0486.HK - United Company RUSAL Plc

HKSE - HKSE Delayed Price. Currency in HKD
2.890
+0.020 (+0.70%)
At close: 4:08PM HKT
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Neutralpattern detected
Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close2.870
Open2.820
Bid2.880 x 0
Ask2.890 x 0
Day's Range2.820 - 2.940
52 Week Range2.000 - 4.970
Volume2,955,343
Avg. Volume3,733,419
Market Cap43.908B
Beta (5Y Monthly)1.29
PE Ratio (TTM)5.89
EPS (TTM)0.491
Earnings DateAug 14, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateSep 07, 2017
1y Target Est0.84
  • Arctic Diesel Spill Caused $2 Billion Damage, Russia Says
    Bloomberg

    Arctic Diesel Spill Caused $2 Billion Damage, Russia Says

    (Bloomberg) -- Russia’s ecological watchdog said the massive Arctic fuel spill from a MMC Norilsk Nickel PJSC tank in May caused 148 billion rubles ($2.1 billion) of damage and asked the miner to pay for it.The vast majority of the damage was to waterways linked to the Kara Sea, according to the Federal Service for Supervision of Natural Resources, known as Rosprirodnadzor. Nornickel, which has pledged to fully fund the clean-up, had estimated the cost to reach $150 million, excluding any fines. The shares slid as much 5.8%.“Potentially the company faces one of the biggest ecological damage fines in Russian history, if not the biggest,” Kirill Chuyko, head of research at BCS Global Markets, said by phone. Still, “the miner can afford it as it pays more even in annual dividends.”Greenpeace compared the biggest fuel spill in the Arctic, in which 20,000 tons of diesel polluted nearby land and rivers, to the 1989 Exxon Valdez accident in Alaska. The mishandling of the spill infuriated President Vladimir Putin, who has held several video links with government officials and Nornickel’s management, including billionaire Chief Executive Officer Vladimir Potanin.Shares in Russia’s biggest miner dropped to the lowest since late March in Moscow, taking this year’s decline to more than 5%. Nornickel said it will comment once it receives documents from Rosprirodnadzor.The bill could also be bad news for United Co. Rusal, Nornickel’s second-largest shareholder, as it uses the miner’s dividends to serve its own debt, Chuyko said. Potanin recently offered to cut the payout, although Rusal had said it’s only ready to discuss the issue when the impact from the fuel spill is clear.Rusal said the amount Nornickel has been asked to pay was unexpected and hopes management will detail how the company will cover the “unprecedented” cost at a Nornickel board meeting that should be called soon.Nornickel has said melting permafrost and soil subsidence damaged the tank, while Russia’s Investigative Committee said the 35-year-old tank was commissioned without proper permits in 2018, the year Nornickel says it was renovated.Scientists have warned for years that thawing of once permanently frozen ground covering more than half of Russia is threatening the stability of buildings and pipelines. The rate of warming in the Arctic is twice as fast as the rest of the world.(Adds Rusal comment in seventh paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Financial Times

    En+ urges EU to drop tariffs for ‘green aluminium’

    En+, the hydropower-to-metals group formerly controlled by Russian oligarch Oleg Deripaska, has called on the EU to eliminate tariffs on low-carbon imports of aluminium, the lightweight metal used in everything from cars to wind turbines. With the EU needing to invest almost €500bn a year to meet its climate goals, Greg Barker, the group’s executive chairman, said there was a huge opportunity to speed up the energy transition by embracing “green aluminium”. En+ controls Rusal, the biggest aluminium producer outside China, and its push for a separate customs code for low-carbon aluminium comes as Germany, which has unveiled sweeping measures to fight climate change, takes on the presidency of the EU.

