-
-
Global View
- World. Geographical
- Africa
- Asia
- Central America
- Eastern Europe
- Middle East
- North America
- South America (Latam)
- Western Europe
- World. Economic
- BRIC
- Developed
- Emerging
- G10
- G20
- MENA
- MIST
- N11
- OPEC
-
Global View
Mikhail Nikonov profile
Author status: Employed
Author country: Russia
Author company: Investment Firm
Job title: Economist
Expert Area: Alternative Investments
Geografical Area: Asia, North America
Economics Area: BRIC, G20, MENA, OPEC
Country
Russia (Real GDP)
- Russian economy is coming out of recession stronger and more stable than before despite western financial sanctions. Russian banks and companies considerable reduced their dependence on foreign debt. Personally, I am focused and domiciled in the USA and now I am becoming more interesting in the opportunity that offers Russian economy. As shown by many macro indicators, Russian economy has easily survived and is clearly not torn to ribbons while some high-ranking western officials cried from every corner. In my opinion, for the last 2 years many investors were forced to turn their backs from Russia that of course caused investing deficit, but now I suppose it is right time to come back, And I am highly likely to expect better growth in 2019 as the latest
Company
Russia (Real GDP)
- Russian economy is coming out of recession stronger and more stable than before despite western financial sanctions. Russian banks and companies considerable reduced their dependence on foreign debt. Personally, I am focused and domiciled in the USA and now I am becoming more interesting in the opportunity that offers Russian economy. As shown by many macro indicators, Russian economy has easily survived and is clearly not torn to ribbons while some high-ranking western officials cried from every corner. In my opinion, for the last 2 years many investors were forced to turn their backs from Russia that of course caused investing deficit, but now I suppose it is right time to come back, And I am highly likely to expect better growth in 2019 as the latest
FSK YeES PAO
- Russian economy is coming out of recession stronger and more stable than before despite western financial sanctions. Russian banks and companies considerable reduced their dependence on foreign debt. Personally, I am focused and domiciled in the USA and now I am becoming more interesting in the opportunity that offers Russian economy. As shown by many macro indicators, Russian economy has easily survived and is clearly not torn to ribbons while some high-ranking western officials cried from every corner. In my opinion, for the last 2 years many investors were forced to turn their backs from Russia that of course caused investing deficit, but now I suppose it is right time to come back, And I am highly likely to expect better growth in 2019 as the latest
- I think that investment attractiveness of the FSK is based on its ability to payout dividends not less than at the previous periods. In addition, the hypothetical sale of FSK's stake in Inter RAO (19%) could be another upside factor for the Company's shares over the mid-term.
Sumitomo Mitsui Financial Group Inc
- Russian economy is coming out of recession stronger and more stable than before despite western financial sanctions. Russian banks and companies considerable reduced their dependence on foreign debt. Personally, I am focused and domiciled in the USA and now I am becoming more interesting in the opportunity that offers Russian economy. As shown by many macro indicators, Russian economy has easily survived and is clearly not torn to ribbons while some high-ranking western officials cried from every corner. In my opinion, for the last 2 years many investors were forced to turn their backs from Russia that of course caused investing deficit, but now I suppose it is right time to come back, And I am highly likely to expect better growth in 2019 as the latest
- I think that investment attractiveness of the FSK is based on its ability to payout dividends not less than at the previous periods. In addition, the hypothetical sale of FSK's stake in Inter RAO (19%) could be another upside factor for the Company's shares over the mid-term.
- I expect weak interest income near term due to overall difficulties in bank sector. However, there is perspective for SMFG in fee and commission segment, as its income shows strong growth (a large contribution from SMBC Nikko Securities: brokerage commissions and trading income). Also, I expect that bank is likely to start share buybacks and to expand shareholder returns further.
LUKOIL PJSC
- Russian economy is coming out of recession stronger and more stable than before despite western financial sanctions. Russian banks and companies considerable reduced their dependence on foreign debt. Personally, I am focused and domiciled in the USA and now I am becoming more interesting in the opportunity that offers Russian economy. As shown by many macro indicators, Russian economy has easily survived and is clearly not torn to ribbons while some high-ranking western officials cried from every corner. In my opinion, for the last 2 years many investors were forced to turn their backs from Russia that of course caused investing deficit, but now I suppose it is right time to come back, And I am highly likely to expect better growth in 2019 as the latest
- I think that investment attractiveness of the FSK is based on its ability to payout dividends not less than at the previous periods. In addition, the hypothetical sale of FSK's stake in Inter RAO (19%) could be another upside factor for the Company's shares over the mid-term.
- I expect weak interest income near term due to overall difficulties in bank sector. However, there is perspective for SMFG in fee and commission segment, as its income shows strong growth (a large contribution from SMBC Nikko Securities: brokerage commissions and trading income). Also, I expect that bank is likely to start share buybacks and to expand shareholder returns further.
- In spite of the market worries about the cut down of the Lukoil's development drilling, I expect that Company's strategy to reduce CAPEX for the purposes of FCF generation is really a positive development for minority shareholders. This suggests that the Company focuses on cash return to shareholders, which I believe will provide an average annual DPS growth of 20% and an 8% average dividend yield growth over 2018-2020. Therefore I strongly recommend to buy the Lukoil's shares.
