Sistema Shyam TeleServices, operating under the MTS brand, has launched a network of cellular communication in the Indian district of Bihar

July 2nd, 2009

Telecommunications operator Sistema Shyam Teleservices Limited (SSTL), a subsidiary of Sistema in India, under the MTS brand, has launched a network of cellular telecommunications in the sixth district of India - Bihar (Bihar). SSTL now provides mobile communications services in the telecom-6 districts of India: Rajasthan, Tamil Nadu, Kerala, Kolkata, West Bengal and Bihar.

Bihar, the second largest district of India with one of the lowest penetration of cellular communications, said Sistema. In the deployment of mobile network and the introduction of appropriate services within the county of Bihar SSTL has invested $ 180 million connected to the service can be SSTL in 7000 points of sale, located in 271 cities and more than 12000 rural Bihar.



President and CEO of Sistema Shyam TeleServices Limited Vsevolod Rozanov noted: Bihar - it is a huge market in India in terms of growth potential of telecom services. Our parish in Bihar is in full accordance with the strategy of development of our mobile network, which implies priority cover densely populated states in the country with the lowest penetration of mobile communications. Read the rest of this entry »

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Opinion: The probability of obtaining larger Ukraine IMF loan tranche is high enough

July 2nd, 2009

Ukraine increased the likelihood of receiving a loan tranche of the International Monetary Fund (IMF) is high enough.
The opinion was expressed by Adviser to the Chairman of the Board of JSCB Ukrgasbank Alexander Okhrimenko.

According to him, today the IMF is interested in the fact that the economic situation in Ukraine has remained stable.

The probability (see larger tranche of the loan - Ed.) great. let's say, the IMF is interested in Ukraine. For him, the stability of Ukraine is very important, and, as shown by past experience, the IMF has made concessions Ukraine, - noted A. Okhrimenko.

He also believes that in terms of adequacy of resources to increase the size of a tranche of 3.2 billion dollars in the program of cooperation, to 3.8 billion dollars, which today told representatives of Ukrainian authorities, the IMF not to be great work.

The specifics are still in that overwhelmed the world market with dollars, a catastrophic debris, so at the moment for the IMF to increase this amount is not a problem, - said the expert.

At the same time he stressed that the IMF is likely to expand the list of requirements that must comply with Ukraine in order to get the next tranche, and to ensure that this tranche was more than planned. Read the rest of this entry »

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Opinion: The price of petrol A-95 can grow by the end of summer more than UAH 1 per liter in the absence of agreements with the oil

July 2nd, 2009

price of petrol A-95 can grow by the end of summer more than UAH 1 per liter, if the government does not reach agreements with the oil, and in the case of the unstable situation in the foreign exchange market. Such a view was the general director of asset management companies INEKO-INVEST Oleg Morkva.

Now the government is negotiating with major oil over changes formula for calculating the price of gasoline, - said the expert .- On the basis of this formula is calculated, and the wholesale and retail prices of petroleum products, which are determined, first of all, the price of oil on the world market. The government wants to persuade the oil gently, that this formula has been modified, and the price increase would not be so significant as in June, when the price of petrol A-95 grew on average by more than 70 cents per liter or 11%.

According to O. Morkvy, if the government reaches agreement with oil, it is possible to stabilize the prices of petroleum products. Read the rest of this entry »

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Reducing energy consumption in the United States makes oil to get rid of its commodity contracts

July 2nd, 2009

The day ended in the red zone, regardless of the data

On Thursday, opened with a 1.5% gepom down, the day the market remained in a state of uncertain balance, when the waves are replaced by shopping sales. All external factors have contributed to strengthening the positions of the market bears. Here the first violin plays a decline in oil prices (Brent $ 67,45; -2%) /MICEX index for dinner already lost 2.2%, thanks to shares of banks and neftyanki. A separate issue - a dynamic but short-term growth of metallurgists, we do not take seriously.

Stock Indexes in Europe today is in red zone. Unemployment in the euro area (9.5%) in May reached its highest level since May 1999 Is not that a reason to fall into despondency in anticipation of similar data from the States.

The technical picture in oil prices is still very weak. Reduce consumption of energy in the States, as well as the probable suspension of replenishing its oil reserves by China raises oil to dispose of its commodity contracts. Quotations mixture Brent now remained an important support level at $ 68.1 per barrel. Now the immediate goal of the fall can be a level of $ 67/barr.

I think that today's meeting in Luxembourg, the ECB does not expect anything serious and intriguing. The rate in the euro zone remain at record 1% by minimum, most likely until mid-2010. In here the data on unemployment in the States think prepodnesut market next nasty surprise. This applies both to data on unemployment, and the NFP. Although generally neutral, even positive data does not change the overall negative mood on the stock exchanges today. That is why our recommendation is: to monitor the data from the U.S. 16-30, while in the cache.

