RBC Investments reached the following amount: evaluation Of the 10 securities of Russian companies that showed the greatest growth from December 29, 2000 to December 26, 2023. The first two places were taken by Sberbank’s preferred and ordinary shares, respectively.
Analysts noted that the price of the company’s preferred shares increased by more than 660 times during the specified period, while ordinary shares increased by 387 times.
Experts also emphasized that last year Sber shares were the most popular blue chip on the Russian market. According to the Moscow Stock Exchange, in November the bank’s common and preferred shares accounted for a total of 37.4% of the “people portfolio” (30.1% and 7.3%, respectively).
In addition, the authors of the rating noted that the price of Sber shares will almost double in 2023.
According to analysts, the increase in price quotes was facilitated by Sber’s impressive financial performance (in 11 months the bank earned a net profit of 1.38 trillion rubles), record dividend payment (565 billion rubles) and even more generous payment prospects. By the end of 2023, the overall recovery of the Russian economy and improved market sentiment are expected.
Experts are also positive about the prospects for Sber’s shares in 2024. According to them, growth could be as high as 40 percent.
“This is the largest, most stable and dynamically developing company in Russia, whose income is weakly dependent on fluctuations in exchange rates or oil prices” – situation Analysts at Gazprombank Investments.
In addition, one of the driving forces for the growth of Sber shares this year may be the expectation of high dividends based on 2023 results. The bank’s new dividend policy suggests that it must distribute 50% of its net profit under IFRS to shareholders. Considering the bank’s solid net profit in 2023, it is stated that the dividend amount could be at least 700 billion rubles.