Evraz engages in the production and distribution of steel and related products and coal and iron ore mining. Co. also produces vanadium products. Co. has four segments: Steel, which includes production of steel and related products at all mills except for those in North America, and includes the extraction of vanadium ore and production of vanadium products, iron ore mining and enrichment and certain energy-generating companies; Steel, North America, which includes production of steel and related products in the U.S. and Canada; Coal, which includes coal mining and enrichment; and Other operations, which includes energy-generating companies, shipping and railway transportation companies.
  • TickerEVR
  • ISINGB00B71N6K86
  • ExchangeLondon Stock Exchange
  • SectorIndustrial Metals & Mining
  • CountryUnited Kingdom

Analysts

BCS Equity Daily: Oil, UC Rusal, Evraz, LSR, Etalon

US-Iran tension, Fed mfg, Fed-speak … G20 looms large Ahead: Bulls tested. Brent is trading at $64+/bbl and, despite demand concerns, is finding some support from escalating US-Iran tension – President Trump signed an executive order, which he said slapped new “hard hitting” sanctions that lock billions of dollars in Iranian assets and deny Iran access to key financial resources. Moscow, in turn, has signaled Russia will take steps to counter any new sanctions on Iran. Meanwhile, another bout of Fed-feed is on deck – Richmond Fed Manufacturing (remind – both the New York and Philly Fed manuf...

Aleksey Ryabushko ...
  • Alexey Kirichok
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Anna Kotelnikova
  • Cole Akeson
  • Fedor Kornachev
  • Irina Lapshina

CIS Market Daily - 24 июня 2019

КОММЕНТАРИЙ И ПРОГНОЗ - РОССИЯ В ПЯТНИЦУ КОТИРОВАЛАСЬ ХУЖЕ АНАЛОГОВ; НА ПРЕДСТОЯЩЕЙ НЕДЕЛЕ БУДЕТ МНОГО ЗНАЧИМЫХ СОБЫТИЙРоссия в пятницу котировалась хуже других развивающихся рынков: индекс РТС упал на 1,2% до 1 375 пунктов. В основном такое отставание от аналогов проявилось после того как группа консервативных представителей Демократической партии в нижней палате Конгресса США опубликовала предложение (не имеющее статуса законопроекта) ввести новые санкции против России. Глобальные рынки консолидировались после достижений в предыдущие дни. На предстоящей неделе будет много значимых для глобал...

Alexey Bulgakov ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Irina Lapshina

Долговые рынки сегодня - 24 июня 2019

РЫНОК ВНЕШНЕГО ДОЛГА СТРАН СНГНа рынке российских еврооблигаций с утра, после разворота в динамике доходности гособлигаций США, наблюдалось снижение цен. Пессимизм еще больше усилился после появления сообщений из Вашингтона о новом предложении, предусматривающем возможное введение санкций на государственный долг России. Впрочем, продажи со стороны нерезидентов оказались непродолжительными. По итогам дня наибольшее снижение продемонстрировали Россия-47, подешевевшие 1,5 п. п. Россия-28 снизились в цене на 1,3 п. п.ГОСУДАРСТВЕННЫЕ ЦЕННЫЕ БУМАГИНа рынке ОФЗ с утра наблюдалась небольшая коррекция ...

Alexey Bulgakov ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Irina Lapshina

Debt Markets Today - June 24, 2019

CIS EUROBOND MARKETRussian Eurobond quotes moved lower on Friday morning amid the about-turn in US Treasury yields, and the selloff intensified after reports about a push for new US sanctions against Russia emerged. This sparked a brief bout of selling on the part of nonresidents. The Russia 47 led the declines (-1.5 pp), followed by the Russia 28 (-1.3 pp).GOVERNMENT DEBTQuotes on OFZs corrected slightly on Friday morning after the previous day's rally, and news that a group of US legislators had issued a proposal calling for new sanctions on Russia (including on Russian government debt) sent...

