|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.46 - 13.57|
|52 Week Range||9.69 - 15.92|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||2.74|
|Forward Dividend & Yield||1.01 (7.64%)|
|1y Target Est||11.60|
Russian coal and steel producer Mechel has asked state-controlled lenders Sberbank , VTB and Gazprombank for more time to make its debt repayments, the banks and company said on Thursday. Mechel, which had already postponed debt repayments to 2020-2022 following lengthy restructuring talks with Russian state banks earlier this year, is now asking to push payments back to 2024-2026, an executive at Sberbank, one of its key lenders, said. The company's first-half results published on Thursday showed it still has net debt of 411 billion roubles ($6.21 billion) excluding fines and penalties, though that was down 12 billion roubles year-on-year.
Sberbank has revised down its corporate lending growth forecast for this year after reporting a jump in second-quarter profits supported mainly by retail and small business lending. Russia's largest bank is transforming itself under Chief Executive German Gref to a banking-to-online services company and has a number of joint projects with Russia's top internet company Yandex.
Russia's Sberbank and internet firm Mail.ru said on Thursday they would invest up to 64 billion roubles ($1 billion) in a new joint platform for taxi services and food, as online sales in the country gather pace. The joint venture will compete with Yandex.Taxi, a unit of Russia's largest internet search engine Yandex and U.S. online taxi service Uber.
Russia's Sberbank and internet firm Mail.ru said on Thursday they would invest up to 64 billion roubles ($1 billion) in a new joint platform for taxi services and food, as online sales in the country gather pace. The joint venture will compete with Yandex.Taxi, a unit of Russia's largest internet search engine Yandex and U.S. online taxi service Uber. The Sberbank-Mail.Ru partnership will broaden the geographic reach of Delivery Club, one of Russia's biggest food delivery services, and accelerate the regional expansion of Citymobil taxi, the companies said.
Russian coal and steel producer Mechel has asked banks to push back its debt repayments to 2024-2026 from 2020-2024, Interfax news agency cited an executive at Russian state lender Sberbank as saying on Wednesday. Mechel, once on the brink of bankruptcy, has been in restructuring talks with its lenders for several years. Mechel submitted a new restructuring proposal to the banks in June, chief financial officer Nelli Galeeva was cited by Interfax as saying at the time, adding that the company hoped an agreement could be reached before the end of the year.
[Editor's note: This story was previously published in February 2019. It has since been updated and republished.] Not all American stocks trade on the major exchanges. In fact, many investors often forget the stocks that trade on the Over the Counter Bulletin Board (OTCBB). Some refer to these OTC stocks to buy as equities that trade on the "pink sheets," named for the color of the paper on which they were printed before electronic trading became more widespread.Instead of using exchanges, such trades occur over computer networks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStocks end up on the pink sheets either because they either don't meet or have not attempted to meet the listing requirements of the New York Stock Exchange or the Nasdaq. Often OTC stocks have become penny stocks involuntarily. They often fail to meet listing requirements due to financial strains. * The 10 Best Stocks for 2019 -- So Far However, one should not assume all OTC stocks trade as penny stocks near bankruptcy. In fact, some OTC stocks have become some of the largest and most successful companies in the world. This sometimes occurs with foreign companies that trade on the major exchanges in their home countries.Despite their prestige at home, these companies may turn to OTC markets to test the U.S. market. If their stock becomes one of the OTC stocks to buy, they will subsequently switch to the NYSE or Nasdaq at a later time. Others may not want to meet the financial disclosure standards required by the exchanges.Whatever the reason, traders should not ignore the OTC markets. In fact, investors looking for OTC stocks to buy may want to consider these five: BAE Systems (BAESY)BAE (OTCMKTS:BAESY) operates in the defense, security and aerospace industries. Based in Farnborough, England, BAE has grown into the U.K.'s largest defense contractor. Despite its presence in its home country, 75% of its revenue comes from outside of the U.K.Revenue and earnings have seen slower growth over the last few years. However, the Trump Administration's attitude toward European defense may force these governments to shoulder more of the defense burden. Furthermore, threats from the Middle East and fears of Russia continue to worsen.Such concerns play into the hands of defense contractors such as BAE. The stock has traded