27 million) for the period 2005-2006. "We believe that even if the Chairman of Audit Committee does not win the case in court, the lump sum $ 27 million virtually no impact on the fundamental value of the company. Uralkaliya Debt load is very low, ND /EBITDA "09, according to our estimates, 0,24. Cash position strong - the latest published IFRS-reporting (for 1 semester, 2009) the amount of cash on its balance sheet amounts to 9,807 billion rubles. so we appreciate the news as neutral for Uralkaliya "- an analyst Finam Dmitry Terekhov. More information on these and other analysts" comments Finam you can refer to the section "Investments".

This was posted under category: News and Comments  |  Read Full Story  |  0 Comments

Quarterly reporting Fifth Third Bancorp

Monday, February 15, 2010 2:27

Quarterly reporting Fifth Third Bancorp (FITB) was better than expected and in terms of profits, and in terms of income. The main reasons for such a good quarter were made by the bank"s noninterest income and a significant reduction in reserve to cover the debt problem, which blocked the negative effect of relatively high non-interest expenses of the issuer. A positive surprise in EPS amounted to more than 35%, and the EPS in the IV quarter amounted to $ 0.2, while a positive surprise to the Bank"s income amounted to 4.7%, while revenues exceeded the bank"s $ 1.5 billion The quality of loans, like other banks, is improving. Quality, of course, still poor, but in the current circumstances, from our point of view, anything less is bad - is good. Write-offs of loan portfolio in annual terms in the IV quarter amounted to 3.62%, or 13 b. § less than in the previous quarter, with write-offs declined in the portfolio of consumer and commercial loans. In absolute terms, the bank wrote off loans at almost 6.5% lower than in the previous quarter. The share of non-performing loans in the portfolio, and even grew by 7 b. n. in the past quarter, but its rate of growth has slowed significantly. Currently NPL ratio is 3.82%. More important, from our point of view, is the dynamics of reserve to cover the debt problem. This element in the IV quarter decreased by 18.5%, which, in our view, reflects the positive trends in loan portfolio quality. The Bank has a relatively high level of capital adequacy, and management operates fairly conservative in respect of its loan portf1000olio, so much sense so seriously reduce the cost of provisions in the absence of trends to improve the quality of the loan portfolio, it was not.

This was posted under category: News International Markets  |  Read Full Story  |  0 Comments