  • Siberian Black Skies Have Russia’s Dirtiest City Begging for Gas
    Bloomberg

    Siberian Black Skies Have Russia’s Dirtiest City Begging for Gas

    (Bloomberg) -- A Russian city nestled in the vast Siberian forest -- 2,000 miles and four times zones east of Moscow -- has air so bad that the authorities regularly warn people to stay inside.During frequent “black sky” events, caused by Soviet-era factories and coal-fired power plants, Krasnoyarsk has clocked the dirtiest air on the planet, beating out Mumbai and Guangzhou. The record temperatures in Siberia this year mean the city may not get any respite this summer, with the forest fire season forecast to start in late June, a month ahead of usual.“Black skies are common in Krasnoyarsk,” said Yulia Moiseeva, a resident who kept a supply of N95 masks well before the coronavirus pandemic made them ubiquitous. “The smog sometimes is so bad that it’s hard to see the next building.”Krasnoyarsk’s 1 million residents find themselves on the front lines of climate change, facing toxic levels of smog in winter, when coal-powered emissions peak, and in summer smoke from wildfires. The city is emblematic of the wider environmental catastrophe in Siberia, a region bigger than the U.S., where global warming is melting the permafrost and burning one of the world’s biggest forests -- known as the Taiga in Russian.Last month, softening ground probably helped cause a fuel dump in the remote northern city of Norilsk to leak 20,000 tons of diesel into an ecologically fragile river system, perhaps the worst spill in the Arctic since Alaska’s Exxon Valdez disaster in 1989. President Vladimir Putin, long seen as skeptical on environmental protection, is starting to acknowledge the challenge, scolding the giant mining company responsible for the spill and considering pushing ahead with a stalled environment law.The Covid-19 pandemic brings additional challenges. The health crisis will aggravate pollution as the economic fallout forces locals to rely on cheaper, dirtier fuels for heat, according to United Co. Rusal, the world’s biggest aluminum producer outside China and one of the city’s biggest employers.In response, the authorities should accelerate plans to extend a natural gas pipeline to the city, Rusal Chief Executive Officer Evgeny Nikitin wrote to the government in an April 30 letter seen by Bloomberg News.The national weather service says Krasnoyarsk had the dirtiest air of any Russian city in 2018, the latest data available. But Igor Shpeht, who set up a crowd-sourced network of meters placed on volunteers’ balconies, said air quality is much worse than the authorities let on.“Our air is ranked the worst in the world so often that we don’t even pay attention to the global Air Quality Index any more,” Shpeht said.‘Optimistic scenario’It may get worse. Even as Europe moves away from coal, Energy Minister Alexander Novak says Russia wants to boost production by over 50% by 2035 under its “optimistic scenario.” Coal provides the half of the region’s electricity and is used extensively to heat private houses. Although Russia is the world’s biggest natural gas exporter, much of Siberia isn’t connected to the national pipeline network for the cleaner-burning fuel.While Siberia gets half of its electricity from zero-emission hydroelectric stations, a dam 30 kilometers (19 miles) from Krasnoyarsk contributes to the pollution. The Yenisei river downstream never freezes, despite temperatures that average -16 degrees Celsius (3 degrees Farenheit) in January, creating steam that traps harmful particles and exacerbates the smog.Krasnoyarsk’s air quality caught the attention of federal authorities following a 2018 visit by Putin and last year’s fires in the Taiga, a vital carbon sink that absorbs carbon dioxide for the entire planet.New PipelineThe city is now part of a national clean air program that calls for expanding the use of natural gas. The plan calls for a 570-kilometer gas pipeline from the Kemerovo region that regional governor Alexander Uss estimates will cost 120 billion rubles ($1.7 billion).But the proposed pipeline wasn’t included in Gazprom PJSC’s 2020 investment program. Planned investments through 2025 are still under discussion, the state-run gas giant said last month.The Energy Ministry declined to comment on the gas pipeline to Krasnoyarsk, but said there is a plan approved by the government to improve the air in Krasnoyarsk by 2024 that includes modernizing the city’s heating systems and shutting down old boilers.The cost of bringing gas to Krasnoyarsk would be about three times what Russia spends on gasification annually, according to Sergei Kapitonov, an analyst at Moscow’s Skolkovo Energy Center.Regulated gas prices can be one-tenth what the average European consumer pays. That “creates a paradox where large regions of the country with the world’s biggest gas reserves don’t have access to gas and must use coal for heat and electricity generation instead,” Kapitonov said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Rail damage halts supply to Russia's top alumina plant

    Rusal, the largest aluminium producer outside China, is negotiating alternative routes for the raw materials it needs for its Siberian Achinsk alumina plant, after damaged rail infrastructure interrupted supplies, it said on Wednesday. The company said it was in talks with Russian Railways to quickly organise alternative routes to the plant, the largest in Russia, which supplies the Krasnoyarsk aluminium smelter. "As of today, the supply of raw materials to the (Achinsk) plant has completely stopped," it said in a statement adding stockpiles were close to a "critical minimum".