Aleksey Ryabushko ...
  • Alexey Kirichok
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Anna Kotelnikova
  • Cole Akeson
  • Fedor Kornachev
  • Irina Lapshina

CIS Market Daily - June 24, 2019

MARKET COMMENT - RUSSIA UNDERPERFORMS FRIDAY; BUSY WEEK AHEAD FOR POLITICS AND ECONOMICSRussia underperformed peers on Friday, the RTS falling 1.2% for the day to 1,375, versus a 0.1% drop for the MSCI EM. Most of the underperformance came after a faction of US House Democrats called for new sanctions. Globally, markets consolidated after a strong week of Fed and US/China-driven gains. This week is full of potentially consequential political and economic events, among them a trilateral meeting between Russia, the US and Israel Monday-Tuesday, the G20 Friday-Saturday, MSCI's annual market revie...

Alexey Bulgakov ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Irina Lapshina

Долговые рынки сегодня - 24 июня 2019

РЫНОК ВНЕШНЕГО ДОЛГА СТРАН СНГНа рынке российских еврооблигаций с утра, после разворота в динамике доходности гособлигаций США, наблюдалось снижение цен. Пессимизм еще больше усилился после появления сообщений из Вашингтона о новом предложении, предусматривающем возможное введение санкций на государственный долг России. Впрочем, продажи со стороны нерезидентов оказались непродолжительными. По итогам дня наибольшее снижение продемонстрировали Россия-47, подешевевшие 1,5 п. п. Россия-28 снизились в цене на 1,3 п. п.ГОСУДАРСТВЕННЫЕ ЦЕННЫЕ БУМАГИНа рынке ОФЗ с утра наблюдалась небольшая коррекция ...

Alexey Bulgakov ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Irina Lapshina

Debt Markets Today - June 24, 2019

CIS EUROBOND MARKETRussian Eurobond quotes moved lower on Friday morning amid the about-turn in US Treasury yields, and the selloff intensified after reports about a push for new US sanctions against Russia emerged. This sparked a brief bout of selling on the part of nonresidents. The Russia 47 led the declines (-1.5 pp), followed by the Russia 28 (-1.3 pp).GOVERNMENT DEBTQuotes on OFZs corrected slightly on Friday morning after the previous day's rally, and news that a group of US legislators had issued a proposal calling for new sanctions on Russia (including on Russian government debt) sent...

Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Irina Lapshina
  • Rodion Lomivorotov
  • Sergei Konygin

Debt Markets Today - October 26, 2018

CIS EUROBOND MARKETRussian sovereign issues closed largely flat, with the exception of long paper (down 0.2-0.3 pp). Volumes remained light.GOVERNMENT DEBTYields closed 3-4 bps higher on the day. Nonresidents were not very active. Volumes reached R15 bln.STORIES> Ukraine borrows $2 bln from private investors> NLMK reports healthy 3Q18 IFRS results> Evraz 3Q18 trading update: Weak on volumes, mixed pricing> Ukrainian central bank leaves key policy rate unchanged at 18.0%

Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Irina Lapshina
  • Rodion Lomivorotov
  • Sergei Konygin

Долговые рынки сегодня - 26 октября 2018

РЫНОК ВНЕШНЕГО ДОЛГА СТРАН СНГРоссийские суверенные выпуски в четверг завершили сессию вблизи уровней предыдущего закрытия, за исключением длинных бумаг, которые просели в цене на 0,2-0,3 п. п. Торговая активность остается низкой. ГОСУДАРСТВЕННЫЕ ЦЕННЫЕ БУМАГИНа рынке ОФЗ в течение дня доходность росла и к концу дня оказалась на 3-4 б. п. выше уровней предыдущего закрытия. Активность нерезидентов была низкой. Обороты торгов составили 15 млрд руб.НОВОСТИ> НЛМК опубликовал сильные результаты за 3К18 по МСФО> Операционные результаты Evraz за 3К18: низкие объемы и разнонаправленная динамика цен> Н...

