Russian equity market

Russian companies are always deeply discounted to all comparable international companies, even those in emerging markets and eastern Europe. This has led most analysts, brokers and salespeople to point to the total market capitalization of the country's infant stock market as evidence of its un...

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Bibliographic Details
Published in:Global investor 1996-11 (97), p.37
Main Authors: Kontor, Konstantin, Van Beek, Gregory
Format: Magazinearticle
Language:English
Subjects:
Capital markets
Cash flow statements
Corporate profits
Emerging markets
Energy economics
Financial statements
GDP
Gross Domestic Product
International finance
Investment policy
Investments
Investors
Liquidity
Privatization
Profitability
Securities
Stock exchanges
Stockholders
Stocks
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Summary:Russian companies are always deeply discounted to all comparable international companies, even those in emerging markets and eastern Europe. This has led most analysts, brokers and salespeople to point to the total market capitalization of the country's infant stock market as evidence of its undervaluation. Three distinct strategies for investing in Russia include: 1. For investors who believe that the Russian market is undervalued, quality blue chips are hte only way to go. 2. For those with a trader's viewpoint, they should use the "buy today, sell tomorrow" strategy. 3. Investors can also mix strategies to capture liquidity.
ISSN:0951-3604