Mosbirzhi index is able to renew the maximum once again


Market the day before

The week started on a positive note. The Moscow Exchange Index has renewed its maximum. Shares of Kazanorgsintez (KZOSP 43.28, + 27.52%) again became the growth leaders on the news about the deal with Sibur. Among the outsiders were TMK (TRMK 76.80, -5.11%), although the closing of the register of shareholders to receive a dividend was won back earlier. The USD / RUB pair traded in a range of 74.00-75.00.

Market and company news

X5 Retail (FIVE 2,359, -0.55%) will report for the first quarter. The retailer’s turnover for this period amounted to 507 billion rubles. Revenue for the year is projected at RUB 2,180 billion. (+ 11%) with EBITDA of 265 billion rubles. and a profit of about 40 billion rubles. The target for the company’s securities is RUB 3,685, which corresponds to a growth potential of over 50%. It should be borne in mind that the rate of increase in the financial indicators of the trading network has decreased compared to the results of the last six years, and for the current year it is estimated at a fairly high level by the P / E multiple.

Trading Ideas

Sberbank, JSC (SBER 295.06, + 0.65%), spec. purchase, purpose: 305 rubles. Quotes are able to renew the maximum and go to the assault on the psychologically significant mark of 300 rubles, which is highly likely to be successful.

Expectations

We expect mixed dynamics depending on the external background, which remains positive. The Moscow Exchange index is able to renew its maximum once again, showing growth in the range of 3600-3650 points. On the local market, the focus is on the results of RuAl, En +, O’Key. Forecast for the USD / RUB pair: range 74.10-75.10.

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