Equity Analysis /
Russia

Globaltrans: Positive impulse from commodity markets

  • We upgrade Globaltrans from E/W to O/W with a TP of $10.1/GDR ($7.1/GDR previously)

  • Globaltrans has a strong balance sheet, a disciplined capex and M&A approach and solid FCF-based dividend policy

  • The market faces gondola railcar shortages

Boris Krasnozhenov
Boris Krasnozhenov

Head of Research (Managing Director)

Radmir Fattakhov
Radmir Fattakhov

Analyst, Metals & Mining

Alfa
23 November 2021
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