in a range since 2015. A focus on defense within Europe could send it higher. Net income also appears set to move higher. If profit predictions hold up, the forward P/E will hold at about the 15 level. This stands well below the 31.5 average P/E over the last five years.Moreover, even though the stock shows little movement, the dividend helps it become an ideal OTC stock to buy. The dividend saw an increase this year. Shareholders now earn a dividend yield at around 6%. Even if the stock takes longer than anticipated to move higher, BAESY stock pays investors well to wait.Still, with the current geopolitical environment, BAE investors will likely not have to wait for very long. Sberbank of Russia (SBRCY)Sberbank (OTCMKTS:SBRCY) might seem too risky to become one of the better OTC stocks to buy. With the focus on Russian collusion and a relationship between Trump and Putin that has become too comfortable for many, the thought of investing in Russia seems scary.However, some see opportunity amid the fear. American investors such as Jim Rogers have recently sought investment opportunities in Russia. Mr. Rogers cites a strong ruble, a market well off all-time highs and high real interest rates as the reason. SBRCY stock could position an investor for these returns.Sberbank has become the largest bank in Russia. It holds more in assets than the next six largest competitors combined. Sberbank performs retail, corporate and investment banking within Russia. It also invests heavily in Central and Eastern Europe. * The 10 Best Stocks for 2019 -- So Far At a $70=8 billion market cap, it pales in size to U.S. banking giants such as Citigroup (NYSE:C) or Bank of America (NYSE:BAC). It also seems to struggle with gaining respect, though this could work to an investor's advantage. SBRCY stock trades at a P/E of only six or so, well below that of BAC stock. This is despite the fact that revenues have increased by an average of 18.9%-per-year over the last five years.Moreover, dividends have seen sustained growth over the last three years. Today, SBRCY stock pays a dividend of about 4.25%. In today's market, anything related to Russia has become clouded in controversy. However, those that can look past the drama could find a bargain in SBRCY stock. Softbank (SFTBY)Even though it could become one of the more profitable OTC stocks to buy, Softbank (OTCMKTS:SFTBY) has not become a household name. However, this Japanese holding conglomerate has grown to a little more than a $93 billion market cap by investing in some of the better-known names in the tech industry in both the U.S. and Japan.Softbank lists Yahoo! Japan, Uber (NYSE:UBER) and WeWork among its investments. Still, its most famous investments are its 28% stake in Alibaba (NYSE:BABA) and its ownership of about 83% of Sprint (NYSE:S). In fact, one attempt to merge Sprint with T-Mobile (NASDAQ:TMUS) failed because it would have required Softbank to sell too many of its assets.Investors should look at SFTBY stock like a mutual fund. If the T-Mobile-Sprint merger goes through, this will give Softbank a significant stake in America's fastest-growing telecom company as 5G begins to take off. Softbank's results should be boosted by Uber's IPO.SFTBY stock also reported a 49% increase in earnings in its latest quarter. Investments in WeWork and Indian ecommerce firm Flipkart drove much of the net income increase.With its profitable investments and its prospects for the future, SFTBY should continue to report strong results for many quarters to come. Tencent (TCEHY)Tencent (OTCMKTS:TCEHY) has become the largest OTC stock trading today. With a $398 billion market cap, the Shenzhen and Cayman Islands-based conglomerate has grown into one of the world's largest companies.Tencent serves the Chinese market in the internet, social networking, gaming, payment systems, ecommerce, venture capital and many other areas. The company competes with the likes of Alibaba and JD.com (NASDAQ:JD) at home.Overseas, Tencent's influence is also felt in the U.S. as it competes with Activision (NASDAQ:ATVI) and other gaming companies for market share in the emerging esports field. This only scratches the surface of Tencent's influence. * The 10 Best Stocks for 2019 -- So Far Due to its reach and growth, Tencent's size impact has become too large to ignore. Even with the growth, the forward P/E stands at about 23.5. While its P/E stands well above S&P 500's average, it has reached a tiny fraction of the P/E where Amazon (NASDAQ:AMZN) trades.Given the lower P/E relative to earnings growth and its position in the emerging Chinese market, TCEHY should serve as one of the best OTC stocks to buy despite its size.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow him on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Retailers Including Disney Agree to Ditch On-Call Scheduling * The 10 Best Stocks for 2019 -- So Far * 7 Small-Cap ETFs to Buy Now Compare Brokers The post 4 of the Best OTC Stocks to Buy for Future Growth appeared first on InvestorPlace.
