Вы находитесь на странице: 1из 14

27 2011

Dow

WTI

Shanghai

eRTS

0.00%

0.00%

0.05%

-0.18%

eRTS ; Shanghai Composite


, $

-30
1600

1500

1850

1600

1350
1100

1400

850
600

1300

350
20

21

22

23

26

1D

1 390
1 414
1 265
12 294
2 619
5 879
5 513
18 629
2 191
8 445
1 260

1.02%
1.39%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.05%
-0.3%
0.00%

S&P
DJIA
NASDAQ
DAX
FTSE
Hang Seng*
Shanghai*
Nikkei-225*
S&P .*

YTD

-1.5%
-0.2%
9.2%
9.5%
7.3%
7.0%
6.7%
5.3%
-7.9%
3.5%
9.3%

-17.6%
-20.3%
0.6%
6.2%
-1.3%
-15.0%
-6.6%
-19.1%
-22.0%
-17.4%
0.6%

/
12%
7.7%
8%

5.1%
3.0% 3.2% 3.3%

4%
0%
-4%

-3.3% -3.3% -2.8% -2.6%

YTD

2.36%
3.92%
1.87%
-5.30%
8.94%
5.90%

15.90%
9.03%
18.43%
12.21%
-25.2%
-20.9%

MGTS

UAZA

MSSV

OGKC

TGKF

MRKS

GCHE

MRKV

VSMO

-5.4%
OGKE

-8%


Brent
WTI
Urals

1D

109.3
99.6
109.2
1 607
18 474
7 632

0.00%
0.00%
0.00%
0.04%
0.00%
0.00%

EUR/USD
USD/RUR
EUR/RUR
-30
UST-10

Bund-10

1D

1.3061
31.14
40.71

0.13%
-0.15%
0.10%

, $

115.9
110.3

7.50%
3.13%

111.9

3.25%

YTD

-1.87%
0.78%
2.75%

-2.34%
-1.92%
0.30%

YTM, %

1D

4.63%
1.92%
271
1.87%

.
.
,
,
.

0.00
0.00
0.00
0.00

: , 2011 .
5.4% --. 11 2011
4.4% --.
:
- ,
2010-2011 . RUR 1.75
RUR 778 .
.
ROSN: ExxonMobil
2012 .
ExxonMobil ,


.
MRKH:
, ;
.
RTKM:
, 20%
.
:


(- ).
: ( )
, 2011
US$5.3 . 2011 .
12.9 11.2 2010 . (+15% -). 2012 .,
.
PHOR:
- 2,
16 2011 .


HYDR: (19.12.11)
:
(08.12.11)


18.00: S&P/Case-Shiller,

19.00:
27-31 :
: Bloomberg, Reuters,


+ 7 (495) 785-53-36
www.bcs.ru

27 2011

-30
2 000

vs

1 800
1 600
1 400
1 200

11

11

11

11

11

11

10

1 000

.
, .

, . (Brent)
$109.3 ., ( 31.18
). (-30 +1.02%
1390), , , -
.

S&P 500
1 400
1 300
1 200
1 100

11

11

11

11

11

11

10

1 000

Brent, $/.
140
120

.
. ,
,

. ,
,
$3.423 Comex.

(Nikkei -0.3%, +0.05%).
0.14% $108.11 .
:
. ,
:
US Case-Schiller
.

100
80

11

11

11

11

11

11

10

60


mbradford@msk.bcs.ru


., %

., % .

1.1%

-30

1.0%

0.9%

0.7%

0.0%

0.0%

-0.2%

.
.

-0.3%

10%

-2%

-15%

-30

-18%

-30%

-36%

-39%

-40%

-0.5%

-48%

: Bloomberg

27 2011

. .
-BP .
-BP . .

.
KMG E&P
.
""
.

Eurasia Drilling

GAZP RX
NVTK RX
ROSN RX
LKOH RX
SNGS RX
SNGSP RX
TNBP RX
TNBPP RX
TATN RX
TATNP RX
SIBN RX
BANE RU
BANEP RU
KMG LI
TRNFP RX
AOIL SS
BNGF RU
INTE LI
EDCL LI

RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
USD
USD
USD
RUB
SEK
USD
USD
USD

172
381
211
1 649
25
16
82
72
154
89
143
46
35
15
47 269
84
95
1.88
24



"-."
"-." .

. .

. .

SBER RX
SBERP RX
VTBR RX
MMBM RX
NMOS RX
BSPB RX
BSPBPA RU
VZRZ RX
VZRZP RX
USBN RU
ZENT RU
ROSB RX
MOIB RU
KKB LI
HSBK LI

RUB
RUB
RUB
RUB
RUB
RUB
USD
RUB
RUB
USD
USD
RUB
USD
USD
USD

81
60
0.060
846
570
74
0.30
570
272
0.006
0.038
92
500
2.80
5.35



GMKN RX
RUB

CHMF RX
RUB

NLMK RX
RUB

MAGN RX
RUB

MTLR RX
RUB

EVRZ LI
USD

RASP RX
RUB

PLZL RX
RUB

PMTL RX
RUB

KBTK RX
RUB

CHEP RX
RUB

CHZN RX
RUB

CHMK RX
RUB

AMEZ RX
RUB
ENRC
ENRC LN
GBp

ALRS RU
USD

486 HK
HKD
Petropavlovsk
POG LN
GBp
c
UKUZ RX
RUB

TRMK RX
RUB

KOGK RX
RUB
c
KZRU RU
USD
Uranium One
UUU CN
CAD
.
MASZ RU
USD

NZHK RU
USD

PGHO RU
USD

UNKL RU
USD
-
VSMO RX
RUB
Highland Gold
HGM LN
GBp

-5

FEES RX
IRAO RX
HYDR RX
MRKH RX
EONR RX
IRGZ RX
MSNG RX
OGKE RX

RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB

4 760
372
63
13
264
18
102
1 035
519
153
60
75
2 720
7.7
630
0.99
4.9
636
1 695
73
52 330
0.21
2.13
95.00
5.68
125.00
165.00
5 409
185

0.280
0.033
1.007
2.340
2.179
15
1.793
1.817

1D

*
*

*
*
*

*
*
*

1W

1M

3M

6M

12M

YTD

52WL

52WH

1.0%
0.5%
0.8%
0.6%
1.2%
1.2%
0.6%
0.6%
1.9%
-0.3%
-1.9%
2.2%
2.2%
-2.7%
2.2%
2.7%
5.6%
0.9%

3%
1%
1%
1%
1%
2%
0%
0%
3%
-4%
3%
2%
-2%
-1%
-1%
7%
-3%
0%

3%
-7%
2%
0%
-7%
3%
3%
0%
4%
-6%
5%
-4%
-17%
-4%
-5%
8%
-10%
-2%

9%
3%
9%
3%
-3%
11%
3%
3%
15%
14%
25%
3%
-1%
-8%
48%
8%
11%
32%

-13%
13%
-8%
-6%
-9%
20%
-7%
-5%
-9%
5%
14%
-18%
-24%
-24%
18%
-15%
-39%
-15%

-12%
17%
-3%
-5%
-19%
5%
0%
-4%
4%
7%
12%
0%
-8%
-28%
18%
-20%
-48%
-25%

-11%
13%
-3%
-5%
-23%
4%
1%
-4%
5%
4%
11%
1%
-6%
-27%
26%
-21%
-47%
-27%

139
272
171
1 500
20
11
70
64
120
71
106
40
31
13
28 126
70
85
1.44
15

247
428
276
2 090
36
18
98
83
200
134
158
62
52
25
51 700
126
115
3.80
35

2.0%
2.1%
1.2%
-0.2%
0.0%
2.3%
-2.4%
1.6%
1.2%
-1.0%

0%
1%
-3%
0%
-8%
8%
-4%
3%
4%
0%
14%
2%

4%
0%
-3%
2%
-9%
-5%
19%
-14%
-5%
-1%
-3%
-6%

12%
5%
-12%
-3%
-10%
-19%
-17%
-30%
5%
-8%
-24%
-17%

-16%
-19%
-27%
7%
-42%
-46%
-46%
-38%
-34%
-9%
-45%
-38%

-23%
-21%
-41%
-12%
-56%
-44%
-58%
-38%
-20%
-53%
-49%

-22%
-20%
-40%
-13%
-56%
-44%
-58%
-39%
-18%
-53%
-47%

61
46
0.059
485
430
64
0
545
191
0.040
76
650
2.00
4.90

111
85
0.111
1 399
1 500
187
1
1 595
535
0.057
125
1 200
8.70
12.58

1.1%
2.9%
1.6%
0.3%
-1.0%
-0.8%
1.0%
-1.7%
0.2%
-0.9%
1.2%
2.3%
0.6%
-1.8%
0.1%
3.9%
-0.2%
1.0%
-0.4%
2.7%
6.3%
0.5%
-13.8%
15.4%
-3.3%
1.1%

-3%
2%
-1%
-1%
-4%
9%
-2%
-8%
1%
-4%
-1%
-5%
-4%
-6%
1%
-5%
0%
-3%
-5%
4%
-8%
-2%
29%
0%
-5%
2%

-8%
-8%
-6%
-1%
-9%
21%
13%
-29%
1%
-1%
-13%
-3%
-19%
-13%
5%
-10%
-8%
-4%
-4%
-9%
10%
-8%
-3%
13%
29%
0%
10%
4%

-27%
5%
-9%
-28%
11%
-7%
-44%
-6%
-8%
-31%
-22%
-33%
-14%
5%
-23%
-30%
-8%
45%
-13%
13%
-29%
-11%
-32%
29%
-6%
15%
5%