  • Is There An Opportunity With United Company RUSAL Plc's (HKG:486) 37% Undervaluation?
    Simply Wall St.

    Is There An Opportunity With United Company RUSAL Plc's (HKG:486) 37% Undervaluation?

    Today we will run through one way of estimating the intrinsic value of United Company RUSAL Plc (HKG:486) by...

  • Moody's

    United Company RUSAL Plc -- Moody's affirms RUSAL's Ba3 CFR and B1 instrument ratings; outlook remains stable

    Moody's Investors Service, ("Moody's") has today affirmed the Ba3 corporate family rating (CFR) and Ba3-PD probability of default rating (PDR) of United Company RUSAL Plc (RUSAL), one of the largest aluminium producers in the world, as well as the B1 rating assigned to the senior unsecured notes issued by Rusal Capital D.A.C., a wholly owned subsidiary of RUSAL. "The affirmation of RUSAL's Ba3 CFR reflects the expectation that RUSAL's liquidity will remain strong, supported by the dividend stream from MMC Norilsk Nickel, PJSC (Norilsk Nickel, Baa2 stable) and that the company's metrics, while under pressure in 2020 on lower aluminum prices, will return to stronger levels in 2021 as global economies recover from the impact of the coronavirus" said Denis Perevezentsev, Moody's Vice President -- Senior Credit Officer and lead analyst for RUSAL.

  • Reuters

    Rusal, Glencore agree aluminium deal worth up to $16.3 billion

    Russia's Rusal has approved a new long-term aluminium supply contract with Glencore worth up to $16.3 billion, it said in a Hong-Kong regulatory statement on Friday. Swiss trader and metals producer Glencore has long been one of the main clients of Hong Kong-listed Rusal, the world's largest aluminium producer outside China. Glencore owns a stake in Rusal parent En+ Group.

  • Reuters

    En+ raises stake in Rusal to 57% after Glencore asset swap

    Russia's En+ Group has raised its stake in aluminium giant Rusal to 56.88% after completing an asset swap with Glencore, part of a deal that has helped companies controlled by Russian tycoon Oleg Deripaska to ward off U.S. sanctions. En+ Group and Glencore agreed in 2017 that Glencore would swap its 8.75% stake in Rusal for shares in En+ Group, an aluminium and hydropower group controlled by Deripaska, following En+'s initial public offering.

  • Moody's

    United Company RUSAL Plc -- Moody's announces completion of a periodic review of ratings of United Company RUSAL Plc

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of United Company RUSAL Plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Reuters

    Russia's Rusal faces tough market for aluminium even after sanctions dropped

    Rusal entered the aluminium "mating season" - when customers and producers get together to strike deals - hoping to win back clients lost a year ago, when U.S. sanctions hit the company's bottom line and roiled world aluminium markets. Washington lifted the sanctions on Rusal in late January after intense negotiations and a series of organisational changes, though restrictions on its founder Oleg Deripaska remain. Sanction risks are no longer an issue in discussions with clients, Rusal's Sales and Marketing Director Roman Andryushin said, but trade wars and a slowdown in global economic growth have created a "depressive" market.

  • Reuters

    RPT-COLUMN-Sustainability the new battleground for aluminium producers: Andy Home

    The U.S. aluminium producer has just announced a five-year review of around 4.0 million tonnes of alumina capacity and 1.5 million tonnes of smelter capacity. It's not quite an annual event but Alcoa shareholders have been here many times before as the company keeps trying to move down the cost curve in the face of chronically depressed prices. On the London Metal Exchange (LME) three-month aluminium has ground steadily lower over the course of 2019 and at a current $1,720 per tonne is close to the near three-year low of $1,705 recorded earlier this month.

