Report

ATON DAILY (OGZD, LKOD, ALRS, VTBR, LNTA, NCSP, MFON) // August 31

â–² Gazprom (OGZD LI; BUY, tp – $5.3) beats consensus with 2Q17 EBITDA

● Gazprom (OGZD LI; BUY, TP – $5.3) 2Q17 conference call

● LUKOIL (LKOD LI; BUY, TP – $67) 2Q17 conference call takeaways

● Alrosa (ALRS RX; BUY, tp – RUB125) 2Q17 IFRS EBITDA +3% on consensus

● VTB reports solid 7M17 IFRS results (VTBR RX; SELL, TP – RUB0.065)

● Lenta (LNTA LI: HOLD, tp – $8/GDR) reports neutral 1H17 IFRS results

● NCSP Group (NMTP RX: NR) reports neutral 1H17 IFRS results; cash flow is sufficient for dividends

● Megafon (MFON RX; HOLD, TP – $10.6) reports neutral 1H17 IFRS results

Provider
Aton
Aton

Since its inception in 1991, ATON has built a reputation for combining in-depth local knowledge of the Russian market with the highest international standards in research, sales and trade execution. As a result, we have been able to attract many of the leading domestic and international institutional fund management groups as our clients. As one of the leading independent investment banks in Russia, we offer the full range of institutional brokerage service, including:

  • Detailed fundamental analysis of economics, sectors and companies, with the widest coverage universe in Russia and the CIS;
  • Timely trading ideas to help clients take advantage from short-term pricing discrepancies;
  • Competitive prices and prompt execution of trades;
  • An on-line platform providing easy access to all our research products and tools.
  • Client-focused Service
  • We employ state-of-the art technology to ensure the highest quality of investment services as well as the highest level of data protection.


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