-33%
-25%
-42%
-49%
-62%
-38%
-37%
-41%
-5%
-35%
-16%
-39%
-62%
-41%
-12%
-54%
-10%
12%
-43%
-19%
-41%
-15%
-58%
-16%
-33%
17%
17%

-30%
-26%
-54%
-61%
-69%
-47%
-51%
-44%
-7%
-28%
-24%
-43%
-71%
-56%
-40%
-59%
-43%
20%
-53%
-23%
-44%
-55%
-70%
-37%
-44%
52%
4%

-34%
-28%
-57%
-62%
-70%
-48%
-53%
-46%
-8%
-29%
-25%
-44%
-71%
-56%
-40%
-59%
-44%
22%
-52%
-26%
-46%
-56%
-70%
-37%
-43%
51%
0%

4 680
310
57
11
262
12
72
856
440
138
57
69
2 700
8
509
1
4.51
538
1 015
62
40 000
0.18
1.85
75.00
112.41
165.00
3 076
143

7 980
599
151
38
990
41
240
2 023
642
245
132
169
10 190
19
1 127
1
14.10
1 170
1 992
177
92 999
0.45
7.02
285.00
255.00
304.00
5 979
217

0.9%
2.4%
0.6%
1.3%
-2.1%
-0.8%
-1.0%
-5.4%

-9%
4%
-2%
-3%
-1%
0%
-6%
-8%

-12%
1%
-11%
-19%
-3%
-5%
-7%
0%

20%
0%
-7%
0%
3%
-11%
-8%
-5%

-27%
-12%
-25%
-35%
-10%
-28%
-28%
-21%

-22%
-33%
-38%
-57%
-26%
-43%
-44%
-35%

-24%
-32%
-39%
-56%
-26%
-43%
-44%
-35%

0.211
0.027
0.995
1.960
1.940
14
1.736
1.720

0.481
0.050
1.716
5.791
3.112
28
3.309
2.915

1W

1M

3M

6M

YTD

52WL

RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB
RUB

1.610
0.009
0.854
0.708
1.955
0.781
34
0.594
0.003
0.310
0.219
10.555
23
53.1
0.079
0.153
0.112
0.069
0.200
0.082
0.003
0.007
0.006
0.007
24.396
0.009
0.064

0.6%
-1.4%
3.2%
-2.6%
0.2%
-0.2%
0.3%
-1.2%
0.9%
0.9%
3.3%
1.7%
-0.1%
0.2%
-2.6%
-3.5%
-1.5%
-3.3%
0.1%
-0.9%
3.0%
0.0%
4.7%
1.7%

5%
-7%
1%
-7%
-7%
-3%
-2%
-9%
-3%
-10%
-6%
-5%
-8%
-8%
-7%
-13%
-12%
-9%
-13%
-6%
-10%
-6%
-6%
-2%
5%
-6%

6%
-12%
-1%
-15%
-6%
-7%
-4%
-16%
-8%
-2%
-19%
-9%
-7%
-20%
-18%
-6%
-18%
-17%
3%
-8%
-23%
-18%
-14%
-8%
-12%
5%
-12%

10%
-19%
-5%
5%
-10%
-16%
-16%
-22%
-22%
1%
-20%
-20%
-6%
-31%
-21%
-11%
-34%
-17%
10%
-8%
-34%
-19%
-29%
-18%
-21%
0%
-21%

6%
-41%
-36%
-21%
5%
-42%
-17%
-36%
-24%
9%
-18%
-41%
-38%
-55%
-34%
-29%
-44%
-41%
-10%
-27%
-53%
-34%
-45%
-33%
-39%
-25%
-34%

-4%
-58%
-50%
-41%
-16%
-57%
-47%
-54%
-44%
-23%
-45%
-59%
-36%
-70%
-65%
-49%
-63%
-61%
-40%
-54%
-68%
-57%
-65%
-60%
-49%
-57%
-50%

-3%
-59%
-50%
-42%
-14%
-56%
-49%
-56%
-44%
-23%
-46%
-59%
-36%
-70%
-65%
-49%
-64%
-61%
-41%
-54%
-68%
-56%
-65%
-60%
-48%
-53%
-51%

1.270
0.009
0.803
0.556
1.710
0.745
31
0.572
0.002
0.260
0.217
10
20
51
0.077
0.143
0.112
0.069
0.147
0.074
0.003
0.007
0.006
0.006
23.607
0.007
0.061

1.745
0.024
1.758
1.267
2.810
1.870
73
1.389
0.005
0.410
0.406
30
50
184
0.235
0.352
0.355
0.185
0.359
0.191
0.009
0.018
0.019
0.019
54.910
0.024
0.144

RTKM RX
RUB
.
RTKMP RX
RUB
VimpelCom Ltd.
VIP US
USD

MTSS RX
RUB
""
AFKS RX
RUB
Yandex
YNDX US
USD
Mail.ru
MAIL LI
USD

CTCM US
USD

MGTS RX
RUB

ARMD RX
RUB

BISV RX
RUB
. .
BISVP RX
RUB
.
CNTL RX
RUB
IBS
IBSG GR
EUR
.
MGTSP RX
RUB

RBCM RX
RUB

SITR LI
USD

TTLK RX
RUB

152
98
10
183
23
20
26
9
474
277
12
4.70
32
16
455
14
0.60
0.20

0.5%
-0.8%
-0.4%
-1.4%
-1.1%
4.0%
2.7%
0.3%
7.7%
-0.1%
1.1%
0.2%
-1.9%
-4.8%
-1.8%
-

4%
-2%
1%
-2%
-3%
14%
-6%
0%
0%
-1%
0%
2%
12%
-4%
-7%
-9%
-3%

-4%
-2%
-15%
-7%
-3%
1%
-9%
0%
-3%
3%
2%
1%
7%
3%
-3%
-11%
-2%

1%
22%
-5%
-3%
4%
-24%
-18%
-6%
8%
-11%
19%
9%
23%
8%
7%
-42%
1%

-21%
13%
-27%
-19%
-23%
-39%
-16%
-55%
10%
-30%
-4%
-16%
-19%
-31%
7%
-61%
-13%
-11%

5%
24%
-36%
-29%
-13%
-26%
-59%
9%
-26%
115%
4%
-69%
-17%
9%
-41%
10%

-3%
23%
-37%
-29%
-15%
-27%
-60%
10%
-25%
112%
-4%
-55%
-18%
9%
-41%
10%

124
65
9
168
20
17
23
8
276
253
5.51
4.01
23
12
350
14
0.50
0.16

252
103
16
264
40
42
45
24
600
499
19.56
7.30
133
24
507
89
1.05
0.27

0.8%
1.2%
0.9%
1.5%
2.7%
-0.4%
-2.1%
2.5%
-

5%
0%
6%
8%
-7%
-2%
-1%
-2%
-

-1%
-2%
-11%
-8%
24%
18%
-7%
-9%
-4%
-2%
-

-7%
-9%
16%
16%
-11%
10%
-1%
7%
17%
11%
-

-12%
-3%
-10%
6%
-27%
-13%
-13%
1%
23%
-7%
-

5%
9%
18%
25%
-16%
-5%
41%
0%
28%
0%
-

0%
4%
18%
20%
-16%
-5%
38%
-3%
28%
0%
-

27
181
3.50
889
210
132
108
13
11.88
18
0.41

51
297
5.50
1 625
385
191
174
20
18.25
28
0.55

-2.3%
1.3%
-3.8%

-1%
-1%
-9%

-10%
-17%
-17%
-9%

44%
-28%
-30%
-12%

-41%
-38%

-45%
-36%

-45%
-36%

0.09
8
318
7 999
0.50

0.28
15
431
13 469
0.95

1.1%
1.4%
1.7%
1.0%
0.9%
3.0%
0.3%
0.7%
1.7%
3.8%
-0.4%
-2.5%

4%
10%
7%
3%
-1%
-1%
-4%
-1%
1%
-3%
-4%
11%

6%
5%
-2%
2%
7%
-11%
-19%
4%
1%
-12%
-9%
12%

1%
-19%
-5%
10%
6%
-30%
-25%
-5%
-14%
-23%
-8%
-11%

-32%
-41%
-40%
-22%
-34%
-36%
-23%
-29%
-48%
-56%
-27%
-46%

-29%
-48%
-54%
-24%
-39%
-51%
-47%
-42%
-72%
-63%
-30%
-

-28%
-50%
-52%
-24%
-39%
-50%
-46%
-43%
-72%
-61%
-30%
-

17
20
5
203
114
13
1 615
701
18
38
166
6

32
48
15
458
318
33
3 120
1 600
66
111
299
16

-1
-3
-1
-7
-2
.

-9

.

-





-2

-5
-6

-11
-13

()

()

.
.

.
.

()
()

27 2011

MSRS RX
TGKA RX
OGKC RX
OGKA RX
VTGK RX
OGKB RX
BEGY RX
MRKC RX
TGKI RX
VRAO RX
KZBE RX
LSNG RX
LSNGP RX
MRKK RX
MRKZ RX
MRKP RX
MRKS RX
MRKY RX
MRKU RX
MRKV RX
TGKB RX
TGKD RX
TGKE RX
TGKF RX
TGKJ RX
TGKK RX
ETGK RX

URKA LI
URKA RX
AKRN LI
AKRN RX
APAT RU
APATP RU
AMMO RU
DGBZ RX
DGBZP RX
NKNC RX
NKNCP RU

USD
RUB
USD
RUB
USD
USD
USD
RUB
RUB
RUB
USD

37
229
4.25
1 362
285
168
153
17
17
23
0.53

KZOS RU
PHOR LI
PHOR RU
PHOR RX
MEFR RU

USD
USD
USD
RUB
USD

0.15
8
300
8 100
0.50

. , ., . .

