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2011

2011
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Credit Suisse (Outperform): Russian home builders - Maitaining positive 2012 outlook, December 27, 2011 29 kB
VTB (Buy): PIK Group – what’s next?, December 8, 2011 44 kB
UBS (Sell): Russian home builders - Weaker rouble lowers upside, November 24 2011 47 kB
Religare (Hold): PIK Group – Recovery priced in, November 21 2011 97 kB
ING (Hold): Russian real estate – building for the future, November 21 2011 42 kB
Goldman Sachs (Sell): Stress testing Russian homebuilders, October 7 2011 49 kB
Renaissance Capital (Buy): PIK Group 1H11 financial results, September 27 2011 56 kB
Merrill Lynch (Underperform), EEMEA Real Estate View: Perception and reality, August 12 2011 47 kB
Troika (Buy), Russian Real Estate Residential Development: Time to Build Exposure, July 2011 45 kB
Otkritie bank (Buy), Stock correction offers upside, 13 July 2011 54 kB
Uralsib(Buy), More Conservative Outlook On Completions and Margins, 25 May 2011 64 kB
VTB Capital, PIK: European trip notes, 7 June 2011 137 kB
Otkritie bank (Hold), A leveraged bet on property recovery, April 11 2011 195 kB
Goldman Sachs (Neutral), Growth discounted in the price, March 03 2011 80 kB
Credit Suisse (Outperform), Debt restructuring complete - on to a new life, February 25 2011 28 kB
JPMorgan (Overweight), Improving fundamentals to bring ailing shares back onto radar screens, February 21 2011 119 kB
Merrill Lynch (Neutral), Upgrading to Neutral, but still not for the faint hearted, January 28 2011 34 kB
UBS (Sell), Russian residential real estate, January 31 2011 25 kB