Level-1 ADRs in the company have been available on German stock exchanges since earlier this year. But the company is also undervalued compared to sector peers and the whole Russian power sector stil looks underpriced compared with other emerging markets. Rye, Man and Gor utilities analyst Alexei Minayev issues a full report on Samaraenergo next week. The information contained herewith is based on information made available to the public and is for information purposes only. Information sources are deemed reliable by RMG Securities, however RMG Securities abstains from any liabilities determined from the information herewith.
Analysis is based on dated market information and is subject to change.