Intesa Sanpaolo SpA
- Russian economy is coming out of recession stronger and more stable than before despite western financial sanctions. Russian banks and companies considerable reduced their dependence on foreign debt. Personally, I am focused and domiciled in the USA and now I am becoming more interesting in the opportunity that offers Russian economy. As shown by many macro indicators, Russian economy has easily survived and is clearly not torn to ribbons while some high-ranking western officials cried from every corner. In my opinion, for the last 2 years many investors were forced to turn their backs from Russia that of course caused investing deficit, but now I suppose it is right time to come back, And I am highly likely to expect better growth in 2019 as the latest
- I think that investment attractiveness of the FSK is based on its ability to payout dividends not less than at the previous periods. In addition, the hypothetical sale of FSK's stake in Inter RAO (19%) could be another upside factor for the Company's shares over the mid-term.
- I expect weak interest income near term due to overall difficulties in bank sector. However, there is perspective for SMFG in fee and commission segment, as its income shows strong growth (a large contribution from SMBC Nikko Securities: brokerage commissions and trading income). Also, I expect that bank is likely to start share buybacks and to expand shareholder returns further.
- In spite of the market worries about the cut down of the Lukoil's development drilling, I expect that Company's strategy to reduce CAPEX for the purposes of FCF generation is really a positive development for minority shareholders. This suggests that the Company focuses on cash return to shareholders, which I believe will provide an average annual DPS growth of 20% and an 8% average dividend yield growth over 2018-2020. Therefore I strongly recommend to buy the Lukoil's shares.
- I strongly recommend to buy ISP's shares, because the Group has one of the most attractive dividend policies with average ~80% payout and 7% yield in 2018-2020e, that notably higher European banks average of 4.5%. Also ISP has opportunity to use the Wealth Management growth potential in China, through its subsidiary or partnership with local leaders.
CSPC Pharmaceutical Group Ltd
- Russian economy is coming out of recession stronger and more stable than before despite western financial sanctions. Russian banks and companies considerable reduced their dependence on foreign debt. Personally, I am focused and domiciled in the USA and now I am becoming more interesting in the opportunity that offers Russian economy. As shown by many macro indicators, Russian economy has easily survived and is clearly not torn to ribbons while some high-ranking western officials cried from every corner. In my opinion, for the last 2 years many investors were forced to turn their backs from Russia that of course caused investing deficit, but now I suppose it is right time to come back, And I am highly likely to expect better growth in 2019 as the latest
- I think that investment attractiveness of the FSK is based on its ability to payout dividends not less than at the previous periods. In addition, the hypothetical sale of FSK's stake in Inter RAO (19%) could be another upside factor for the Company's shares over the mid-term.
- I expect weak interest income near term due to overall difficulties in bank sector. However, there is perspective for SMFG in fee and commission segment, as its income shows strong growth (a large contribution from SMBC Nikko Securities: brokerage commissions and trading income). Also, I expect that bank is likely to start share buybacks and to expand shareholder returns further.
- In spite of the market worries about the cut down of the Lukoil's development drilling, I expect that Company's strategy to reduce CAPEX for the purposes of FCF generation is really a positive development for minority shareholders. This suggests that the Company focuses on cash return to shareholders, which I believe will provide an average annual DPS growth of 20% and an 8% average dividend yield growth over 2018-2020. Therefore I strongly recommend to buy the Lukoil's shares.
- I strongly recommend to buy ISP's shares, because the Group has one of the most attractive dividend policies with average ~80% payout and 7% yield in 2018-2020e, that notably higher European banks average of 4.5%. Also ISP has opportunity to use the Wealth Management growth potential in China, through its subsidiary or partnership with local leaders.
- CSPC Pharmaceutical Group is a leading pharmaceutical group in China, which holds dominant position in innovative, branded and common generic drugs in the country. I believe that CSPC's innovative drugs will provide solid growth of earnings in 2018-2019 in light of the strong growth of the Company's established drugs (NBP, Oulaining and Xuanning), rapid increase in the oncology portfolio due to NDRL inclusion and the newly launched albumin paclitaxel, as well as permanent development of innovative projects. So I evaluate CSPC's shares as an attractive investment.
Commodity
Cobalt, $/mt
- Current prices are at highs. I think that Co story is overheated and I expect correction in short-term and rather stable prices (after correction) in long term. Recent price growth was mainly caused by supply constraints. These constraints were due to appearing of Amnesty International's report regarding child labour in DRC's mines (~60% of Co supply). Why earlier nobody cares about this big humanitarian disaster? And why this report appeared only after Co story had begun to be a mainstream? Unfortunately, I see only one reason: on the expectations of significant demand growth, it was decided to redivide the Co market. At the moment, as we see such attractive prices, I expect African mining industry will be developed by foreign investors (particularly, Chinese) and supply growth will balance the market
Blogs
No blogs
© 2018 InvestFerry - deliver valuable information. All rights reserved