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.

2 comments:

  1. go long VTB and Sberbank?

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

    ReplyDelete