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  • Sovereign Risk and Currency Risk Ratings by Country  [View article]
    I shocked by recent growth of russian banks stocks given that Russia has lowest banking risk rating.

    SBRBF.PK and VTB-Bank are 12.6% in RSX portfolio (according to vaneck.com/funds/RSX.aspx). SBRBF.PK has smaller size of business and more high market cap that DB, for instance.

    Furthermore, there is lowest banking rating.

    So ... I am confused... really ... Something wrong there ... Something wrong ...

    PS: thanks for article
    Jan 26, 2011. 11:09 PM | Likes Like |Link to Comment
  • Water, Wheat and Russia: An Investment Opportunity?  [View article]
    Definitely, 1 cubic meter is equal 1000 kilogram (1 tone). You lost one zero)
    Dec 2, 2010. 11:17 PM | Likes Like |Link to Comment
  • Asian currency ETF, China Mobile, Indian ADRs, Russian Oil, China Mobile and first US ETF focused on China "A Shares"  [View instapost]
    I would not expect a significant effect of gas supplies to China for the following reasons:

    In 2009 indigenous gas production and consumption in China amounted to 85.2 and 88.7 billion cubic meters respectively. Besides, the consumption rates are growing and dramatically surpassing the extraction rates. According to the forecasts by Chinese and foreign experts, China’s gas demand will rise to 150 billion cubic meters in 2010 and to 280 billion cubic meters in 2020. (see OGZPY.PK) buys gas for "European" prices adjusted ("minus") transportation cost. This is less then earlier (aproximatly $300 for 1000 cubic meter). China want to pay less. Finally, if gazprom will be able to sell gas for "European" price then it'll get only difference between cost of transportation from Turkmenistan to Europe and from Turkmenistan to China. I think it's immaterially.

    The second Asia project - Sakhalin will be completed in 2012. But according to the rumors, average cost of Sakhalin's gas is equal 300-350 for 100 cubic meter. It's very expensively too.

    So I would not bet to Asian projects of Gazprom.
    Nov 6, 2010. 07:49 PM | Likes Like |Link to Comment
  • PEG Ratios for 22 Countries  [View article]
    Actually, higher GDP indicates stronger economics. Hence, higher GDP may indicates more attractive environment of country's equity market. But the other hand, there isn't any strong relationship between GDP and P/E (or P/E and Earning growth, relationship between GDP and future price moving) on historical data. Just try find it. Should be very careful using such comparisons.

    I provided some metric - comparison based on P/E ratio, Government Bond Yield and GDP forecast. (seekingalpha.com/user/...)

    I agree, China is very attractive. But I don't find Russian market very favorable.
    Jul 4, 2010. 04:16 AM | Likes Like |Link to Comment
  • Clarity on Flaws in Geithner Plan  [View article]
    Part 1:


    On Apr 04 05:17 PM Alan Young wrote:

    > A very helpful explanation. It's been re-posted a couple of times,
    > so I can't tell who the original creator of the video is, or where
    > Part I is.
    Apr 5, 2009. 08:21 AM | Likes Like |Link to Comment