Power Hedge
Macro, energy, alternative energy, contrarian

YIT Group's Three New Projects Expand Exposure To Strong Russian Housing Market

Executive summary:

  • YIT Group started construction on three major housing complexes in Russia in the fourth quarter
  • The apartments that YIT Group is building represent a substantial upgrade for most newly middle-class Russians
  • It is likely that Russians will want to move to these apartments to improve their standard of living
  • These projects should expand the company's footprint and reputation in Russia
  • These projects should materially reduce the company's dependence on the weak Finnish housing market

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Over the past several weeks, Finnish construction company YIT Group (OTC:YITYF) announced several new construction projects in Russia which could serve to grow the company's footprint in the nation. In my previous article on YIT Group, I stated that Russia could...

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