Sunday, October 7, 2012

7/10/2012: VTB and Sberbank relative position vis peers

Another interesting point from the Goldman note on euro area banks, relating to Russian banks - see chart below (you'll need to click to enlarge it):

Note that per my latest recent assessment of Russian equity markets, both VTB and Sberbank are relatively undervalued.

Original note is linked here.


AL said...

go long VTB and Sberbank?

TrueEconomics said...

No recommendation from me... Can't do advice on open platform like a blog. So most certainly not a strategy recommendation of any sort.