发帖
雷达卡
【出版时间及名称】：2009年11月俄罗斯证券市场投资策略报告
【作者】：摩根大通
【文件格式】：pdf
【页数】：52
【目录或简介】：
Table of Contents
Russia: outlook in the context of liquidity and business
cycle ..........................................................................................3
Themes for 2010: follow the invisible hand .........................11
Theme 1: Demand-driven price increase for gas cos .................................................11
Theme 2: Svyazinvest reorganization ........................................................................11
Theme 3: Utilities sector regulation/demand .............................................................12
Theme 4: Bad debt trends reversing ..........................................................................13
Theme 5: Additional share supply, market broadening .............................................13
Market drivers.........................................................................16
COE a significant market driver no more ..................................................................16
Earnings: replacing COE as the main market driver..................................................17
Energy .....................................................................................24
Performance and outlook ...........................................................................................24
Energy: Key stocks ....................................................................................................25
Materials..................................................................................27
Performance and outlook ...........................................................................................27
Materials: Key stocks.................................................................................................27
Financials................................................................................29
Performance and outlook ...........................................................................................29
Financials: key stocks ................................................................................................30
Utilities ....................................................................................32
Performance and outlook ...........................................................................................32
Utilities: Key stocks...................................................................................................32
Telecoms & Media ..................................................................35
Performance and outlook ...........................................................................................35
Media .........................................................................................................................36
Performance and outlook ...........................................................................................36
Telecoms & Media: key stocks..................................................................................37
Consumers..............................................................................40
Performance and outlook ...........................................................................................40
Consumers: key stocks...............................................................................................40
Homebuilders .........................................................................42
Performance and outlook ...........................................................................................42
Macro update: the glass is getting half full..........................43
Appendix 1 ..............................................................................46
Appendix 2 ..............................................................................48
京公网安备 11010802022788号
