WOOD Flash – KAZ Minerals: 2Q18 trading update – on track to meet guidance
KAZ has just announced its 2Q18 trading update. The company remains on track to meet its 2018E guidance, confirmed by CEO Andrew Southam in this press release, which should be taken as a neutral/a small positive, in our view. Only zinc production was below the guidance run-rate in 1H18, but management expects grades to improve hoh. The good news is that the recent development project, Aktogay, is running at close to design capacity already, which bodes well for volumes in 2H18E.
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.