"Открытие Капитал": Nomos Bank – strong 4Q11 with positive outlook on 2012 // ПОКУПАТЬ
28 марта 2012 года
We upgrade out target price to 19.1/GDR (from $17.6/GDR previously), while maintaining our BUY rating. Nomos released a strong set of 4Q11 results yesterday, showing gains in its core business amidst a challenging sector environment, and erasing the trading losses of 3Q11. Management guidance for 2012 is distinctly optimistic, and we upgrade our outlook for loan growth, NIM and cost of risk. We view Nomos as good exposure to a sound business strategy and solid implementation, regional growth, and sector consolidation.
- PDF 235 КБ