MGNT LI
USD
X5 Retail Group
FIVE LI
USD
'
OKEY LI
USD

DIXY RX
RUB

SCON RX
RUB

PHST LI
USD
. ()
PHST RX
RUB

VRPH RX
RUB

PRTK RX
RUB
36,6
APTK RX
RUB
.
MVID RX
RUB

AGRO LI
USD

21
23
7
300
151
14
1 641
866
18
40
186
8

1D

*
*
*

*
*
*

12M

52WH

Kernel Holdings
MHP

Astrata Holding
Black Earth Farming


.
()

CEDC

27 2011

1W

1M

3M

6M

AVGR LI
KER PW
MHPC LI
AVGR LI
AST PW
BEFSDB SS
GRAZ RX
CHE LI
GCHE RX

USD
PLN
USD
USD
PLN
SEK
RUB
USD
RUB

6
69
11
6
53
14
24
11
510

2.8%
-2.2%
1.1%
4.0%
1.7%
-7.6%
-2.8%

-2%
7%
-7%
-2%
12%
5%
-2%
-14%
-13%

-21%
7%
1%
-21%
-2%
3%
-13%
-28%
-23%

-46%
5%
-17%
-46%
-29%
-20%
-24%
-24%
-24%

-63%
-14%
-35%
-63%
-38%
-38%
-55%
-41%
-34%

-58%
-4%
-37%
-58%
-42%
-44%
-49%
-45%
-42%

-58%
-8%
-37%
-58%
-43%
-46%
-49%
-41%
-41%

6
53
8
6
44
13
24
10
503

21
88
20
21
106
33
83
22
951

SYNG RX
CEDC US
PKBA RX
KLNA RX
ROST RX
NBAM RU
RSEA RX

RUB
USD
RUB
RUB
RUB
USD
RUB

506
5
1 218
4 043
134
127
75

-1.9%
0.2%
0.2%
0.1%
-0.6%
-2.6%

-8%
-5%
2%
1%
-7%
0%

-17%
49%
4%
11%
3%
10%

-29%
-32%
11%
171%
-27%
-3%

-48%
-59%
-10%
182%
-62%
11%

-66%
-80%
-17%
347%
-82%
-11%

-66%
-80%
-20%
365%
-82%
-9%

490
3
1 020
755
126
90
41

1 550
26
1 630
4 079
778
125
102

0.2%
6.7%
-0.3%
5.3%
0.8%
5.9%
0.5%
2.8%
-1.4%
2.1%
2.2%

-1%
9%
3%
2%
1%
1%
1%
-4%
-7%
7%
0%
-11%
-1%

-9%
-5%
-5%
-2%
-5%
-7%
-2%
-10%
-7%
2%
-5%
-11%
2%

-17%
-3%
-22%
-18%
11%
-9%
-24%
-13%
-38%
-5%
-17%
-47%
-31%

-50%
-55%
-27%
-32%
-26%
-55%
-44%
-41%
-55%
-4%
-56%
-68%
-61%

-54%
-62%
-41%
-43%
-28%
-62%
-19%
-36%
-64%
-15%
-54%
-75%
-71%

-55%
-62%
-38%
-39%
-28%
-60%
-18%
-34%
-64%
-17%
-53%
-76%
-71%

430
2.88
69
2.07
140
0.32
18
160
461
47
0.87
0.40
253

1 248
10.25
148
5.00
288
1.46
41
348
1 507
71
3.30
1.75
1 070

-1%
-2%
-2%

-3%
8%
2%
-17%
2%

28%
-27%
-4%
-14%
-22%
13%

-7%
18%
-21%
-3%
-27%
-48%
-12%

-4%
62%
-15%
-14%
-29%
-46%
-32%

-7%
62%
-26%
-11%
-29%
-47%
-35%

9.00
850
30
2 400
1 200
1 350
1 000
250
501
10
31

15.50
1 300
50
3 200
1 800
1 600
1 200
300
900
28
57

,
()
LSRG RX
RUB

LSRG LI
USD
"" ()
PIKK RX
RUB
""
PIK LI
USD

MSTT RX
RUB
AFI Development
AFID LI
USD
Eastern Property
EPH SW
USD
MirLand Develop
MLD LN
GBp
.
OPIN RX
RUB
Raven Russia
RUS LN
GBp
RGI International
RGI LN
USD
-
HALS LI
USD
-
HALS RX
RUB
()
. .
WTCM RX
RUB

GSGZ RU
USD

GMST RU
USD

LEGS RU
USD
19
MSOT RU
USD
-11
MSTS RU
USD
.
SZES RU
USD
.
GZCE RU
USD

ISKC RU
USD

SCEM RU
USD
Steppe Cement
STCM LN
GBp

12
3 275
33
2 250
1 350
1 050
885
269
600
13
35

.
.
Sollers

.

.
""

. .

-. . .


. .

GAZA RU
KMAZ RX
AVAZ RX
AVAZP RX
SVAV RX
UAZA RX
UAZAP RU
SILM RX
KRKO RU
RKKE RX
RTVL RU
KHEL RX
IRKT RX
UUAZ RX
ZMZN RX
BALZ RU
BORG RU
NKSH RU
OMZZ RX

USD
RUB
RUB
RUB
RUB
RUB
USD
RUB
USD
RUB
USD
RUB
RUB
RUB
RUB
USD
USD
USD
RUB

26
37
20
5.64
306
3.05
0.07
5.40
0.38
6 345
0.07
103
5.98
79
60
31
28
1.00
41

(LSE)
()


. ""

GLTR LI
AFLT RX
NCSP LI
NMTP RX
TRCN LI
FESH RX
PRIM RX
AVSI RU
UTAR RX

USD
RUB
USD
RUB
USD
RUB
RUB
USD
RUB

13
45
7.24
3.01
8
9
3.50
1 450
17

1D

465
3.50
76
2.48
175
0.43
20
185
466
52
1.22
0.40
292

*
*
*
*
*
*
*
*
*

*
*
*

*
*

12M

YTD

52WL

52WH

-1.0%
-1.9%
-0.6%
0.7%
3.3%
-5.7%
-0.1%
-0.1%
4.3%
-0.4%
0.6%
-9.1%
-8.3%
-0.7%

-6%
-4%
-1%
-1%
2%
-1%
9%
-4%
7%
-1%
1%
-9%
-15%
-4%

-7%
7%
8%
-6%
-1%
-12%
-6%
8%
-4%
25%
-3%
2%
-25%
-13%
-11%

-7%
-16%
-1%
11%
-10%
-17%
-26%
-16%
15%
-2%
28%
-8%
76%
-41%
-22%
-19%
-23%
-23%

-33%
-40%
-34%
-29%
-41%
-7%
-26%
-34%
-23%
-15%
9%
-30%
43%
-36%
-22%
-29%
-26%
-45%

-24%
-49%
-43%
-51%
-52%
-21%
-26%
-41%
-39%
-9%
-1%
-42%
18%
-46%
-29%
-14%
47%
-61%

-24%
-49%
-40%
-49%
-53%
-22%
-26%
-41%
-44%
-9%
0%
-41%
16%
-47%
-32%
-14%
47%
-61%

28
37
18
4.20
275
2.91
0.06
5.12
0.30
4 800
0.06
67
5.80
39
60
55
30
0.80
40

58
90
37
12.00
750
5.00
0.08
11.40
0.65
14 500
0.10
125
13.73
80
128
103
50
1.65
119

4.8%
2.6%
1.3%
0.2%
0.0%
0.0%
-3.3%
0.8%

7%
1%
-1%
-1%
3%
6%
-2%
2%

-8%
-9%
-6%
-8%
-11%
-2%
-4%
8%

-6%
-11%
11%
8%
-20%
-4%
-2%
40%

-23%
-34%
-18%
-10%
-32%
-34%
-26%
19%

-27%
-43%
-29%
-26%
-13%
-48%
-31%
7%

-23%
-43%
-28%
-27%
-18%
-48%
-35%
6%

10.90
44
6.05
2.40
6.95
7
3.03
1 350
11

20.77
83
11.68
4.50
12.75
21
7.46
1 800
19

: Bloomberg

* Mid price
5

27 2011

1D

YTD

YTD

,
.

