The company welcomed investors with positive financial results for the second quarter of 2019. Revenue increased by 11.9%, a result higher than analysts ' expectations. Earnings per share amounted to $ 1.89 - this figure is better than the consensus forecast of analysts of investment banks Wall Street. At the press conference, the top management announced the growth of the transaction in 2019, which will have a positive impact on the company's income. The company is actively developing IT - processes aimed at increasing the speed of data processing.
Trading recommendation: Buy 272.88 and take profit 277.15.
We are expecting the continuation of the bull rally in the nickel market, which will have a positive impact on the value of MMC Norilsk Nickel. The President of Indonesia asked the government to consider accelerating the ban on Nickel exports. A ban on the export of Nickel will be imposed on a batch of 500 thousand tons. We're expecting up in the value of Nickel on commodity exchanges. The down in the volume of metal supply will have a positive impact on the cost. This is factored will have a positive impact on business capitalization MMC Norilsk Nickel.
Trading recommendation: Buy 14709 and take profit 14956.
The share price has increased by 30% over the past five months. We are expecting the bull rally to continue! Gazprom Neft’s revenue in the first six months of 2019 totalled RUB1.215 trillion, an increase of 6.8% year-on-year, with higher production growth at major projects. Hydrocarbon production, including Gazprom Neft’s share in joint ventures, rose to 47.4 million tons of oil equivalent in H1 2019, a 5.6% increase year-on-year, as a result of higher production levels at the Novoportovskoye and Vostochno-Messoyakhskoye fields. As part of its development of its petrochemicals business, as envisaged under the Company’s long-term development strategy, Gazprom Neft, together with SIBUR.
Trading recommendation: Buy 419.20 and take profit 430.