– “BKS global markets” recommends to use the last sale on the stock market of the Russian Federation to enhance the shopping, the survey says the main strategist Vyacheslav Smolyaninov.
“We believe that sales caused by regulatory requirements closing positions, which creates a very good buying opportunity since mid-June of 2017”, – said the expert.
According to Smolyaninova, in the current environment, the most preferred are a protective and/or the most underrated and/or unfairly sold shares of Russian companies.
Economics09 April 2018Рынок Russian stock couldn’t correctionalfacility read more
“We feel more protected from sanctions on major exporters of raw materials (in particular, on the EU market), while the imposition of restrictive measures for the securities of companies with a large share of the presence in the index (MCSI) will have negative consequences for foreign investors. Another option, in terms of positioning/hedging, we believe the paper that promises high dividends,” says the review.
The best investment ideas from analysts of “BCS global markets” as follows: among exporters – “Rosneft”, “LUKOIL”, “Gazprom” and “NOVATEK” in the oil and gas sector; “Nornikel”, “Severstal”, “Novolipetsk steel” (NLMK) and “Magnitogorsk metallurgical Kombinat” (MMK) in metallurgy and mining, and among the stories of domestic demand – Sberbank, Mobile TeleSystems (MTS), OJSC “Enel Russia”, X5 Retail, “Yandex” and Globaltrans.
In addition, experts allocate investment Bank Ros Agro in the agricultural sector of the Russian Federation as one of the few beneficiaries of the sanctions. The company is likely to receive support from the weakening of the ruble and strengthen the focus on Russia’s self-sufficiency in key food categories, analysts say. Thus, in their opinion, in the real estate sector, investors should pay attention to the paper Etalon and LSR Group on expectations of generous dividends.
As stated in the review, with a high potential of recovery in the long-term sovereign Eurobonds (Russia 47, Russia 43 Russia 42). “We also believe that the sale of Eurobonds “Pole” and “Norilsk Nickel” creates a great buying opportunity,” the analysts write, “BCS global markets”.
“The increased market volatility rarely has long-term implications for microcontr if we are not talking about long-term impact that leads to the emergence of a new paradigm for market, and the economy as a whole. Despite the significant weakening of the ruble, at this stage we believe that the consequences for the economy will be very limited. We expect the stabilization of the national currency at levels that are more consistent with the current fundamental characteristics. We see limited risks of a revision of our forecast for growth of Russia’s GDP by 1.8% in 2018 downward”, – said in the review.
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