| Date | Event | Analyst forecasts and comments |
|---|
| | Consumer | |
|
from 11.01.2009 to 15.01.2009
|
Nutritek is to publish its financials for 1H 2008. |
We expect strong growth in the company’s profit margins, as the company focuses on more profitable baby food sales. |
| | Financial sector | |
|
from 11.01.2009 to 25.01.2009
|
Publication of 9M 2008 financials audited to IFRS by VTB |
We expect the bank to gradually streamline its capital expenditure, thanks to which its interest margin should grow, although marginally. The bank’s status as the second largest state bank enables it to expand its business and increase market share even at the height of the financial crisis. However, we expect the bank to post a loss of USD 500 million to USD one billion on its securities portfolio as a result of its performance in 9M 2008. |
|
from 11.01.2009 to 25.01.2009
|
Publication of 9M 2008 IFRS financials by Sberbank. |
We expect an improvement in Sberbank’s operating results. However, the need to set aside increasingly more funds as reserves may eat into the bank’s net profit. The 9M financial report could reveal the first signs of deterioration in the quality of Sberbank’s loan portfolio. |
| | Metals | |
|
from 01.01.2009 to 31.01.2009
|
Polyus Gold is to release operating results for FY 2007. |
We expect the company to post gold production for FY 2007 of 1.2 million ounces. Polyus Gold may soon revise its investment program, which could indicate lower production targets, primarily at the Natalka gold mines. |
| | Power Utilities | |
|
15.01.2009
|
Initial court hearings on a lawsuit filed by Onexim Group Ltd. against Onexim Holdings Ltd. over a buyout offer to TGK-4 shareholders. |
Onexim Group Ltd. is demanding that the mandatory offer to buy out TGK-4 shares from minority shareholders be declared invalid. The plaintiff is citing the law on access to Russian strategic industries for foreign investors. Whether shares will be bought out from minority shareholders that have opted to accept the offer now depends on a court ruling. |
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