-14%

5.45

GAZP RX
ROSN RX
LKOH RX
NVTK RX
SNGS RX
SIBN RX

172
211
1 649
381
25
143

1%
1%
1%
1%
1%
-2%

-11%
-3%
-5%
13%
-23%
11%

5.51
6.79
52.97
12.24
0.80
4.58

TATN RX

154

2%

5%

4.94

1D

.
., $

OGZPY US

10.9

1%

LUKOY US

53.0

1%

-7%

53.00

SGTZY US
GZPFY US
ALLZF US
OAOFY US

7.9
23.1
12.1
29.4

0%
0%
2%
3%

-26%
10%
-22%
-16%

0.79
4.62
12.05
4.89

Uranium One

NILSY US

15.1

0%

-37%

150.7

GMKN RX
NLMK RX
CHMF RX

4 760
63
372

1%
2%
3%

-34%
-57%
-28%

152.9
2.01
11.95

486 HK
MTL US
MTL/P US
OPYGY US

0.6
8.4
3.5
16.5

0%
0%
1%
-

-59%
-71%
-64%
-55%

6.30
8.37
6.96
32.90

RUALR RX
MTLR RX
MTLRP RX
PLZL RX
MAGN RX
PMTL RX
TRMK RX

193
267
201
1 035
12.61
519
73

1%
1%
1%
-2%
0%
0%
0%

-59%
-70%
-46%
-62%
-8%
-52%

UUU CN

2.1

0%

-56%

SBRCY US

10.3

0%

VTBR RX
SBER RX
NMOS RX

0.06
81.5
570

1%
2%
-

URKA RX
AKRN RX
PHOR RX

229
1 362

MTSS RX
AFKS RX

2.57

""

Mail.ru

VIP US
MBT US

9.5
15.0

0%
-1%

-37%
-28%

YNDX US

20.0

4%

CTCM US

8.9

0%

-60%

9.50
7.48

1D

YTD

.
., $

# .

OGZD LI
ROSN LI
LKOD LI
NVTK LI
SGGD LI
GAZ LI
AOIL SS
ATAD LI
KMG LI

10.9
6.8
53.1
131
8.0
23.4
12.3
29.4
14.5

2%
2%
3%
3%
2%
2%
3%
3%
-3%

-14%
-5%
-6%
9%
-25%
12%
-21%
-11%
-27%

5.46
6.80
53.10
13.05
0.80
4.67
12.27
4.91

2
1
1
10
10
5
1
6
0.17

MNOD LI
NLMK LI
SVST LI
EVRZ LI

15.1
20.2
11.8
17.9

0%
1%
2%
-1%

-36%
-58%
-30%
-48%

150.7
2.02
11.80
53.6

6.20
8.58
6.46
33.23
0.40
16.66
2.33

PLZL LI
MMK LI
PMTL LI
TMKS LI

16.5
5.2
16.5
9.3

-5%
1%
1%
2%

-54%
-64%
-10%
-55%

33.06
0.40
16.52
2.34

0.10
10
1
0.33
0.10
1
0.50
0.50
13
1
4
n/a

-40%
-22%
-

0.00
2.62
18.31

VTBR LI
SBER LI
NMOS LI

3.8
10.4
9.1

2%
1%
7%

-42%
-

0.00
2.59
18.28

2 000
4
1

8 100

1%
1%
1%

4%
20%
-

7.35
43.74
260.15

URKA LI
AKRN LI
PHOR LI

36.7
4.3
8.5

1%
-2%

0%
18%
-

7.35
42.50
253.5

5
0.10
0.03

184
23.24

1%
-1%

-29%
-15%

5.92
0.75

SSA LI

16.9

0%

-32%

0.84

MAIL LI

26.3

3%

-27%

1
2
20
n/a
1
n/a

X5 Retail Group
'

MGNT RX

2 710

0%

-33%

87.0

MGNT LI
FIVE LI
OKEY LI

21.0
23.0
6.6

1%
1%
2%

-28%
-50%
-52%

104.8

0.20
0.25
1

-2
Eurasia Drilling

MHPC

AFID
CEDC

IBS
-
.

HYDR RX
OGKB RX

1.01
0.78

1%
0%

-39%
-56%

0.03
0.03

HYDR LI

3.3

2%

-40%

0.03

100

PHST RX
LSRG RX

1 641
465

0%
0%

-46%
-55%

52.69
14.93

3.01

0%

-27%

0.10

PIKK RX
TRCN RX
GCHE RX

76
2 600
510

0%
2%
-3%

-38%
-9%
-41%

2.45
83.5
16.38

HALS RX
CHZN RX

292
75

2%
2%

-71%
-44%

9.37
2.41

23.7
14.2
3.5
13.1
7.2
10.8
2.5
7.8
10.6
6.3
0.4
4.6
1.9
20.5
0.4
2.4
0.6

1%
3%
7%
5%
1%
-2%
5%
-8%
6%
0%
6%
-2%
-

-27%
-50%
-62%
-23%
-28%
-37%
-39%
-18%
-41%
-58%
-60%
-80%
-47%
-18%
-76%
-46%
-41%

23.70
56.68
17.50

NMTP RX

EDCL LI
PHST LI
LSRG LI
GLTR LI
NCSP LI
MHPC LI
PIK LI
TRCN LI
CHE LI
AVGR LI
AFID LI
CEDC US
INTE LI
IBSG GR
HALS LI
CHZN LI
SITR LI

1
0.25
0.20
1
75
1
1
0.10
0.67
0.10
1
n/a
0.05
1
0.05
1
50

0.10
2.48
78.0
15.90

8.00
2.37

: Bloomberg,

27 2011


Brent ($/.)
WTI ($/.)
Urals ($/.)
, ($/. . )
, ($/. . )

($/. .)
($/. .)
($/. .)
($/. .)
($/)
($/)
($/)
($/)
/ , . ($/)
/ , . ($/)
/
($/.)
($/.)
($/)
($/.)

1D

1W

109
100
109
105
295

1 607
29.11
661
1 423
18 474
7 632
1 841
2 001
578
678

0.0%
0.0%
-

5.93
6.08
0.84
11.42

1M

3M

6M

12M

YTD

52WL

52WL date

52WH

52WH date

1%
7%
4%
-3%
-8%

2%
4%
2%
4%
-14%

0%
25%
3%
-22%
-8%

3%
10%
3%
-32%
-9%

17%
10%
20%
-28%
-10%

16%
9%
18%
-31%
-17%

92
76
90
101
243

30/12/2010
04/10/2011
30/12/2010
23/11/2011
03/10/2011

127
114
123
176
374

08/04/2011
29/04/2011
08/04/2011
09/06/2011
07/09/2011

-1%
-2%
4%
-1%
1%
5%
0%
3%
-1%
-2%

-5%
-8%
15%
-7%
9%
6%
-3%
1%
-1%
-2%

-3%
-9%
1%
-9%
3%
5%
-1%
-8%
-20%
-17%

6%
-14%
-10%
-15%
-17%
-16%
-17%
-19%
-18%
-16%

15%
-1%
-15%
-18%
-23%
-19%
-20%
-17%
-3%
-3%

12%
-7%
-19%
-20%
-25%
-21%
-25%
-19%
-9%
-8%

1 308
26.07
537
1 379
16 925
6 784
1 749
1 945
578
678

28/01/2011
26/09/2011
05/10/2011
15/12/2011
30/11/2011
04/10/2011
20/10/2011
21/12/2011
19/12/2011
19/12/2011

1 921
49.79
862
1 917
29 029
10 180
2 545
2 772
790
825

06/09/2011
25/04/2011
21/02/2011
23/08/2011
21/02/2011
14/02/2011
21/02/2011
28/04/2011
14/02/2011
31/01/2011

3%
3%
1%
2%

3%
5%
-6%
3%

-6%
-2%
-13%
-7%

-11%
-9%
-37%
-13%

-22%
4%
-42%
-14%

-22%
4%
-39%
-15%

5.75
5.67
0.82
10.89

15/12/2011
04/10/2011
14/12/2011
09/12/2011

8.80
7.80
2.11
14.36

10/02/2011
10/06/2011
07/03/2011
31/08/2011

: Bloomberg,

Dow Jones Ind. Av.


S&P 500
Nasdaq

FTSE 100
DAX
CAC-40
Swiss Market Index
AEX
OMX-30
OMX-25
OBX

Nikkei 225
TAIEX
KOSPI
.
IBEX-35
MIB
PSI-20
Irish Overall Index
ASE-20
.
MEXBOL
BOVESPA
MERVAL
IPSA
.
Shanghai Composite
Hang Seng Index
BSE SENSEX
Ho Chi Minh
.
WSE WIG
MICEX-30

XU-100
PX
.
Tel Aviv 25 Index
Tadawul All Share Index
Ftse/Jse Africa All Shr
Dfm General Index
Egypt Hermes Index
Qe Index
Msm30 Index

1D

1W

1M

3M

6M

12M

YTD

52WL

52WL date

52WH

52WH date

12 294
1 265
2 619

4%
4%
2%

9%
9%
7%

11%
9%
4%

3%
0%
-1%

6%
1%
-2%

6%
1%
-1%

10 404
1 075
2 299

04/10/2011
04/10/2011
04/10/2011

12 876
1 371
2 888

02/05/2011
02/05/2011
02/05/2011

5 513
5 879
3 102
5 894
308
982
1 920
356

2%
3%
4%
3%
5%
5%
5%
4%

7%
7%
9%
9%
12%
10%
7%
8%

8%
10%
8%
9%
14%
12%
7%
13%

-3%
-17%
-18%
-2%
-6%
-7%
-15%
-3%

-8%
-17%
-20%
-11%
-14%
-15%
-27%
-11%

-7%
-15%
-18%
-8%
-13%
-15%
-27%
-11%

4 791
4 966
2 693
4 695
256
833
1 718
299

09/08/2011
12/09/2011
23/09/2011
09/08/2011
23/09/2011
23/09/2011
09/08/2011
04/10/2011

6 106
7 600
4 170
6 739
374
1 183
2 721
420

21/02/2011
02/05/2011
16/02/2011
21/02/2011
18/02/2011
19/01/2011
01/02/2011
06/04/2011

