Zoloto Kamchatki IPO. The details of the issue are as follows… If you wish to view the entire report, visit us at GEO Monitor or contact us This report is provided as part of IIR Group Ltd.’s GEO (Global Equity Offerings) Monitor service, which tracks global IPO activity. Our GEO Monitor is the only comprehensive research coverage of global IPO’s outside the US available to the market and provides you with three key deliverables: Weekly IPO Calendar identifying all up-coming global IPO’s... Read Full Story

Schott Solar to start its subscription and trading shortly according to lead manager… If you wish to view the entire report, visit us at GEO Monitor or contact us This report is provided as part of IIR Group Ltd.’s GEO (Global Equity Offerings) Monitor service, which tracks global IPO activity. Our GEO Monitor is the only comprehensive research coverage of global IPO’s outside the US available to the market and provides you with three key deliverables: Weekly IPO Calendar identifying all... Read Full Story

China Vandium Titano-Magnetite IPO. The details of the issue are as follows… If you wish to view the entire report, visit us at GEO Monitor or contact us This report is provided as part of IIR Group Ltd.’s GEO (Global Equity Offerings) Monitor service, which tracks global IPO activity. Our GEO Monitor is the only comprehensive research coverage of global IPO’s outside the US available to the market and provides you with three key deliverables: Weekly IPO Calendar identifying all up-coming... Read Full Story

China Merchant Securities Corp yet to reveal its offer size for the IPO… If you wish to view the entire report, visit us at GEO Monitor or contact us This report is provided as part of IIR Group Ltd.’s GEO (Global Equity Offerings) Monitor service, which tracks global IPO activity. Our GEO Monitor is the only comprehensive research coverage of global IPO’s outside the US available to the market and provides you with three key deliverables: Weekly IPO Calendar identifying all up-coming... Read Full Story

Earning Releases UTi Worldwide Inc (NASDAQ:UTIW) reported robust performance in 2Q 09, driven by revenue growth and cost reduction plans. 2Q 09 performance was broadly in line with consensus estimates and given our optimistic fundamental outlook for the company, we do not anticipate a change to our common stock rating. News The Companhia Siderurgica Nacional (SAO:CSNA3) common stock has declined significantly since our last update report, mainly due to falling demand for steel. In line... Read Full Story

Nippon Telegraph & Telephone Corporation’s (NTT) 1Q 09 revenues were broadly in line with our estimate while profit margins were above our estimates due to exceptional performance at the EBITDA level from NTT DoCoMo. Going forward, although we expect NTT DoCoMo’s performance to be a key trigger for NTT, margins are expected to be a drag considering increased cost of services, partially offset by a decline in cost of equipment sold. Read the full report free of charge with free to view access... Read Full Story

On 04 September 2008 Open Text Corporation (Open Text) announced that it will acquire Captaris Inc., a leading provider of software products for a cash consideration of approximately US$131 mn or US$4.80 per share for each Captaris stock. Although the acquisition is expected to further strengthen Open Text’s Enterprise Content Management (ECM) solutions business, losses reported at operating and net levels remain a cause for concern. We therefore maintain our HOLD rating on the common stock... Read Full Story

Montpelier Re Holdings Limited’s (Montpelier Re) adjusted2 revenues were lower than our expectations in 2Q 08. This was primarily attributable to lower-than-expected growth in net premiums earned and net investment income, as the company’s investment portfolio suffered from weakness in financial markets worldwide. As a result, despite a y-o-y decline in claims and expenses, the company reported a y-o-y reduction in net income. Going forward, we expect softening rates for Property and... Read Full Story

During 1H 08 China Netcom Group Corporation (Hong Kong) Ltd’s (China Netcom) recorded a marginal decline in revenues, in line with our estimate, driven by intense Fixed to Mobile migration (FTM). In addition, EBITDA margin declined, broadly in line with our estimate, due to an increase in staff and other costs and other operating expenses, as a percentage of revenues in 1H 08. As China Netcom will be merged with China Unicom, we have derived China Netcom’s common stock target price based on... Read Full Story

Banco Santander Central Hispano S.A. (Santander) reported strong results in 2Q 08, with strong y-o-y growth in Net Interest Income (NII). NII was primarily driven by growth in business volumes and wider customer spreads. The top-line was further supported by growth in income from companies, accounted for using the equity method. Coupled with improvement in efficiency, this boosted the bottom-line. Going forward, we expect the ongoing slowdown in the domestic Spanish and Portuguese markets to... Read Full Story