Central Bank Rate, Gazprom Dividends, NVIDIA Reporting: Investor's Digest
The Central Bank will hold a meeting where it will make a decision on the key rate. The Board of Directors of Gazprom will discuss the payment of dividends for 2021. NVIDIA provided a negative outlook for the II quarter. notable events,
On May 26, the Bank of RUSSIA will hold an extraordinary meeting on monetary policy, where it will discuss the key rate. The Board of Directors of the Central Bank will meet two weeks earlier than the scheduled meeting scheduled for June 10.
The Central Bank announced an unscheduled meeting on the rate for the first time
“This urgency is caused by a decrease in the flexibility of the foreign exchange market due to internal and external restrictions on capital transactions and difficulties with the restoration of imports - as a result, the ruble continues to strengthen excessively,” said Maxim Petronevich, Senior Economist at Otkritie Bank.
Sophia Donets, DIRECTOR, Economist for Russia and the CIS at Renaissance Capital, believes that two triggers could hasten the Central Bank - a decrease in inflation expectations to 11.5% and "a significant, large-scale, ongoing strengthening of the ruble."
Alfa Capital Portfolio Manager Yevgeny Zhornist also drew attention to the fact that inflationary pressure is easing - over the week from May 14 to May 20, prices fell by 0.02%.
According to the Renaissance Capital forecast, the Central Bank may cut the rate by 200 bp following the meeting. - up to 12%. Loko-Invest's base rate forecast is a decrease by 200-250 bp to 11.5-12%. However, the investment company does not rule out that the reduction could amount to 300 bp, "if the Central Bank is confident in the downward trajectory of inflation, maintains a rather negative view on the economy in 2H22-2023 and is seriously concerned about the ruble exchange rate." Alfa-Bank expects that the Central Bank may lower the rate to 10%. In addition to the factors mentioned above, Natalia Orlova, chief economist at Alfa Bank, pointed to concerns about a decline in economic activity. “Leading indicators of economic activity indicate that Russian GDP began to decline in the second half of May,” the expert noted in the review.Experts predicted a new rate cut at an early meeting of the Central Bank
Dividends of GazpromOn May 26, the Board of Directors of Gazprom will consider the issue of paying dividends for 2021.
The news caused a big stir among investors who bought shares of the gas giant in the hope of dividends . Since May 17, when the company announced the upcoming meeting, the shares of the gas giant have grown by 11% and at the end of the day on May 25 amounted to ₽271.4 per share. At the same time, only on May 17, quotes rose by almost 6%.
Analyst of Finam financial group Sergey Kaufman and director of the department for work with shares of Sistema Capital Management Company Konstantin Asaturov note that the company's strong financial position and the state's need for dividends from Gazprom speak in favor of paying dividends.
The construction of infrastructure to redirect gas supplies to the East, which will require significant costs, could be a factor against it, wrote Igor Galaktionov, an expert on the stock market at BCS Mir Investments.
In general, experts note that if Gazprom adheres to the dividend policy, the company can pay ₽52.5 per share. However, Asaturov does not exclude that "dividend payments will be reduced by one and a half to two times, taking into account the current uncertainty in the issue of gas supplies to Europe."
Will Gazprom pay dividends? Experts on the main intrigue of the season Oil and gas , Gazprom , LUKOIL , Dividends Top 10 rates on deposits and savings accounts
The average rate of the 54 largest depository banks on deposits for a period of one year in the amount of ₽100 thousand as of May 26 is 8.38% per annum, according to the FRG100 index.
The most favorable deposit rate as of May 26, 2022 is 20% per annum.
Top 10 banks with high effective rates on deposits and savings accounts as of May 26, 2022:
SDM Bank - up to 20.77%; Alfa-Bank - up to 20%; BBR Bank - up to 19%; Novikombank - up to 18.05%; Sinara - up to 18%; Gazenergo - up to 18%; Solid Bank - up to 17.04%; Ayusolut Bank - up to 16.5%; Loco Bank - up to 16%; BZHF Bank - up to 15.75%.Source: Banki.ru financial marketplace (the effective rate is calculated according to the Banki.ru methodology and is not an offer, detailed conditions are available from credit institutions).
What is a swap: types, risks and practice NVIDIA reporting
NVIDIA has reported for the first quarter of fiscal year 2023. The company's revenue rose by 46.4% to $8.3 billion against analysts' forecast of $8.12 billion. Earnings per share amounted to $1.36 against expectations of $1.3.
At the same time, the company presented negative forecasts for the future. The company expects its second-quarter revenue to be $500 million lower due to the conflict in Ukraine and covid-19 in CHINA. The company's revenue forecast is $8.1 billion plus or minus 2%. Refinitiv consensus expects $8.45 billion.
NVIDIA CEO Jensen Huang told REUTERS about a decline in revenue for the gaming business in the current quarter.
“In general, the gaming market is slowing down,” Huang said. According to him, due to weaker market demand, NVIDIA decided to reduce sales in the Chinese market . Huang also said the business is suffering from the conflict in Ukraine and seeing "slow sales" in Europe.
Against this backdrop, NVIDIA shares fell 6.8% post-market on May 25 to $158.17 per share.
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Ozon : 2022 first quarter financial statements.
Baidu : before market opening, EPS forecast $5.09, revenue forecast $27.92 billion
DOLLAR General : before market opening, EPS forecast $2.35, revenue forecast $8.7 billion
Gap : after market close, forecast EPS -$0.11, revenue forecast - $3.66 billion
Macy's : pre-market, forecast EPS - $0.82, revenue forecast - $5.33 billion
Alibaba : Q4 FY 2022, pre-market forecast, forecast EPS $7.16, revenue forecast $199.48 billion
Costco : Q3 FY 2022, after market close, EPS forecast $8.52, revenue forecast $116.5 billion
Medtronic: Q4 FY 2022, before market open, EPS forecast $1.57, revenue forecast $8.44 billion
Dell : Post market close, EPS forecast $1.4, revenue forecast $25.13 billion
Red Robin Gourmet Burgers : Post market close, EPS forecast -$0.72, Revenue forecast $372.61M
Manchester United : Q3 FY 2022, pre market open, EPS forecast -$0.15, Revenue forecast $140M
VMware : Q1 FY 2023 post market close EPS forecast $1.56, revenue forecast $3.19 billion
JSCB Primorye : last day to buy shares for dividends ₽1,310 per share; due date is June 14th.
DuPont De Nemours : last day to buy shares at a dividend of $0.33 per share; due date is June 15th.
Union Pacific : last day to buy shares at a dividend of $1.30 per share; payment date is June 30th.
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Dividends are the portion of profits or free cash flow (FCF) that a company pays out to shareholders. The payout amount depends on the dividend policy. Their periodicity is also spelled out there - once a year, every half year or quarter. There are companies that do not pay dividends, but direct profits to business development or simply do not have the opportunity due to poor results. Stocks of dividend companies are most often of interest to investors who want to achieve financial independence or secure a decent standard of living in retirement. With the help of dividends, they create a source of passive income for themselves. More