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RTS varies in the range of 930-1000 points, further evolution will depend on statdannyh on the United States and Europe

July 2nd, 2009

By 14.50 Moscow time, Russian indices show decline: RTS (-0.4%), Moscow Interbank Currency Exchange (-2.2%). The pressure on the market have had declining oil quotes, as well as the dynamics in the foreign markets. Futures on the sorts of Brent crude oil traded at $ 67.55 /barrel. European indices are also in the red: CAC-40 (-1.26%), FTSE-100 (-0.76%), DAX (-1.67%).

expectations today as follows:

1) ECB's key rate (15:45 Moscow time);

2) data on unemployment in the United States (16:30 Moscow time).

In the segment shares, decisions which are taken on the basis of fundamental analysis point to the fact that news in the fields of electricity and chemistry. Information Non-commercial partnership The Market on the competitive electricity prices in 2009 may have a negative impact on teplogeneriruyuschih companies. Thus, in the European part of Russia, the Urals and is expected to decline in the fourth quarter of electricity prices by another 20-30%. Also expected to fall in consumption on the basis of 2009 to 5-6%. In the view of industry analysts Finam, the realization of this projection would have an adverse impact on the quotes teplogeneriruyuschih companies. I note that the negative can make an additional driver of growth for the shares Rusgidro because for this prediction less relevant.

In the segment chemistry noteworthy information about a contract with a Canadian supplier of potassium Japan. New contract price was $ 700 per ton, which is $ 200 below the price last year. Given the current price level is positive for producers of potash fertilizers. However, more important will be information on the long-term contracts with China and India. According to analytical department of Finam price on these contacts may be in the range of $ 400-450 /t. It is important that even with such a conservative estimate, the Russian companies retain a significant growth potential. We recommend you to purchase preferred shares Silvina with a target price of $ 444 at the end of 2009.

In general, the market situation is characterized by a lateral movement. Thus, the RTS index varies in the range of 930-1000 points. I recommend to keep the speculative position of Gazprom, Rusgidro and Tatneft. Further evolution will depend on statdannyh on United States and Europe.

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Now the main game plot: will attempt to make a second floor?

July 2nd, 2009

All the calculated goal just worked perfectly, the projected level of Demark on MICEX index at 910-920 points has been successfully used as a signal to the inevitable closure of short positions. Further behavior of the market should have two directions: some hastily covered shorts, someone opened the long-positions, based on the fact that the shares seem cheap. If the first steps were all the conditions, then for a second believe that it is too early. Despite the fact that the technical goal of Demark worked by gravity, it does not mean that you can play against. Orders to buy or not to 60min, the more they do not have the daily schedule.

In a short time believe the main intrigue: Will the attempt to penetrate the price floor on 23 June or not? I think if it is, the second floor do not all share. For example, I doubt that the bank can go below 31 rubles, while … Who knows? Incidentally, this plot does not apply to shares of Surgutneftegaz and Transneft. This most likely relates to the shares, who more or less follows the dynamics of the indices.

RTS, day - the signal to the sale from 22 June 2009.

MICEX Index, a daily - a signal on sale from 19 June 2009.

Gazprom, a day - a signal on sale from 18 June 2009.

GMKNorNikel, day - the signal to the sale from 17 June 2009.

Lukoil, a day - a signal on sale from 17 June 2009.

Rosneft day - a signal on sale from 17 June 2009.

Sberbank on, full-time - the signal to the sale from 22 June 2009.

Tatneft, day - the signal to the market with 16 June, 2009.

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Europe vs. United States

July 2nd, 2009

USD

Here we got to the end of the working week and up to the saturation of the events of the day - rarely see the rate of the ECB meeting and U.S. employment rates of payroll in one day. So surprising that yesterday's movements in the currency market and did not lead to anything significant - who will risk perepozitsionirovaniya not to know the main dish?

So the main question remains what will be whether the recent sharp recovery of the indicators of employment (if I may say restoration - the numbers are still negative, but not as great as before) continued? In May we saw a figure of -345 thousand, as at June forecast is - 375 thousand If you focus on leading indicators of the labor market, received earlier in the week, then we can assume that the rate will remain in the forecast. The planned dismissal in June in the U.S. amounted to 74 393 to 111 182 in May, according to the recruiting company Challenger, Gray and Christmas, Inc. The June value is minimal since March 2008, when the number of planned lay-offs amounted to 53 579. However, according to the ADP, the U.S. company declined in June, more jobs than analysts had expected. The index shows decline in employment in June to 473 thousand people that the worse prognosis (347 thousand), but the May figure was revised to positive (-485 to -532 thousand thousands). In addition, the employment component of ISM index in the manufacturing sector improved to 40.7 against 34.3 in May. Unfortunately, we have no data on the service sector, which has always been a wonderful base for projections.

