reports
Times Universal Group Holding: 2 directors
Two Directors at Times Universal Group Holding bought/sold 759,367,674 shares at 0.072HKD. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over ...
- Evgeniy Kipnis
- Olesya Vorobyeva
Lenta Ltd: 2Q21 trading update and unaudited financial results – Neutr...
Lenta (LNTA LI: O/W; TP $3.2/GDR) reported its 2Q21 trading update and unaudited financial results. 2Q21 sales growth slowed to -0.2% y/y with the EBITDA margin declining 1.9pp y/y to 9.8%, affected by the high base of previous year with Covid-19 related stockpiling. The 1H21 EBITDA margin reached 8%, at the low range of 2021 guidance. At the same time, the company has upgraded its guidance of selling space expansion, including it acquisions of Billa Russia and Semya (both deals are expected ...
- Evgeniy Kipnis
Lenta Ltd: Billa Russia acquisition – NEUTRAL-TO-POSITIVE
Lenta (LNTA LI: O/W; TP $3.2/GDR) announced an agreement to acquire Billa Russia GmbH (“Billa Russia”) for EUR215mn (c.RUB19.4bn) in cash, expecting the deal to close this summer. We think the transaction coincides well with Lenta’s strategy of expansion into smaller store formats (supermarkets and proximity) and potentially brings some synergies on purchasing. There is 9% and 11% respective upside to Lenta’s selling space and revenues stemming from the transaction. At the same time, the deal...
- Evgeniy Kipnis
Lenta Ltd: 1Q20 trading update and unaudited financial results – Neutr...
Lenta (LNTA LI: O/W; TP $3.2/GDR) reported its 1Q21 trading update and unaudited financial results. 1Q21 sales growth slowed down to 1.2% y/y with the EBITDA margin declining by 2.4pp y/y to 6.2%, distorted by the high base of the previous year, with Covid-19 related stockpiling. However, the company reiterated its earlier guidance of an 8%+ margin for the year. Overall, we see the results as neutral-to-negative, but expect a normalization in sales and profitability dynamics in the coming mon...
- Evgeniy Kipnis
- Olesya Vorobyeva
Lenta Ltd: 4Q20 trading update – Neutral-to-positive
Lenta (LNTA LI: O/W; TP $3.2/GDR) reported its 4Q20 trading update. 4Q20 sales grew 5.3% y/y, supported by 4% LfL sales growth. As a result, 2020 sales increased 6.7% y/y, slightly above our and consensus expectation of 6-6.4% y/y growth. Overall, we see the results as neutral-to-positive for the name. We expect management expectations in 2021 as well as the January performance to be among the key topics during the conference call. Overall, in the pandemic environment, Lenta has materially i...
- Evgeniy Kipnis
- Olesya Vorobyeva
Lenta Ltd: 3Q20 trading update – Neutral-to-positive
Lenta (LNTA LI: O/W; TP $3.2/GDR) reported its 3Q20 trading update. 3Q20 sales grew 4% y/y, supported by 3% LfL sales growth. That, however, decelerated vs Q2 as consumers visited more stores due to the lifting of lockdowns and migrated to summer residences (with a lower Lenta presence in the nearby areas). At the same time, the trend on the one-stop shop consumer experience (similar to Q2) might return in Q4 and support Lenta’s sales. The company reiterated its growth and margins guidance fo...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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