Alexander Kudrin ...
  • Alexey Bulgakov
  • Alisa Zakirova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Irina Lapshina
  • Kirill Plastinin
  • Nikolay Minko
  • Rodion Lomivorotov
  • Sergei Konygin

Debt Markets Today - March 2, 2018

CIS EUROBOND MARKET Russian sovereign Eurobonds witnessed a selloff. Volumes were low. Long-dated paper sank 0.7 pp, while intermediate issues lost 0.3-0.5 pp and short-dated bonds slid 0.2 pp. The Russia 47 closed 0.7 pp lower at 103.5% (YTM 5.0%, Z-spread 208 bps), while the Russia 27 retreated 0.3 pp to 100.8% (YTM 4.1%, Z-spread 129 bps). GOVERNMENT DEBT The strong decline in the ruble saw OFZ yields shift 3-5 bps higher along the curve. Volumes were above average. STORIES > Putin's plan for 2018-24: Social policy, growth and new weapon > Evraz 2017 IFRS results show leverage decreased to...

BCS Equity Daily: Oil, UC Rusal, Evraz, LSR, Etalon

US-Iran tension, Fed mfg, Fed-speak … G20 looms large Ahead: Bulls tested. Brent is trading at $64+/bbl and, despite demand concerns, is finding some support from escalating US-Iran tension – President Trump signed an executive order, which he said slapped new “hard hitting” sanctions that lock billions of dollars in Iranian assets and deny Iran access to key financial resources. Moscow, in turn, has signaled Russia will take steps to counter any new sanctions on Iran. Meanwhile, another bout of Fed-feed is on deck – Richmond Fed Manufacturing (remind – both the New York and Philly Fed manuf...

Aleksey Ryabushko ...
  • Alexey Kirichok
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Anna Kotelnikova
  • Cole Akeson
  • Fedor Kornachev
  • Irina Lapshina

CIS Market Daily - 24 июня 2019

КОММЕНТАРИЙ И ПРОГНОЗ - РОССИЯ В ПЯТНИЦУ КОТИРОВАЛАСЬ ХУЖЕ АНАЛОГОВ; НА ПРЕДСТОЯЩЕЙ НЕДЕЛЕ БУДЕТ МНОГО ЗНАЧИМЫХ СОБЫТИЙРоссия в пятницу котировалась хуже других развивающихся рынков: индекс РТС упал на 1,2% до 1 375 пунктов. В основном такое отставание от аналогов проявилось после того как группа консервативных представителей Демократической партии в нижней палате Конгресса США опубликовала предложение (не имеющее статуса законопроекта) ввести новые санкции против России. Глобальные рынки консолидировались после достижений в предыдущие дни. На предстоящей неделе будет много значимых для глобал...

Aleksey Ryabushko ...
  • Alexey Kirichok
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Anna Kotelnikova
  • Cole Akeson
  • Fedor Kornachev
  • Irina Lapshina

CIS Market Daily - June 24, 2019

MARKET COMMENT - RUSSIA UNDERPERFORMS FRIDAY; BUSY WEEK AHEAD FOR POLITICS AND ECONOMICSRussia underperformed peers on Friday, the RTS falling 1.2% for the day to 1,375, versus a 0.1% drop for the MSCI EM. Most of the underperformance came after a faction of US House Democrats called for new sanctions. Globally, markets consolidated after a strong week of Fed and US/China-driven gains. This week is full of potentially consequential political and economic events, among them a trilateral meeting between Russia, the US and Israel Monday-Tuesday, the G20 Friday-Saturday, MSCI's annual market revie...

BCS Equity Daily: Gazprom, Evraz, Distribution grids

G20 Summit – Let the games begin Week Ahead: Hope for the Bullish, if only. Presidents hailing from Russia, India, China (RIC) and the US are hoping to talk trade at the G20 Summit (28-29 June), albeit not in a joint meet. Separate meets will be held by Trump and Xi, with all three also posturing to hold talks with Putin. The dynamic suggests the parties in the ‘RIC’ camp will be seeking some politico-economic high ground from which to extract / leverage a pragmatic compromise on trade / sanctions from the US. Also, the hopeful have taken heart on signs that the US and China may back away fr...