A London court has issued a worldwide order to freeze 225 million euros (194 million pounds) in assets belonging to Russia's Antipinsky oil refinery, according to a copy of the order seen by Reuters. The court order was issued by the Commercial Court of the High Court of Justice on April 30 in response to a lawsuit by Russia's VTB Commodities Trading, the document shows. The New Stream Group, which owns the refinery, did not immediately respond to a request for comment.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Denizbank A.S. London, 30 April 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Denizbank A.S. 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.
Russia's largest bank Sberbank is to spend 1 percent of the bank's profit to buy online assets of media company Rambler Group, Chief Financial Officer Alexander Morozov said on Tuesday. Sberbank, which made a record 226.6 billion roubles ($3.51 billion) in first-quarter net profit, has signed a deal to buy a 46.5 percent stake in Rambler Group, a smaller rival to Russia's most popular search engine Yandex.
Russia's Sberbank has signed a deal to take a 46.5 percent stake in media company Rambler Group, the lender said on Tuesday without disclosing the cost of the holding. The deal gives Russia's biggest lender an equal stake to investment holding company A&NN, with Era Capital owning the other 7 percent. Sberbank said the deal meant it would include Rambler's digital products and services on its platforms.
Moody's Investors Service ("Moody's") has today assigned a corporate family rating (CFR) of Ba3, probability of default rating (PDR) of Ba3-PD to United Company RUSAL Plc (RUSAL), one of the largest aluminium producers in the world. Concurrently Moody's assigned a B1 (LGD 5) rating to the senior unsecured notes issued by Rusal Capital D.A.C., a wholly owned subsidiary of RUSAL.
Dubai's Emirates NBD said on Wednesday it will buy Turkey's Denizbank from Russia's Sberbank at a roughly 20 percent discount to a previously agreed price, after a steep fall in the Turkish lira. Under a new agreement reached with state-owned Sberbank, Dubai's largest lender said it will buy Turkey's fifth largest private bank for 15.48 billion lira (2.09 billion pounds), compared to the 14.6 billion lira announced in May.
Leading Russian banks are working on plans to help each other retain at least short-term access to the global financial system in the event that they are hit by fresh U.S. sanctions, sources familiar with the matter told Reuters. Sberbank, VTB, Gazprombank and others are examining how they can provide each other with access to U.S. dollars or other major foreign currencies by using so-called correspondent accounts, the sources said. Banks access financial services in different jurisdictions and provide cross-border payment services to customers in various currencies through correspondent banking relationships.
Sberbank, Russia's biggest lender, reported record high net profit for 2018 despite slower growth in the final quarter. Its net profit rose 11.1 percent to 831.7 billion roubles but growth slowed to 2.2 ...
Sberbank reported a 2.2 percent increase in fourth-quarter net profit to 176.2 billion roubles , Russia's largest lender said on Thursday. Its full year net profit rose 11.1 percent to a record 831.7 billion ...
Russia's biggest bank Sberbank is in talks to buy Russian media company Rambler Group from businessman Alexander Mamut, several sources close to the matter said. Sberbank and Rambler said they were not in talks on an acquisition when asked to comment by Reuters.
Russia's largest lender, Sberbank, is in talks to buy Russian media holding Rambler from businessman Alexander Mamut, a source close to Sberbank, a banking source, a source close Rambler, and two industry sources told Reuters. Asked by Reuters to comment, Sberbank and Rambler denied the talks were about an acquisition.
Moody's Investors Service ("Moody's") today upgraded where applicable the local and foreign currency long-term bank deposits, issuer and senior unsecured debt ratings of twelve financial institutions domiciled in Russia (see list of affected entities below). The rating action follows Moody's upgrade of Russia's sovereign debt rating to Baa3 from Ba1 on February 8, 2019.
MOSCOW (Reuters) - Russia's Sberbank (SBER.MM), a key shareholder in Croatian food producer and retailer Agrokor (AGROK.UL), plans to sell its stake in the first half of this year, Interfax quoted a Sberbank ...