Research Notes

07/01/2009  Small-Cap banks: the way through the crisis 
Research note related to: Financial sector, Vozrozhdenie Bank

06/24/2009  TGK-7: a strategic investor is expected 
Research note related to: Power Utilities, Heat Generation, TGC -7

06/10/2009  Dalsvyaz: island of stability 
Research note related to: Telecommunications, IT, Far East Telecommunications Company

06/05/2009  OGK-4: highly efficient genco with strong strategic shareholder 
Research note related to: Heat Generation, Power Utilities, Wholesale Generation Company 4 of the Electricity Market

06/05/2009  Severstal: implications of aggressive expansion 
Research note related to: Ferrous Metals, Metals, Severstal

06/04/2009  Tactics – June 2009 Cash vs Fear 

05/29/2009  Sberbank announces strong 4M 09 financials 
Research note related to: Financial sector, Sberbank of Russia

05/27/2009  Gazprom – no reason for pessimism 
Research note related to: O&G, Gazprom

05/26/2009  Sberbank and VTB: through the crisis 
Research note related to: Financial sector, Sberbank of Russia

05/19/2009  Carrefour to acquire Seventh Continent? 
Research note related to: Consumer, Retailing, The Seventh Continent