MTS – the main outsiders of today’s trading

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Stock MTS, which are traditionally considered defensive and dividend paper, are the main outsiders of today’s trading. They are down more than 6% and traded around the level of 250 rubles, the Company completed the third quarter of 2018 with a net loss of $ 37 billion rubles under IFRS, due to the reflection of the reserve “Uzbek case”. Excluding this non-recurring factor, the group’s net profit amounted to 18.7 billion rubles.
Open now is the question regarding the future dividend policy of the company. Although, from our point of view, the dividend will be. Should I now buy the paper with an eye on the rebound? Probably worth it, and many chips in Russia, not so much. Another thing is that if the us markets collapse, it would have an impact on all Russian stock, and, from our point of view, the probability of this is high.
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Alexander Razuvayev,
The Director of analytical Department,
Alpari