Kazatomprom: Superpower in uranium (stays BUY)
We have raised our price target (PT) for Kazatomprom to USD 30/GDR and we maintain our BUY rating. Our higher PT reflects our expectations of the continued tightening of the uranium market and a weaker Tenge (relative to our previous assumptions). As the largest and lowest-cost publicly-listed uranium producer worldwide, Kazatomprom offers a unique opportunity to participate in the recovery of the uranium market, in our view. Major nations have committed to the Paris Agreement, which envisages reaching net-zero emissions by 2050E (2060E in the case of China) and we see nuclear power playing an important role in achieving this ambitious goal.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.