Alexey Kirichok ...
  • Andrew Keeley
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Irina Lapshina
  • Kirill Rogachev
  • Nikolay Minko
  • Rodion Lomivorotov
  • Yuri Popov

CIS Market Daily - June 20, 2019

MARKET COMMENT - DOVISH FED TURN AND MORE FRIENDLY US/CHINA INDICATIONS DRIVE MARKETSThe RTS gained 0.1% to 1,361 yesterday, in line with non-APAC EM peers. After global markets rose in the morning on news that the Chinese and US presidents will meet next week, softer than expected commentary from the Fed gave the rally another fillip. APAC markets are up 0.6-2.6% this morning, Brent has risen 1% overnight, and all indicators look positive heading into the start of the session today. Meanwhile, today's agenda holds US and EU political developments, as well as President Vladimir Putin's annual ...

3 directors sold

Three Directors at Evraz Group S.A. sold 13,632,750 shares at 635p. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

Research Team

Focus: Benefit Systems issues profit warning on higher fitness loss and MSSF 16 implementation; Orange Polska: 1Q19 results review - soft as expected, plus acquisition of BlueSoft; GPW’s strong 1Q19 results - 6% beat on EBIT and EBITDA

HEADLINES: • Benefit Systems: profit warning on higher fitness loss and MSSF 16 implementation NEGATIVE • Orange Polska: 1Q19 results review - soft as expected NEUTRAL • Orange Polska: concludes a preliminary agreement to acquire 100% of the shares of BlueSoft NEUTRAL • GPW: strong 1Q19 results - 6% beat on EBIT and EBITDA driven by better revenues than expected POSITIVE • mBank: neutral 1Q19 numbers - weak start to 2019E makes our PLN 1.3bn net income look ambitious NEUTRAL • Santander Bank Polska: neutral numbers, affected by restructuring reserve and BFG NEUTRAL • Lotos Q1 results, in line...

Research Team

Focus: keeping our HOLD on OTP Bank, with a higher HUF 13,330 PT; Motor Oil Hellas’ 4Q18 results, strong adjusted net income; CEZ – 4Q18 EBITDA a 10% miss, net profit misses by c.60%, but solid FY19E guidance; Athens Exchange Group’s 4Q18

HEADLINES: • OTP Bank: dance until the music stops (stays HOLD) • Motor Oil Hellas: 4Q18 results, strong adjusted net income • CEZ: 4Q18 EBITDA a 10% miss, net profit misses by c.60%, but solid FY19E guidance • Athens Exchange Group: 4Q18 - no surprises in the P&L trends, better dividend • Inter Cars: preliminary 2018 results NEUTRAL • Kruk: additional takeaways on Wonga.pl acquisition NEUTRAL • Wirtualna Polska: Emitel and TVP to launch joint marketing campaign for MUX-8 today POSITIVE • Globalworth: York Capital Management sells 8.9m GWI shares at EUR 9.1/share (EUR 81m) NEUTRAL • mBank...

Research Team

WOOD Morning (1 February)

HEADLINES: • Wizz Air: there are two kinds of carriers in this world... (HOLD - transfer of coverage) • Akbank/Garanti: 4Q18 results highlights NEUTRAL • EVRAZ: 4Q18 and FY18 trading update • Santander Bank Polska: reaches agreement with trade unions NEUTRAL • Polish gencos: Poland to unblock distance law rule NEUTRAL • LiveChat Software: 3Q18-19E (calendar 4Q18E) - EBITDA +16% yoy and NI +14% yoy (due on 26 February) NEUTRAL • OTP Bank: 4Q18E results preview (due on 1 March) • Short News (CPS, RU telcos)

