The financial forecast
According to a leading analyst of analytical management PSB of Alexey Zajtseva to define dynamics of the domestic market till the end of current year there will be two key factors. The first - the decision of the OPEC on reduction of volume of oil recovery since November, 1st on 1,2 million barrels a day with possible additional reduction of extraction for 0,5 million barrels a day in December. The second factor of growth - seasonal lifting of demand for fuel. “ seasonal growth of demand for oil against reduction of its extraction of the OPEC is capable to cause a rise in prices to fundamentally fair level of $71,5 for barrel on the end of the year on grade WTI “ - mister Zajtsev predicts. He is assured that growth of the world prices for oil will make positive impact on quotations of papers Russian “ neftjanki “ which share in RTS index exceeds 50 %, and, as consequence, will cause renewal of growth of the Russian share market. “ fundamentally fair level on RTS index at present makes 2107 points. In case of achievement by the prices for oil of our look-ahead levels growth of the market to fundamentally fair level " is probable; - expert PSB believes.
“ In short-term and intermediate term prospect ordinary actions of LUKOIL and ` Gazprom `, and also actions ` are interesting to investments to Sibirtelekoma `, SZT, ` by Dalsvjazi ` and ` Volgatelekoma `, - mister Zajtsev speaks. - in long-term prospect on - former actions ` Severstal `, MMK, NLMK, ` Karelian okatysha `, ` by Ammofosa `, ` Dorogobuzha ` and ` Cherepovets nitrogen ` " are essentially fundamentally underestimated;. And according to Vadim Dvorjaninova, in long-term prospect it is possible to pay attention to Savings Bank papers as on the protective tool during the instability periods in the market.
Analysts do not exclude that activity of players in the debt market current week will decrease. “ past Friday VAT payment the period of tax deductions has opened. This fact can render an adverse effect on the market of a rouble corporate debt. At least, at first last week it was visible that volumes of the auctions have decreased on 20 - 30 percent in comparison with a situation last week “ - analyst PSB Alexey Bizin speaks.
“ The group of companies ` Self-praises ` - the representative of the Russian retail in the Central federal district, engaged also developmentom and operation trading - entertainment complexes, - will involve 1,5 mlrd roubles for three years “ - the mister tells Malines. In its opinion, the basic pluses of the emitter is high enough efficiency of sales and reporting presence according to the international standards of the financial reporting. “ however essential level of debt loading does not allow to estimate the possible rate at placing of bonds more low 11,15 - 11,5 percent to the offer, - the mister marks Malines.
holding “ Dzhej - Ef - Si “ is going to involve 2 mlrd roubles for five years for refinancing of the previous loan, and also for the further development of the company. “ effective profitableness at auction on loan placing ` - Ef - Si ` should make Dzhej 9,45 - 9,55 annual interest rates “ - Alexey Bizin believes. In its opinion, loan placing “ promtraktor - Finans - 2 “ will pass without a special agiotage from investors and effective profitableness will appear around the top border of an interval - 10,75 - 10,85 %. At placing of a five years` loan Saba will make profitableness approximately 9,75 - 9,85 % annual. At present at this bank three bonded releases from which the most liquid is the third address. SAB is the largest private bank of Siberia and the Far East. About 46 % of the capital of financial institution copes foreign banks: the European Reconstruction and Development Bank, DEG and Clariden bank. Thus, the investor, buying bonds Saba, oposredovanno gets also a part of risks of the foreign banks entering into number of proprietors Saba, - mister Bizin marks.