8 479
7 093
1 857

1.0%
-0.3%
-0.6%

2%
6%
2%

4%
4%
3%

-2%
0%
6%

-12%
-17%
-11%

-18%
-21%
-9%

-17%
-21%
-10%

8 136
6 609
1 644

25/11/2011
19/12/2011
26/09/2011

10 892
9 207
2 231

17/02/2011
08/02/2011
27/04/2011

8 543
15 074
5 401
2 865
256

4%
3%
2%
5%
2%

10%
8%
4%
14%
-1%

4%
7%
-6%
17%
-20%

-13%
-21%
-23%
-1%
-53%

-15%
-27%
-31%
0%
-62%

-13%
-25%
-29%
-1%
-61%

7 505
13 115
5 127
2 333
245

13/09/2011
23/09/2011
25/11/2011
09/08/2011
20/12/2011

11 165
23 274
8 170
3 038
829

18/02/2011
18/02/2011
17/02/2011
11/05/2011
21/02/2011

37 218
57 669
2 467
4 175

0.5%
-0.1%
-0.5%

5%
4%
1%
1%

8%
5%
2%
6%

10%
7%
-2%
6%

5%
-6%
-25%
-11%

-2%
-15%
-29%
-14%

-3%
-17%
-30%
-15%

31 562
47 793
2 212
3 600

08/08/2011
08/08/2011
04/10/2011
04/10/2011

38 877
71 924
3 701
5 048

03/01/2011
13/01/2011
21/01/2011
06/01/2011

2 190
18 629
15 971
353

-0.7%
1.5%
-1.0%

-1%
2%
5%
-5%

-8%
5%
2%
-9%

-9%
7%
-3%
-20%

-21%
-16%
-13%
-20%

-21%
-18%
-20%
-26%

-22%
-19%
-22%
-28%

2 149
16 170
15 136
346

22/12/2011
04/10/2011
20/12/2011
27/12/2011

3 067
24 469
20 665
529

18/04/2011
08/04/2011
03/01/2011
09/02/2011

37 789
1 390
1 414
52 517
899

1.0%
1.4%
1.1%
-

2%
1%
1%
3%
5%

0%
-1%
0%
3%
7%

3%
1%
3%
-10%
0%

-22%
-15%
-23%
-15%
-25%

-21%
-16%
-20%
-21%
-27%

-20%
-18%
-20%
-20%
-27%

35 349
1 243
1 200
48 600
837

23/09/2011
04/10/2011
04/10/2011
11/08/2011
23/11/2011

50 502
1 865
2 134
70 336
1 278

08/04/2011
06/04/2011
11/04/2011
04/05/2011
07/04/2011

1 124
6 414
32 127
1 330
382
8 785
5 678

0.7%
0.5%
0.1%
-1.1%
-0.3%
0.5%

2%
2%
0%
-3%
-4%
0%
0%

8%
6%
3%
-1%
-2%
3%
5%

4%
5%
8%
-8%
-12%
4%
1%

-7%
-1%
5%
-13%
-29%
6%
-5%

-14%
-3%
0%
-17%
-41%
1%
-16%

-15%
-3%
0%
-18%
-42%
1%
-16%

983
5 232
28 305
1 319
373
7 489
5 408

13/09/2011
02/03/2011
08/08/2011
26/12/2011
23/11/2011
03/03/2011
11/08/2011

1 346
6 795
33 335
1 692
678
9 290
7 044

18/01/2011
17/01/2011
14/02/2011
21/04/2011
10/01/2011
13/01/2011
16/01/2011

: Bloomberg

27 2011


BID

ASK

YTM

. .
1 ..

, $
*

S&P

Fitch

Moody's

- USD
15
100.2
18
137.4
20
102.6
28
170.1
30
115.8

101.2
138.8
103.7
171.6
116.0

3.25%
4.19%
4.47%
5.90%
4.63%

-4
-4
-

3.63%
11.00%
5.00%
12.75%
7.50%

29/04/2015
24/07/2018
29/04/2020
24/06/2028
31/03/2030

3.15
4.96
6.89
9.25
5.45

2 000
3 466
3 500
2 500
1 772

BBB
BBB
BBB
BBB

BBB
BBB
BBB
BBB
BBB

Baa1
Baa1
Baa1
Baa1
Baa1

13-1
14
15
16
18
19
20
22
34
37

106.6
107.7
100.5
103.4
111.8
118.5
105.6
101.2
116.5
102.0

107.4
108.7
101.5
104.2
113.0
119.4
107.2
102.2
117.6
103.0

3.09%
4.51%
4.67%
5.23%
5.65%
5.94%
6.06%
6.21%
7.04%
7.03%

-6
9
4
8
0
19
3
1
3

9.63%
8.13%
5.09%
6.21%
8.15%
9.25%
7.20%
6.51%
8.63%
7.29%

01/03/2013
31/07/2014
29/11/2015
22/11/2016
11/04/2018
23/04/2019
01/02/2020
07/03/2022
28/04/2034
16/08/2037

1.10
2.32
3.59
4.28
5.04
5.57
6.16
7.48
10.96
11.80

1 750
1 250
1 000
1 350
1 100
2 250
568
1 300
1 200
1 250

BBB
BBB
BBB
BBB
BBB
BBB
BBB+
BBB
BBB
BBB

BBB
BBB
BBB
BBB
BBB
BBB
ABBB
BBB
BBB

Baa1
Baa1
Baa1
Baa1
Baa1
Baa1
Baa1
Baa1
Baa1

13-1
13-2
15
17
21

104.5
104.6
100.9
99.6
95.7

105.4
105.6
101.9
100.6
96.6

2.48%
2.67%
4.89%
5.26%
6.20%

12
14
9
3

6.48%
6.47%
5.50%
5.40%
5.72%

15/05/2013
02/07/2013
07/07/2015
24/03/2017
16/06/2021

1.33
1.42
3.17
4.56
7.37

500
500
1 500
1 250
1 000

BBB
BBB
BBB
BBB
BBB

A3
A3
A3
A3
A3

14
17
19
20
22

105.0
101.2
103.2
97.6
99.9

106.0
102.5
103.9
98.1
100.9

4.13%
5.80%
6.60%
6.41%
6.53%

0
4
11
3

6.38%
6.36%
7.25%
6.13%
6.66%

05/11/2014
07/06/2017
05/11/2019
09/11/2020
07/06/2022

2.63
4.67
6.09
6.88
7.66

900
500
600
1 000
500

BBBBBBBBBBBBBBB-

BBBBBBBBBBBBBBB-

Baa2
Baa2
Baa2
Baa2
Baa2

- 18
- 20

106.9
102.8

107.9
103.9

6.32%
6.62%

-1

7.88%
7.25%

13/03/2018
02/02/2020

4.97
6.12

1 100
500

BBBBBB-

BBBBBB-

Baa2
Baa2

20
21

106.6
85.5

107.8
86.5

7.38%
10.05%

-1
3

8.63%
7.75%

22/06/2020
02/02/2021

6.26
6.24

750
1 000

BB /*BB

BB+
-

Ba2
Ba3

18
17

100.8
93.3

102.2
94.6

9.03%
7.87%

7
2

9.50%
6.70%

24/04/2018
25/10/2017

4.82
4.82

509
1 000

B+
BB

BBBB-

B2
Ba2

12
13

104.1
99.0

105.3
101.0

3.57%
5.89%

2
-

9.25%
6.50%

17/12/2012
21/10/2013

0.94
1.72

200
400

BB
BB

Ba3
Ba3


25067
25068
25077
26206
26205

103.9
111.1
98.3
96.6
94.7

104.0
111.1
98.4
96.8
97.0

6.39%
7.43%
7.95%
8.29%
8.23%

-20
-4
-2
-2
-16

11.30%
12.00%
7.35%
7.40%
7.60%

17/10/2012
20/08/2014
20/01/2016
14/06/2017
14/04/2021

0.77
2.28
3.48
4.57
6.69

45 000
45 000
97 232
82 784
44 801

BBB+
BBB+
BBB+
BBB+

BBB
BBB
BBB
BBB
BBB

Baa1
Baa1
Baa1
-

48

94.8

96.0

8.18%

-8

8.00%

14/06/2017

4.58

22 885

BBB

11
12
10
1

113.8
96.8
103.5
95.9

113.8
98.0
103.5
97.0

7.74%
0.29%
0.83%
4.57%

-1
-7

13.75%
0.10%
9.00%
8.00%

24/06/2014
16/05/2019
29/01/2020
12/04/2021

2.21
0.39
1.05
3.67

5 000
15 000
5 000
10 000

BBB
BBB
-

BBB
BBB
BB+

Baa1
-

1
12
5

99.0
99.0
92.0

99.9
102.0
105.5

2.02%
2.24%
2.38%

-4
-41
-21

9.00%
8.50%
12.75%

25/11/2013
28/08/2017
21/12/2014

0.41
1.54
0.95

2 000
5 000
5 000

B+

BB
-

B2
Ba3
Ba3

2
13

98.0
91.0

100.3
100.6

4.85%
4.71%

-14
-56

9.95%
10.00%

19/10/2020
25/08/2020

3.23
3.06

10 000
5 000

B+
-

95.0
100.0
90.0

96.4
100.3
90.0

4.50%
4.20%
13.88%

-9
-3
-

8.15%
9.75%
8.00%

03/11/2020
03/10/2013
28/02/2014

3.36
0.75
1.98

15 000
3 000
5 000

BB+
-

8
-1
-5

: Bloomberg

* .

27 2011

1-31/12/2011
30/12/2011


, 911

28-31
12/28/2011
12/28/2011
12/29/2011
12/30/2011 09:00
12/30/2011

()
CPI (--)
CPI ,
, $
PMI
, .

3
26 .
26 .
23 .