Thus, to date, tongue slightly outweighed in the positive so that if the number of lost seats once again exceeded 500 thousand - expect large-scale flight from risk and return of the dollar. However, remember that the statistics show the last time: usually initially chosen direction of the dollar change in the light of revised data, as well as the draft risk assessment. Suppose, the rate is less than -500 thousand very positive for the U.S. economy, the first national currency may even grow, but after assessing the global economic outlook raises the demand for riskier assets, and the USD is losing its way.

EUR

euro has strengthened its position in anticipation of the next meeting of the ECB rate. Today, European and American fronts have the same meaning and force of the impact on the market. But still worth to remember that the Central Bank has used almost every possible tool to influence monetary policy, therefore, hardly now expect any radical changes or innovations (bid remain the same, however, as well as the size of purchase of assets). Nevertheless, there still remains, and Trichet's press conference. Read the rest of this entry »

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Stock market: catch, but not ahead

July 2nd, 2009

Wednesday PFTS index closed virtually unchanged, losing 0.03% and concluded its session on the same 411 points as of Tuesday

As noted strategist Astrum Investment Management Konstantin Litvin, schedule index PFTS was like a horizontal straight line, owing to the low bid, which amounted to 0.3 mln. less technical transactions.

Index of the Ukrainian market was moving sideways trend for the greater part of the day and the outcome of the session has lost 0.2%, to close at around 1004 point - stressed Mr. Lytvyn .- The volume of trades at UB was 3.7 mln. We regard it as extremely low.

Day in the stock market was dull, - has agreed to Foyil Securities analyst Alexei Orlov .- Ukrainian Indices just moved to the Russian RTS, which, in turn, show the dynamics of oil prices. In his view, this factor was caused by a lack of significant news on the companies. At the same time, news of the fall in GDP of Ukraine in the first quarter to 20.3% had no significant influence on the course of bidding, as this figure was expected and has already found its reflection in the cost of the Ukrainian assets. Read the rest of this entry »

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Shareholders of the KLA have decided not to pay dividends for 2008

July 2nd, 2009

June 30, the annual general meeting of shareholders of OAO United Aircraft Corporation (JSC KLA), which were approved by the annual report, annual financial statements, including statements of income for the corporation in 2008.

In the absence of net profits, shareholders of OJSC KLA, it was decided not to pay dividends on shares for the year 2008.

The Assembly also elected a new board of directors of OJSC KLA in the 2009-2010 biennium., which included the government of Russian Federation and the private shareholders of OJSC KLA the following:

- Ivanov Sergey Borisovich

- Bezverkhny Valery Borisovich

- Dmitriev, Vladimir Alexandrovich

- Zelina Alexander Nikolaevich

- Andrey Klepach

- Andrew L. Read the rest of this entry »

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Medicine prescribed billions

July 2nd, 2009

Verkhovna Rada took up the bill on the introduction in Ukraine of compulsory public health insurance. According to the document, it is planned to be implemented in four phases. Pay contributions to both employers and employees. The authors estimate the bill, mandatory medstrahovanie give medicine to Ukrainian UAH 25 billion a year.

Yesterday, before the Verkhovna Rada Committee on Health received the bill on the financing of health care and mandatory social health insurance in Ukraine. According to the document, mandatory state medstrahovanie planned for the four phases. In the first phase are invited to insure the 16 million employed people. In doing so, the premiums will be paid by the employer in the amount of 1,5-2% of the monthly payroll of the company, a self-employed contributions will provide local budgets at the expense of the single tax. The rate of single tax in this case would be increased depending on the size of the premium.

As reported by one of the sponsors of the bill, the chairman of the Parliamentary Committee on Health Tatiana Bahteeva (Party of Regions), the first phase of medstrahovaniya takes about three years. According to her, at this stage is scheduled to approve the state program of social health insurance, containing a list of medical services to insured citizens can take for free in all public and community health facilities.

As reported by Mrs. Bahteeva, the development of such a list would be vested in the Ministry of Health.
The second phase also includes the introduction of payment of insurance premiums on the earnings of citizens employed in the amount of 30-35 UAH per month. Self-employed will pay twice as much. In the third stage, the authors of the draft plan to the state budget through the insurance of children, pensioners, soldiers and the unemployed. Read the rest of this entry »

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