Update research from QuotedData

JP Morgan Russian Securities- Update research from QuotedData

13th September 2019

Outperforming and attractively valued

Since QuotedData's last note on JPMorgan Russian Securities (JRS), Russia has been among the best-performing equity markets globally, despite being out of favour with international investors. The RTS Index has climbed above its 2014 pre-Crimea levels, before sanctions were imposed. Although economic growth has disappointed in 2019, earnings and dividend pay-out ratios continue to grow. At a trailing price-earnings (P/E) ratio of just 6x, the Russian market remains extremely cheap.

Full research: https://quoteddata.com/research/jrs-outperforming-attractively-valued/

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