-----

23790M
----

26 .

--

--

27 2011

12/27/2011 06:00
12/27/2011 18:00

12/27/2011 18:00

12/27/2011 18:00
12/27/2011 19:00
12/27/2011 19:00
12/27/2011 19:30
27-31 DEC

, , --
20
S&P/Case-Shiller, % --
20
S&P/Case-Shiller, % --
S&P/Case-Shiller



.
.

--0.20%

25.30%
-0.57%

-3.20%

-3.59%

.
.
.
.
.

-58
5
---

141.97
56
0
3.2
100.4

.
.
NOV

----

-0.10%
2.60%
2.80%

NOV
.
.
.
.
.
.
-23
-16

.
.
.
.
.
.
.
.
.

2.4%
--------60.1
1.50%
--0.80%
2.20%
--0.80%
2.30%
---

2.60%
0.20%
2.60%
0.00%
2.30%
0.00%
2.50%
--62.6
10.40%
7.30%
4
0.00%
2.40%
0.00%
2.50%
0.00%
2.80%
-0.10%
2.10%

.
.

-0.00%
1.50%
-9.0B
58.3
0.20%
0.70%

47.7
0.40%
1.60%
-9.1B
56.7
0.70%
-0.40%

12/29/2011 12:00
12/29/2011 12:00
12/29/2011 13:00

12/29/2011 13:00
12/29/2011 13:00
12/29/2011 13:00
12/29/2011 13:00
12/29/2011 13:00
12/29/2011 15:00
12/29/2011 15:00
12/29/2011 17:30
12/29/2011 17:30
12/29/2011 18:45
12/29/2011 19:00
12/29/2011 19:00
12/29/2011 20:00
12/29/2011
12/29/2011
12/29/2011
12/29/2011
12/29/2011
12/29/2011
12/29/2011
12/29/2011

CPI , --
CPI , --
3 , .
3
3 , --
CPI , --
CPI , --
CPI , --
CPI , --
CPI , --
CPI , --



, --
, --

, --
, --
CPI -, --
CPI -, --
CPI , , --
CPI , , --
CPI . - (--
CPI . - (--)

.
.
.

MNI
PMI HSBC
Nat'wide ,--
Nat'wide , --

NAPM
, --
, --

12/30/2011 05:35
12/30/2011 06:30
12/30/2011 11:00
12/30/2011 11:00
12/30/2011 13:30
12/30/2011 19:00
12/30/2011 01/05
12/30/2011 01/05

Sino-Forest Corp

Q3 2011

Imperial Sugar Co

Q4 2011

EPS(F), USD

28/12/2011

29/12/2011

-0.79

10

27 2011


, $

. .,
$

EV,
$

2010

EV/SALES
2011
2012

2010

EV/EBITDA
2011
2012

2010

P/E
2011

2012

. .
-BP .
-BP . .

.
KMG E&P
.
""
.

Eurasia Drilling

5.51
12.2
6.8
53.0
0.80
0.52
2.64
2.32
4.94
2.85
4.6
45.8
35.1
14.5
1 518
12.3
95
1.88
23.7

7.50
16.2
10.4
65.78
1.11
0.64
3.01
2.71
5.50
3.03
5.1
66.10
49.58
-

36%
32%
53%
24%
39%
22%
14%
17%
11%
6%
11%
44%
41%
-

BUY
BUY
BUY
BUY
BUY
BUY
BUY
BUY
HOLD
HOLD
BUY
BUY
BUY
-

130 405
37 153
71 941
45 053
32 653
4 031
40 589
1 044
11 179
420
21 730
8 919
1 215
6 109
2 361
2 105
51
336
3 459

154 824
38 418
88 177
50 592
20 537
43 482
14 220
22 859
12 457
5 731
3 522
87
517
3 483

1.3
10.0
1.4
0.5
1.0
1.1
0.9
0.7
0.9
1.4
1.6
0.7
0.7
1.9

1.1
5.9
1.0
0.4
0.8
0.8
0.6
0.5
0.7
1.1
1.2
0.6
1.4

1.1
5.7
1.1
0.4
0.9
0.9
0.8
0.6
0.8
1.1
1.0
0.5
1.1

3.3
21.0
4.6
3.2
2.5
4.3
5.7
3.6
5.0
3.8
7.9
5.5
4.8
8.0

2.7
12.0
4.1
2.5
1.8
2.6
3.3
2.3
4.2
3.1
5.6
4.1
6.0

2.8
12.1
4.2
3.0
2.3
3.4
3.3
3.2
4.0
3.2
3.8
3.3
4.8

4.1
27.8
6.9
5.0
6.8
6.0
7.0
6.9
5.4
3.8
0.6
9.5
9.1
16.7

3.3
16.5
6.2
3.8
5.0
3.6
4.0
4.0
5.1
3.6
0.4
6.6
17.5
11.3

3.5
16.6
6.7
4.9
6.9
5.0
3.9
6.5
5.2
3.6
0.5
4.4
9.4
9.2



"-."
"-." .

. .

. .

2.62
1.94
0.0019
27.2
18.3
2.39
0.30
18.3
8.7
0.01
0.04
2.97
500
2.80
5.35

4.91
2.83
0.0036
7.78
0.50
38.3
11.0
0.10
1 559
-

87%
46%
85%
225%
67%
109%
26%
155%
212%
-

BUY
BUY
HOLD
BUY
HOLD
HOLD
HOLD
BUY
-

58 436
1 937
20 252
4 892
1 692
962
26
446
11
1 609
439
4 608
125
1 091
1 748

64 612
57 162
7 602
6 206
1 971
192
1 764
1 637
3 227
4 214
394

21%
10%
-98%
14%
4%
2%
11%
1%
11%
7%
17%

ROE
20%
14%
23%
20%
7%
12%
11%
8%
17%

21%
18%
37%
18%
12%
12%
15%
12%
20%

1.6
1.1
3.7
1.0
0.7
0.7
0.9
0.6
1.3
0.4
0.5
1.0

P/BV
1.4
1.0
1.6
0.6
0.7
0.3
0.5
1.0

1.2
1.0
1.4
0.5
0.6
0.2
0.4
0.9

8.7
10.6
7.0
4.9
20.9
47.7
3.6
289.0
3.4
7.3
7.2

P/E
7.3
6.5
5.4
3.0
9.7
2.8
6.8
6.3

6.1
6.1
4.0
2.9
5.4
1.8
3.9
4.8

169
15.9
2.67
0.52
4.85
8.13
5.11
0.69
1.41
1.19
2 898
0.39
6.85
564
8.10
292
346
-

11%
33%
33%
28%
48%
66%
112%
179%
43%
89%
72%
83%
228%
494%
43%
134%
110%
-

HOLD
BUY
HOLD
HOLD
REV
BUY
REV
REV
BUY
BUY
BUY
BUY
BUY
REV
BUY
BUY
HOLD
BUY
HOLD
HOLD
BUY
-

29 143
12 043
12 069
4 525
4 424
7 956
2 553
6 334
6 653
487
912
131
276
123
12 647
7 273
9 571
1 862
1 966
2 189
420
1 299
1 998
135
138
251
99
2 003
937

32 292
16 394
13 825
7 967
11 710
14 265
2 704
6 267
7 134
518
3 563
108
1 854
201
12 380
9 511
20 334
2 641
2 148
6 012
452
2 148
2 186
72
212
368
277
2 110
697

2.5
1.2
1.7
1.0
1.2
1.1
3.8
3.6
7.7
1.1
1.3
0.3
0.6
0.4
1.9
2.5
1.9
4.3
1.7
1.1
1.5
1.3
6.7
0.2
1.5
1.2
0.8
2.2
2.9

2.3
1.0
1.2
0.8
1.0
0.9
3.8
3.0
5.3
0.6
1.1
0.3
0.3
1.6
2.1
1.7
2.4
0.9
0.9
1.2
3.4
0.1
1.0
1.0
0.6
1.7
2.2

2.6
1.3
1.3
0.9
0.8
0.8
3.7
3.2
5.5
0.6
1.0
0.4
0.3
1.5
2.0
1.8
2.0
1.2
1.2
1.3
2.9
0.1
1.0
0.8
0.6
1.5
1.7

4.4
5.1
6.0
5.2
5.8
6.1
7.9
8.8
18.8
7.4
6.5
1.2
9.3
4.8
4.2
8.3
7.8
13.5
6.7
3.1
3.9
12.6
0.5
5.3
5.1
10.5
10.9
5.8

4.5
3.9
4.7
5.0
4.1
4.5
8.3
6.9
10.3
3.4
6.2
1.1
2.3
3.4
4.5
7.5
5.2
4.2
1.7
3.5
5.4
0.4
2.9
3.7
14.5
7.1
3.9

5.5
5.5
5.5
4.8
3.1
4.4
7.3
11.0
11.6
4.3
5.7
1.6
1.8
3.4
4.6
8.2
4.3
7.9
2.5
4.5
4.7
0.4
3.3
3.2
6.2
5.5
2.9

5.6
8.1
8.1
8.8
4.9
14.5
14.0
15.1
29.4
17.9
5.8
2.6
4.9
5.8
10.1
4.9
94.2
5.2
20.5
3.8
4.6
1.5
8.0
6.8
3.3
44.8
7.7

5.8
5.3
6.4
9.3
2.6
7.5
16.9
10.4
14.6
5.4
4.9
2.5
2.2
5.9
5.1
5.3
6.7
4.1
2.0
4.2
9.4
1.1
3.2
4.9
5.9
17.4
7.1

