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Sep 13, 2021 10:59 AM

Fundamental KAZT Buy Long

Kuib.AzotMOEX

Description

1. Natural gas is used in the production of nitrogen fertilizers.
2. Natural gas price increased more than 115% since the beginning of the year.
3. Nitrogen fertilizers price increased by 50%
4. KAZT receives 40% of the proceeds from nitrogen fertilizers.
5. KAZT buys gas at previously fixed low price by the way foreign fertilizer producers buy gas at market prices.

Resume: growth of marginality and market value for a medium and long term.

Comment

Fundamental based target price: 620
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