BCS Global Markets the investment banking division of the largest independent securities broker on the Russian exchange BCS Financial Group has been diversifying its analytical coverage across Central Europe and the Commonwealth of Independent States to open new investment opportunities for its institutional investor base.
The latest region to be added is Kazakhstan and BCS GM’s team of analysts have produced a report examining the potential of KAZ Minerals - Kazakhstan’s copper and polymetallic miner, which produces 66% of the country’s copper. Findings from BCS’ award-winning analyst team outline a positive outlook for the company, as well as a gradual rise in profitability. This is due to stable copper prices, ramp up of new assets and attractive valuations, which outweigh potential risks, such as corporate governance in Kazakhstan which is expected to be mitigated by new government initiatives.
Oleg Petropavlovskiy, Senior Analyst at BCS Global Markets commented:
The expansion of the analytical research product to other markets such as Kazakhstan and CIS more broadly means our institutional clients’ demands for a broader analytical scope is met. We are pleased to give KAZ Minerals a Buy recommendation. We believe it is undervalued and there is a positive growth story for investors.
A message from management of BCS Global Markets
The continuously evolving nature of the global coronavirus situation has meant we at BCS Global Markets (BCS) are taking all necessary steps to keep business disruption to an absolute minimum.
Effective from today (Wednesday 18th March) employees from all divisions of the business based in our Russia, UK, USA and Cyprus offices who can work from home without creating any even minor possible risk for business continuity of the Group will be working remotely. It is very much business as usual at BCS. Our employees are equipped with secure access to our systems and will follow their normal working hours, keeping in regular contact with their colleagues and clients.
Despite ongoing disruption caused by COVID-19, we want to also assure you that following a sustained period of positive performance, our capital and liquidity position remains very strong. The business is well-placed to meet any subsequent financial challenges and will continue to go above and beyond for our clients.