Stock Market Review for July 22, 2021 – ForTrader.org Financial Magazine


Market the day before

Positive dynamics prevailed. The market followed the outside background. The growth leaders were shares of HSCI (ISKJ 41.51, + 11.08%). Among the outsiders were Lenzolot (LNZL 13840, -5.14%), showing a surge in volatility amid a dividend rally and the closing of the share register. The USD / RUB pair dropped to 74 in response to oil dynamics.

Market and company news

MMK (MAGN 63.655, + 1.02%) will present its results under IFRS for the second quarter. The consensus foresees revenue at $ 3.2 billion with EBITDA of $ 1.5 billion. Net profit forecast: $ 755 million. Since MMK’s debt is close to zero, we expect that strong financial results will allow the company to raise its dividend to 1.9-2.0 rub. per share.

NLMK (NLMK 242.12, + 0.58%) will report for the second quarter under IFRS. Revenue is expected at $ 3.7 billion with EBITDA at $ 1.6 billion. Profit consensus forecast: $ 1.3 billion. The company’s debt burden is insignificant – less than 1x EBITDA. The target for the promotion is 260 rubles. there are 12 months on the horizon.

Trading Ideas

VTB, JSC (VTBR 0.046675, + 0.92%), purchase, target: 0.051 rubles. We expect the securities to start closing the dividend gap. The increase in the key rate of the Central Bank does not threaten the achievement of the previous targets for annual profit.

Expectations

We expect mixed dynamics. Moderate growth is possible on a positive external background. Forecast for the Moscow Exchange Index: 3720-3750 points range. Guideline for the USD / RUB pair: 73.5-74.5.

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Market forecasts, analytics and stock news

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