  • Reuters

    COLUMN-Sustainability the new battleground for aluminium producers: Andy Home

    The U.S. aluminium producer has just announced a five-year review of around 4.0 million tonnes of alumina capacity and 1.5 million tonnes of smelter capacity. It's not quite an annual event but Alcoa shareholders have been here many times before as the company keeps trying to move down the cost curve in the face of chronically depressed prices. On the London Metal Exchange (LME) three-month aluminium has ground steadily lower over the course of 2019 and at a current $1,720 per tonne is close to the near three-year low of $1,705 recorded earlier this month.

  • TheStreet.com

    Potential Ways the U.S. Could Target Chinese Listings

    The White House has issued assurances that it is not about to delist Chinese companies from U.S. markets, but it wouldn't be a stretch to see state-owned enterprises come under fire.

  • Restricting US capital flows into China could impact global markets, analysts warn
    South China Morning Post

    Restricting US capital flows into China could impact global markets, analysts warn

    Proposals to restrict United States capital flows to China could have wider ramifications on Chinese firms listed on global stock exchanges, analysts have warned, potentially roiling world financial markets amid concern the China-US trade war could turn into a full-blown capital war.Media reports last week suggested the Trump administration was looking into two measures to restrict the flow of US capital to China, including delisting Chinese firms from US stock exchanges and prohibiting US government pension funds from investing in bond and equity markets.Sean Darby, chief global equity strategist at brokerage Jefferies, said in a research note on Monday that the proposals were "far more draconian than the sanctions imposed on Russia" following its annexation of Crimea, and would "ultimately undermine the US capital markets". In 2014, the US imposed sanctions on Russia by targeting listed companies, entities, exports and individuals close to the government.Darby said that the potential economic sanctions on Chinese companies might lead to the closing of the American depository receipt (ADR) market, where instruments representing a share in a foreign stock can be traded. The ADR market capitalisation is more than US$860 billion and Chinese firms make up 90 per cent of the market cap of all outstanding ADRs, according to the report by Jefferies.But analysts have warned the impact could go beyond US ADRs. Chinese companies listed on Hong Kong's stock exchange may be hit if the US pushes ahead with economic sanctions, said David Webb, a Hong Kong-based corporate governance activist who runs Webb-Site.com, citing the example of Russian aluminium giant Rusal.In April 2018, the US Treasury ordered American investors to divest their shares in Hong Kong-listed United Company Rusal on the grounds it was controlled by Oleg Deripaska, an oligarch with close connections to the Russian government. The sanctions caused the Hong Kong-listed stock to crash, forced its exclusion from major stock indices, and prevented dealers quoting prices of the company's stock or bonds, with international rating agencies withdrawing their ratings of the firm."If the US takes action then I don't think it would be limited to ADRs listed in the US, but would apply to Chinese stocks listed anywhere," Webb said.It was inconsistent for Washington to complain about subsidies to state-owned enterprises and protections from foreign firms, while allowing American citizens to invest in the same enterprises via global stock markets, he added.In a lengthy post published on LinkedIn on Tuesday, Ray Dalio, the billionaire founder of the world's biggest hedge fund Bridgewater Associates, said the proposed step of limiting American portfolio investments in China made him wonder if the US was "inching toward bigger moves".The US Treasury said in a statement at the weekend there are no plans to stop Chinese companies listing on US exchanges "at this time", but concerns are growing among investors.China - the largest holder of US Treasuries - could retaliate by dumping US bonds, which would have "terrible consequences", Dalio warned."In any case, from not having to worry about such things in the past, now all market participants need to worry about them," Dalio wrote.Beijing has been stressing that a decoupling between the US and China would not be mutually beneficial."Exerting maximum pressure and even seeking the forced decoupling of China-US relations will harm the interests of Chinese and American companies and people, create turmoil in financial markets, and endanger global trade and economic growth," Chinese Foreign Ministry spokesman Geng Shuang said at a daily news briefing on Monday. "This does not accord with the interests of the international community."For China, the shift of the trade war the US into conflicts over currencies and capital has always been a possibility since it began in July last year. In a report published by Renmin University in September last year, researchers warned that China needed to stay alert and ready for currency, capital and economic warfare, highlighting the possibility that Washington may force its companies to exit their investments in Chinese markets and impose sanctions on Chinese companies through different channels.Additional reporting by Reuters This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.