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07.05.2010 Finam assigns "hold" advice to Raspadskaya


The 12-month target price assigned is $8.2. Analysts consider Raspadskaya the best industry’s asset, with its current price approaching fair estimations.

In 2009, the company confirmed its example operational efficiency bringing gross profitability to 50+ per cent and extracting $100+ m of profit.

Under the recession conditions, Raspadskaya cut its costs by 40 per cent down to $18.5 per t, Vladimir Sergiyevskiy (Finam, strategist) says. It is two times better than Mechel’s and three times — than Belon’s.


Source:   metcoal.ru