Overview of the Russian market on 29 April: in focus reporting Mail.Ru
#Market the day before
Moderate decline continued. The reason for it was the correction on external sites.. The leaders of growth were the shares of TMK (TRMK 77,16, +4,67%). Shares of Tatneft traded worse than the market on the news (TATNP 528,0, -7,12%). The USD / RUB pair held a session in a range 74-75 amid rising oil prices to $67 per barrel.
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#Market and company news
Mail.Ru (MAIL 1 717,4, -0,28%) will report for the first quarter. The consensus lays down the company's revenue at the level 28 RUB billion. with EBITDA in volume 6 RUB billion. and profits 0,4 RUB billion. At the end of the current year, revenue is forecast to increase by 27%, to 128 RUB billion. The Yandex reporting released the day before was generally in line with expectations. Possible, that the financial results of Mail.Ru this year will be significantly higher than forecasts, but the likelihood of this will become visible based on the results of the first quarter. Yandex and Mail.Ru shares are comparable in terms of main multiples, but the latter doesn't look overpriced. We are counting on the growth of its quotes by 2000 rub. in the current quarter.
Trading Ideas
Sberbank, ao (SBER 298,21, -0,10%), speck. purchase, goal: 305 rub. #Sberbank shares are ready to storm the psychologically significant mark 300 rub. The group's investments in non-banking services will exceed 300 RUB bn., as a result, it will become the largest ecosystem, leaving no chance for competitors.
Expectations
We expect mixed dynamics. Foreign platforms switched to consolidation mode. Banks and oil and gas sector shares to be among the growth leaders at the Moscow Exchange. The USD / RUB pair will trade within 74,10-75,10. On the local market, corporate reporting is in focus, and also the day of the investor of Gazprom.
#overview