7.4
9.1
8.5
9.3
1.7
6.0
12.5
20.5
16.7
7.9
3.9
4.3
1.9
5.8
5.0
5.3
5.7
14.8
3.0
7.6
8.8
1.2
4.1
5.2
2.6
10.9
5.1

0.0134
0.0013
0.0515
0.1397
0.1032
0.0767
0.0642
0.0753
0.0413
0.0317
-

49%
28%
59%
86%
47%
33%
10%
46%
51%
39%
-

BUY
HOLD
BUY
BUY
BUY
BUY
HOLD
BUY
BUY
BUY
REV

11 282
10 217
9 388
3 321
4 412
2 301
2 289
2 064
2 519
1 083
1 302
1 488
1 884
1 711

12 717
9 831
9 882
7 346
4 384
2 552
2 024
2 696
3 736
2 009
1 149
1 136
1 722
2 137

3.4
3.7
0.7
0.4
2.6
1.2
0.4
1.6
1.0
1.1
0.9
0.6
0.9
1.4

2.5
0.5
2.1
0.3
1.8
1.0
0.4
1.3
0.9
1.0
0.8
0.5
0.8
0.6

2.0
0.5
2.1
0.3
1.5
1.0
0.3
1.1
0.8
0.9
0.6
0.5
0.7
0.5

6.4
26.5
4.9
2.2
9.1
4.2
3.1
9.7
3.1
7.1
21.2
4.4
6.4
13.4

4.5
6.2
4.6
2.1
4.9
3.0
2.5
6.2
3.6
4.3
5.8
2.8
4.6
4.3

3.3
5.1
5.5
1.9
3.8
3.4
2.6
4.7
3.4
3.6
3.4
2.9
4.0
2.7

12.3
24.2
9.3
2.9
13.1
5.3
8.0
16.3
4.5
4.6
12.9
12.0
23.7

12.7
13.5
7.4
3.7
7.2
8.2
10.3
8.2
5.2
12.8
6.6
12.0
8.1

7.9
12.2
9.6
3.2
5.7
5.3
9.9
6.9
7.8
4.0
7.5
7.1
10.3
5.1



153

12.0

2.01

0.40

8.5

17.9

3.27

33.2

16.7

4.90

1.93

2.41

87

0.25
ENRC
9.8

0.99

0.63
Petropavlovsk
9.9
c
54.4

2.33

1 681
c
0.21
Uranium One
2.09
.
95

5.68

125

165
-
174
Highland Gold
2.88

-5

-1
-3
-1
-7
-2

0.0090
0.0011
0.0323
0.0752
0.0700
0.4827
0.0576
0.0584
0.0517
0.0003
0.0274
0.0227
0.0628
0.0251

11


, $
.

-9

.

-





-2

-5
-6

-11
-13

1.0971
0.0191
0.0001
0.0100
0.0070
0.3390
0.7330
1.7054
0.0025
0.0049
0.0036
0.0022
0.0064
0.0026
0.0001
0.0002
0.0002
0.0002
0.7835
0.0003
0.0021

()

()

.
.
.
.

()
()

. .,
$

EV,
$

2010

EV/SALES
2011
2012

2010

EV/EBITDA
2011
2012

2010

P/E
2011

2012

0.0358
0.3502
0.8534
3.4515
0.0041
0.0077
0.0067
0.0035
0.0085
0.0040
-

88%
3%
16%
102%
61%
56%
87%
59%
33%
53%
-

BUY
SELL
HOLD
HOLD
HOLD
BUY
HOLD
SELL
HOLD
HOLD
-

1 144
805
680
427
497
382
68
50
243
555
341
111
562
472
124
447
252
407
690
148
327

1 008
1 286
798
1 987
710
923
126
358
960
609
564
732
597
238
415
127
180
806
286
457

0.5
0.6
0.5
0.5
0.8
1.0
0.4
0.4
0.5
0.4
0.8
0.4
0.5
0.2
0.4
0.2
0.2
0.9
0.4
0.7

0.4
0.5
0.5
0.6
0.7
0.3
0.3
0.4
0.4
0.7
0.3
0.3
0.2
0.3
0.2
0.1
0.7
0.4
0.8

0.4
0.5
0.5
0.6
0.7
0.3
0.3
0.4
0.3
0.6
0.3
0.3
0.2
0.2
0.2
0.1
0.5
0.4
0.6

4.0
3.0
3.4
5.9
5.1
2.4
2.0
4.5
4.9
10.8
260.5
2.8
4.6
10.4
3.5
1.3
3.7
5.4
5.7
177.7

3.8
2.5
3.8
4.2
3.1
1.8
2.4
3.1
4.0
5.5
3.3
2.6
2.1
2.0
2.1
0.8
2.4
3.5
5.6

3.5
2.4
4.1
5.0
3.8
1.5
2.3
2.7
3.1
4.9
2.7
2.4
1.9
1.4
2.3
0.8
1.6
3.0
3.3

12.6
4.8
5.4
2.9
6.5
2.0
2.5
20.2
7.5
25.3
5.4
3.9
16.0
-

8.5
3.7
11.5
7.4
6.8
2.9
8.6
6.1
10.7
5.6
5.0
518.7
3.0
3.6
7.1
-

7.8
3.5
1.6
2.7
8.1
4.5
20.1
6.5
5.3
3.6
2.9
2.7
8.3
44.1

5.00
3.38
9.50
1.27
-

2%
7%
62%
68%
-

SELL
HOLD
HOLD
BUY
BUY
-

15 140
768
15 372
12 106
7 254
6 447
5 498
1 402
1 450
128
386
5
171
509
233
142
115

19 672
40 516
17 721
26 020
6 178
5 296
1 271
1 470
117
449
68
237
569
340
1 132

2.2
3.9
1.6
0.9
15.0
19.2
2.1
1.4
1.0
2.4
2.0
1.1
3.0
82.5

2.1
1.8
1.5
0.8
9.6
10.9
1.6
1.3
0.7
0.9
2.2
0.8

2.0
1.7
1.4
0.7
7.0
8.5
1.5
1.2
0.6
0.7
1.8
0.7

5.9
8.2
3.6
3.7
31.2
111.8
5.6
3.1
8.1
9.6
9.4
16.8
121.2
-

5.4
4.4
3.3
3.1
21.7
22.9
5.0
2.9
5.9
12.6
21.5
10.5

5.1
4.1
3.1
2.8
15.4
17.0
4.7
2.6
5.0
8.9
11.6
7.4

12.1
8.6
6.0
6.4
35.5
33.8
9.1
4.7
10.0
19.8
563.3
-

10.9
7.4
5.6
4.5
25.5
24.3
8.5
4.2
8.1
19.8
38.3
6.7

0.01

134

212

1.1

2.8

13.9
9.2
8.8
7.9
51.3
36.0
9.6
611.2
11.3
16.1
168.1
36.7
1778.
8
5.2

36.7
7.35
4.25
43.7
285
168
153
0.55
0.55
0.74
0.53
0.15
8.45
300.00
260.15
0.50

49.75
9.95
5.98
59.80
18.67
560.00
560.00
-

35%
35%
41%
37%
121%
87%
115%
-

HOLD
HOLD
BUY
BUY
BUY
BUY
BUY
-

22 739
22 738
2 027
2 086
2 121
348
1 375
478
84
1 300
115
279
3 146
3 724
3 229
163

22 988
22 986
3 131
3 190
2 008
1 653
475
1 606
1 206
4 384
4 961
4 466
52

13.5
13.5
2.0
2.1
1.5
1.7
1.3
0.5
1.1
1.7
2.0
1.8
0.2

5.8
7.1
1.6
1.6
1.7
0.9
0.4
1.3
1.4
1.3
0.2

4.7
5.1
1.6
1.6
1.6
1.0
0.3
1.2
1.3
1.2
0.2

28.7
28.7
9.1
9.3
8.2
6.1
4.9
3.0
5.4
6.5
7.4
6.6
1.0

9.5
10.9
5.2
4.9
6.9
2.6
2.5
3.4
3.7
3.4
0.8

7.1
7.4
6.2
5.6
6.3
3.5
2.2
3.7
3.8
3.4
0.7

41.5
41.5
11.0
11.3
10.1
6.5
5.1
4.3
8.0
9.0
10.7
9.3
5.5

13.5
17.3
5.5
5.5
11.8
1.7
3.3
4.1
4.7
4.1
4.4

9.9
11.0
7.2
7.1
10.1
4.5
3.1
4.5
4.6
4.0
3.7

32.56
41.51
13.55
17.97
26.92
107.67
56.38
1.32
2.93
12.33
20.96
31.48
52.18

55%
81%
105%
87%
90%
104%
103%
125%
128%
107%
98%
92%
221%
-52%

BUY
HOLD
BUY
BUY
BUY
BUY
BUY
HOLD
SELL
BUY
HOLD
HOLD
BUY
BUY

9 320
6 226
1 771
1 201
364
2 142
1 991
278
308
135
1 072
901
399
1 604
1 159
399
388
261
123
685
705
417
332
5 935
836

10 027
9 630
1 963
1 725
766
1 912
1 762
293
212
494
809
1 200
487
2 158
1 935
487
617
319
972
1 262
1 282
656
1 558
5 967
998

1.3
0.9
0.7
0.8
0.5
2.0
1.8
1.6
0.1
0.7
0.3
1.1
1.1
2.1
2.0
1.1
2.1
6.8
1.2
1.1
1.1
0.9
2.2
2.3
2.6

