Boris Krasnozhenov

Alfa

Head of Research (Managing Director) @ Alfa

Boris has over 20 years’ experience in equity, commodity and fixed income research, and investor relations. He joined Alfa-Bank as Head of Research/Senior Metals and Mining analyst in July 2017. Prior to Alfa Bank, Boris was Director, Investor Relations at UC RUSAL. From 2008-14, he was Director, Metals and Mining Equity Research at Renaissance Capital.

Boris Krasnozhenov
Hide filters Show filters
Latest articles from Boris Krasnozhenov

Alrosa: May sales results – Restocking continued despite epidemiological situation

ALROSA (ALRS.RX, O/W, RUB 139.6/share) reported its’ May sales results. The figures came above our expectations yet down vs previous month reflecting seasonal developments as well as major restocking that took place in the end of 2020 and beginning o...
Alfa Boris
Boris Krasnozhenov @ Alfa 10 June 2021

Weekly Radar: Inflation tops week’s agenda and will dictate market direction

Russian equities rise robustly supported by reflation and high crude prices: Emerging markets rallied again last week and Russia was among the outperformers as the reflation trade remained on track. The EM stock universe rebounded strongly last week ...
Alfa John
John Walsh @ Alfa 8 June 2021

Alrosa: Back tall in the saddle after major restocking

After major restocking in 4Q20/1Q21 ALROSA’s 2021 diamond sales are anticipated to reach 43 mn cts, a rise of 37% y/y. We expect ALROSA’s inventories to come below 10 mn cts as of end-2Q21 which represents limited upside for further inventory release...
Alfa Boris
Boris Krasnozhenov @ Alfa 4 June 2021

Weekly Radar – St Petersburg International Forum returns to the spotlight

The dividends theme is currently the main catalyst in the Russian equity universe: This week has got-off to a slow start with the US and the UK closed on Monday for a holiday. On the Russian domestic front, the St. Petersburg International Economic F...
Alfa John
John Walsh @ Alfa 1 June 2021

Polyus: 1Q21 IFRS results in line with consensus – NEUTRAL

The total revenue increased 18% y/y to $1,028mn on the higher realized gold price (12% y/y) and improved gold sales volumes (5% y/y). The company’s balance sheet remains strong with the 1Q21 net debt/adj. The FCF surged 64% y/y to $423mn on flattish ...
Alfa Boris
Boris Krasnozhenov @ Alfa 27 May 2021

Weekly Radar – With summer upon us attention moves to dividends

Positive backdrop for Russian equities: There is a sense of optimism surrounding the Russian investment case, the economy is recovering, oil is trading high enough to return the budget to surplus and geopolitical threats have been easing. That optimi...
Alfa John
John Walsh @ Alfa 25 May 2021

Filter by tags

Boris Krasnozhenov
Russia
Europe
Equity
Europe/CIS
US
Russian
Materials
Yulia Tolstykh
John Walsh
Macro
Macro-strategy
Denis Dorofeev
2019