Opinions
Christine Tan
Sberbank
SBRCY-5
COMMENT
Aug 31, 2017
N/A
Stock price when the opinion was issued
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The largest bank in Russia and very well-managed. She thinks the Russian economy is going to gradually recover after an extremely tough 2015. In 2015 when inflation levels went from 6% to 17%, loan growth just compressed. Even in that environment, this bank managed to eke out a gradual tiny little net income with ROI roughly 1%. Trading at only 6X earnings. With oil prices where they are, there is a better outlook for Russia. Dividend yield of 1.04%.
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The largest bank in Russia. The Russian economy has been going through some noise about some additional sanctions. That is impacting the sentiment on Russian equities. This bank is extremely inexpensive at about 6X current earnings and a little less for forward earnings. She still likes this. Dividend yield of 3.3%.