"Открытие Капитал": UC RUSAL – financials pressured // ДЕРЖАТЬ
27 марта 2012 года
UC RUSAL released its FY11 financial results on 19 March. Based on the FY11 financials, information gleaned from the conference call and our recent meeting with management, we have updated our valuation model for RUSAL (the major change being a reduction in our aluminium price forecasts, which will pressure financials). We downgrade our rating, to HOLD from Buy, and reduce our target price to HK$6.8 from HK$10.1.
- PDF 467 КБ