0.8
0.6
0.6
0.5
0.4
1.6
1.4
1.3
0.1
0.2
1.0
0.9
1.1
1.7
0.9
1.7
3.5
1.0
0.9
0.9
0.7
1.7
2.2

0.7
0.5
0.5
0.4
0.4
1.5
1.4
1.2
0.1
0.2
0.9
0.7
1.0
1.6
0.7
1.4
2.2
1.0
0.8
0.8
0.6
1.7
2.1

17.2
11.4
8.5
15.7
5.6
5.8
5.4
5.6
2.4
8.6
5.4
4.4
2.5
12.3
5.9
2.5
4.7
12.4
5.8
5.9
6.0
12.4
6.3
15.9

9.7
8.6
7.0
8.3
5.3
4.4
4.1
4.6
2.1
7.0
3.7
6.7
2.3
7.6
5.2
2.3
4.2
6.5
6.1
6.2
3.8
9.8
14.8

8.0
6.6
5.5
6.7
4.7
4.3
4.0
4.2
2.1
5.6
3.5
3.6
1.9
6.3
4.7
1.9
4.2
8.3
6.1
4.1
4.1
3.1
9.5
14.0

27.9
23.0
20.2
139.9
13.3
9.1
8.5
6.4
9.9
13.9
5.3
2.2
10.6
5.6
2.2
3.7
42.8
4.7
4.9
8.4
9.4
26.2

15.4
16.0
12.9
21.1
8.4
6.9
6.4
5.6
7.1
10.4
9.9
2.4
7.1
5.3
2.4
3.4
8.0
5.3
5.5
4.0
12.3
23.3

13.6
10.6
9.0
13.4
7.1
6.7
6.2
5.0
7.1
121.1
9.5
4.8
2.1
6.6
4.8
2.1
3.7
18.7
3.7
3.1
3.2
3.1
10.2
21.0

4.88
.
3.16
VimpelCom Ltd.
9.5

5.9
""
0.8
Yandex
20.0
Mail.ru
26.3

8.9

15.2

8.9

0.40
. .
0.15
.
1.03
IBS
20.5
.
14.6

0.45

0.60

27 2011

. , ., . .

21.0
X5 Retail Group
23.0
'
6.6

9.6

4.86

14.2
. ()
52.7

27.8

0.58
36,6
1.28
.
5.96

7.5

6.3
Kernel Holdings
20.1
MHP
10.8

6.3
Astrata Holding
15.5
Black Earth Farming
2.09

0.78

10.6
. ()
16.4

16.3
CEDC
4.6

39.1

129.8

12


, $

4.3
127
2.41

27 2011
.

13.66
-

,
()
14.93
49.50

3.50
9.90
"" ()
2.45
5.36
""
2.48
5.36

5.62
9.43
AFI Development
0.43
1.02
Eastern Property
20.1
MirLand Develop
2.88
.
15
Raven Russia
0.81
RGI International
1.22
-
0.40
-
9.4
()
. .
0.39

3 275

32.5

2 250
19
1 350
2 072
-11
1 050
1 953
.
885
.
269

600

13
Steppe Cement
0.54
-

. .,
$

EV,
$

2010

EV/SALES
2011
2012

2010

EV/EBITDA
2011
2012

2010

P/E
2011

2012

217%
-

HOLD
-

70
254
192

104
260
243

0.3
1.7
0.3

0.3
0.4

0.3
0.3

3.1
4.6
58.3

3.3
24.3

3.2
6.8

8.3
5.9
-

9.9
-

8.7
12.8

232%
183%
119%
116%
68%
140%
-

BUY
BUY
BUY
BUY
BUY
HOLD
-

1 538
1 803
1 207
1 221
1 586
445
107
287
228
478
197
90
105

2 545
2 810
2 643
2 658
1 585
758
66
531
552
841
347
1 341
1 356

1.5
1.7
2.1
2.1
0.8
16.9
4.8
25.9
3.6
6.4
15.3
50.8
51.4

1.4
1.5
1.5
1.5
0.6
7.7
10.6
8.0
2.2
4.9
17.9
9.4
-

1.2
1.3
1.4
1.4
0.5
5.5
3.9
5.3
2.3
3.9
8.3
6.5
-

8.9
9.8
5.3
45.6
1249
15.6
-

6.2
6.9
64.3
64.7
3.6
16.8
23.8
5.0
12.7
17
-

4.7
5.1
17.6
17.7
3.3
11.6
208.1
11.2
4.3
9.4
19.1
11.2
-

26.8
31.4
27.8
17.2
8.4
12.4
11.5
7.6
-

9.6
11.3
7.7
16.7
16.8
2.9
-

5.6
6.5
86.3
87.3
6.8
10.8
11.2
10.8
2.6
42.4
-

53%
86%
-

BUY
BUY
-

442
134
63
113
102
91
37
208
57
379
97

299
85
515
98
162
127
56
159
146
418
154

2.2
0.2
0.9
0.1
0.7
0.5
0.4
2.9
1.6
1.4
2.1

1.9
2.0
0.5
0.5
1.7
1.6
1.0
1.6

1.6
0.4
0.4
1.3
1.3
0.8
1.3

5.4
3.3
12.4
2.4
25.9
3.8
73.9
520
13.6
9.0
19.3

3.9
13.0
4.0
9.3
13.7
3.7
11.3

3.3
10.7
3.6
4.9
9.8
2.4
7.4

12.5
6.9
14.4
5.2
75.6
9.0
16.6
-

7.0
3.9
28.4
6.5
18.8
8.1
41.8

5.7
17.9
4.8
9.1
32.0
3.9
12.2

13.6
11.4
5.4
13.1
5.9
4.1
3.6
3.3
4.2
-

3.7
6.4
3.3
9.6
5.6
3.3
2.5
3.4
4.0
-

1.6
-

8.1
5.8
6.6
6.7
12.7
12.6
230.6

7.2
7.3
5.9
5.9
10.7
8.8
9.1

.
.
Sollers

.

.
""

. .

-. . .

26
1.19
0.66
0.18
10
0.10
0.07
0.17
0.38
204
0.07
3.32
0.19
2.54
1.94
31

487
839
993
84
337
392
28
1 509
80
229
155
511
224
680
272
34

1 999
1 394
2 675
1 359
408
1 182
79
175
537
496
899
583
333
146

0.6
0.6
0.6
0.7
0.6
0.7
0.6
0.2
1.2
0.7
0.5
1.0
1.3
3.7

0.5
0.4
0.5
0.6
0.7
0.6
0.3
1.0
0.6
0.8
-

0.5
0.4
0.4
0.6
0.7
0.5
0.3
0.8
0.5
0.7
-

6.1
8.9
4.4
9.8
5.8
3.3
3.7
6.3
3.6
4.4
3.3
22.3
14.4

5.9
5.0
8.5
6.0
6.8
2.9
2.0
6.1
2.3
2.8
-

4.3
4.1
5.0
5.2
6.1
2.8
1.6
4.2
2.3
2.6
-

. .

28
1.00
1.32

122
65
303

26
154
776

0.1
0.6
1.0

0.2
-

1.2
8.8
24.2

1.9
-

8.3
7.9
8.1
6.1
142.6
7.4
3.7
3.9
2.6
4.6
13.9
3730.
4
8.8
1.7

13
1.45
7.24
0.10
8
0.28
0.11
1 450
0.56

2 072
1 611
1 859
1 862
1 084
820
90
149
322

2 462
3 019
4 409
4 412
1 374
822
79
393
519

1.8
0.7
6.9
6.9
1.8
1.0
20.9
0.3
0.4

1.8
0.6
4.5
4.5
1.7
0.9
0.2
0.3

1.7
0.5
4.0
3.9
1.6
0.7
0.2
0.2

6.2
4.4
10.6
10.6
9.6
5.1
344
2.6
2.7

5.0
5.0
7.9
7.7
6.2
4.4
0.5
2.5

4.6
4.8
6.9
6.6
5.5
3.5
0.4
1.7

11.7
5.8
7.4
7.4
35.5
1.8
46.2
25.5

(LSE)
()


. ""

: Bloomberg,

: , , Bloomberg

13

27 2011

+7 (495) 785 5336



kchargeishvili@msk.bcs.ru




vmetnev@msk.bcs.ru

+7 (495) 785 5336




mbradford@msk.bcs.ru



apolishuk@msk.bcs.ru

,

vmetnev@msk.bcs.ru



spetryakov@msk.bcs.ru

/

osibiricheva@msk.bcs.ru


opetropavlovskiy@msk.bcs.ru

badaevee@msk.bcs.ru


ifilatova@msk.bcs.ru

etripoten@msk.bcs.ru

,

ipenkina@msk.bcs.ru



esemenov@msk.bcs.ru

+7 (495) 785 7475



ochikhladze@msk.bcs.ru
Equity Sales

aargetkin@msk.bcs.ru


irina.sachenko@msk.bcs.ru


eselyanskiy@msk.bcs.ru


sokolov@msk.bcs.ru


abogdashov@msk.bcs.ru


nruzaykin@msk.bcs.ru


pvasev@msk.bcs.ru


aevsutin@msk.bcs.ru


agiguashvili@msk.bcs.ru


akakaulin@msk.bcs.ru


sdrozdov@msk.bcs.ru


vkrokhalev@msk.bcs.ru



mseleznev@msk.bcs.ru


amikin@msk.bcs.ru

( ).
.
. ;
.
, ,
. , .
, , ,
, . .
.
, . ,
.
, .
.
2011 OOO . .

14

Оценить