The call and slide presentation may be accessed via webcast at http://www.vimpelcom.com.
US call-in number: + 1 888-726-2460
International call-in number: + 1 913-312-1456
MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it has raised Russia's largest dairy and fruit juice producer, Wimm-Bill-Dann Foods OJSC's (WBD) rating to 'BB-/ruAA-' with a stable outlook and removed the ratings from positive watch.
The rating agency attributed the upgrade to an improvement in the company's creditworthiness and financial risk profile.
Wimm-Bill-Dann Foods upgraded to 'BB-/ruAA-'; ratings off positive watch - S&P - Forbes.com
"Are Russian Stocks Too Hot to Handle? Investors can tap into Russia's growth and still avoid high-risk energy stocks."
Today Allan C. Nichols, CFA, a stock analyst with Morningstar wrote article about his vision of current Russian stock market vision. I think it very good reflect the attitude of investor regarding possible risks when you investing to Russia. Main idea is don't put all money to energy companies which become more controlled by government and contains more political risks. Telecom's,retail stocks, constructions companies are very good option to minimize these risks.
Yesterday RTS index reach it historical maximum, recovered from May investor money withdraw.
Capitalization of Russian stock market decreases 0.77% on Tuesday
MOSCOW. May 30 (Interfax) - The capitalization of the Russian stock market, based on Russian Trading System trading, decreases 0.77%, or by $7.539 billion from the previous session, to $967.355 billion on Tuesday.
The leaders in market value were Gazprom (RTS: GAZP), with $210.304 billion, Rosneft (RTS: ROSN), with $83.266 billion, and Sberbank RF (RTS: SBER), with $76.032 billion.
Capitalization has increased 0.14% from $966.017 billion on December 29, 2006.
Source: Interfax > Finance & Business
Trading in the common shares of Russia’s second-largest bank VTB has been suspended on the MICEX today, the stock exchange reported citing a decree by the General Director of ZAO Stock Exchange MICEX. There will be no trading in the bank’s old shares until they are united with VTB’s new shares. The suspension was requested by the issuer, the MICEX press office told RBC. Trading will resume as soon as the bank unites its old and new shares, a source in the MICEX said.
On Monday the Federal Service for Financial Markets announced plans to analyze data on trading in VTB stock on 28 May, when the price of the bank’s old shares surged 53 percent and trading had to be halted. According to the MICEX trading rules, trading shall be suspended for the rest of the day if the price of a stock rises by more than 20 percent
Source: top.rbc.ru