Research Team

Focus: Turkey macro – where we stand; Garanti’s 3Q18 review – in line, with free provisions and tone somewhat better than Akbank; Erdemir’s 3Q18 results – EBITDA 10% above consensus, but net income misses on high tax rate

HEADLINES: • Turkey macro: where we stand • Garanti: 3Q18 review - in line, with free provisions and tone somewhat better than Akbank NEUTRAL • Erdemir: 3Q18 results - EBITDA 10% above consensus, but net income misses on high tax rate NEUTRAL • Tekfen Holding: 3Q18 review - strong results beat expectations POSITIVE • X5: strategy refocusing towards smart expansion • NLMK: 3Q18 financial results - large beat on EBITDA, 3.8% quarterly dividend POSITIVE • Ford Otosan: 3Q18 results - margin erosion due to cost pressure; domestic guidance revised down NEUTRAL • EVRAZ: 3Q18 trading update - in li...

Research Team

Focus: keeping our BUY on Benefit Systems, with a lower PLN 1,150 PT; Polish banks’ 3Q18E previews – costs and LLPs in focus (due out from 25 October); Kernel’s 4Q FY18 EBITDA 58% below our expectations; Severstal’s 3Q18 results

HEADLINES: • Benefit Systems: fitness makes you stronger (stays BUY) • Polish banks: 3Q18E previews - costs and LLPs in focus (due out from 25 October) • Kernel: 4Q FY18 EBITDA 58% below our expectations NEGATIVE • Severstal: 3Q18 results - in line at the EBITDA level, better-than-expected FCF and a high dividend POSITIVE • EVRAZ: Investor Day - unsurprising capex hike NEUTRAL • CEZ: government prefers CEZ to finance new nuclear, according to IndMin NEGATIVE • MedLife: buyback of 868k shares to start from 9 November POSITIVE • Titan Cement: conference call on the proposal of shifting the prim...

Philip Morrish

Value Indicator - UK Basic Resources 24062019

Currently '(TM)Value Indicator - UK Basic Resources' is a value anlaysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prcies.

Philip Morrish

Value Indicator - UK Main Market 240652019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quted companies on the London Stock Exchange's main market that provides the reader with indicative long-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 17062019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indiciative longer-term tagret prices.

Philip Morrish

Value Indicator - UK Main Market 17062019

Currently (TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of the London Stock Exchange's main market hat provdes the reader with longer-term indicative target prices.

Philip Morrish

Value Indicator - UK Basic Resources 10062019

currently '(TM)Value Indicator - UK BAsic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

BCS Fixed Income Daily: Fund Flows, EVRAZ, Sberbank, VEB, Gazprombank

In a wait-and-see mood, macro data in focus Post-holiday Friday is unlikely to bring activity on global debt markets, more likely investors will wait for more clear signals with regard to further rate increase in US. Today, US composite PMI will be published and weaker data (if any) could contribute to dovish sentiment, pushing base assets yields lower and bringing optimism to EM debt markets. Meanwhile, South Africa yesterday increased the key rate for the first time since 2016. Oil keeps moving south (Brent lost another 1.5% yesterday) on rising concerns about growing supply, though no harm ...

MarketLine Department

Salzgitter AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Salzgitter AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Salzgitter AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlig...

Dave Nicoski ...
  • John Betz

Int'l Insights: Bullish Stocks

Developed international equities (MSCI EAFE) have been underperforming relative to global equities (MSCI ACWI). So, within EAFE, where would we want to be invested? Our answer: outperforming SMID-caps, as displayed via the 10-year chart (attached). We expect this outperformance to continue; stick with this trend. In today's report we use a bottom-up approach to highlight actionable charts, sorted by market cap (all buys at current levels). Charts highlighted: NMC-GB, ASC-GB, TEMN-CH, EVR-GB, DIM-FR, WCH-DE, KRX-IE, POM-FR, BCVN-CH, WLN-FR, JE-GB, RUI-FR, LOGI-US, 4004-JP, HLMA-GB, ASRNL-NL,...

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