QIWI-elektronisches Bezahlsystem in Russland
November 20, 2013,
JP Morgan hat das Kursziel auf $50 angehoben
Electronic payment services provider Qiwi (QIWI) is a play on the development of e-commerce in Russia. This stock has gained 163% over its IPO price in May.
J.P. Morgan says there is more upside, having just raised its target price from $40 to $50. Qiwi is trading at $44.7 at the open today.
For the third quarter, the number of active wallets grew 53% year-on-year and the adjusted net yield increased to 0.98% from 0.83% a year ago. As a result, the broker now expects the e-wallet division to account for 2/3 of the company"s total revenue by 2016, up from 30% in 2012 and 7% in 2009. Here are analysts Alexei Gogolev, Tien-tsin Huang, and Reginald L. Smith:
Improving net revenue mix will likely be driven by rising number of wallets on Qiwi"s network as well as the increase of the average activity/payment volume on the wallet. We estimate that the number of wallets on the Qiwi network will more than double reaching 23 mn on our estimates already by 2016E from 11.4 mn at the end of 2012.
The management raised its fiscal year 2013 revenue growth guidance to 42-45% range, versus 27-30% before – the second time this year. But J.P. Morgan thinks this guidance may still be too conservative because of the e-wallet growth. The broker increased their EPS estimates for 2013-2015 by 11-19%.
The new target price implies 27 times the broker"s estimated 2014 earnings.
http://blogs.barrons.com/emergingmarketsdaily/...gan-raises-pt-to-50/
In the report, Goldman Sachs says "Despite significant outperformance since its IPO, we still see upside in Qiwi. We believe Qiwi's earnings will exceed market expectations: our net income forecast for 2014-17 is 7%-13% above Bloomberg consensus. E-wallet will remain the biggest driver of this growth, supported by an increase in the number of active accounts (we expect 34 mn by 2017), payment volume (up to Rub1 tn) and net revenue yield (up to 126 bp including inactive fees). We also believe Qiwi's re-rating should continue, as its 2014-17E PEG ratio of 0.9x looks too low, given the company's first quartile industry positioning, 30%+ CROCI (2014-17E), 3.7% avg div yield (2013-15E), and M&A potential."
Qiwi closed on Thursday at $46.33.
Read more: http://www.benzinga.com/analyst-ratings/...amp;Fid=QIWI#ixzz2lOMlqJuM
QIWI is a leading provider of next generation payment services in Russia and the CIS. It has an integrated proprietary network that enables payment services across physical, online and mobile channels. It has deployed approximately 15 million virtual wallets, over 167,000 kiosks and terminals, and enabled merchants to accept over RUB 47 billion cash and electronic payments monthly from over 60 million consumers using its network at least once a month. QIWI's consumers can use cash, stored value and other electronic payment methods to order and pay for goods and services across physical or online environments interchangeably.
http://quotes.freerealtime.com/dl/frt/N?NewsStory=1
One such location is Russia. This former Soviet state is home to an extremely successful company that investors everywhere should know about.
There is no question that the transition to a capitalistic society has been difficult for Russia. However, there are signs of improvement. According to research by Deloitte, private consumption expanded by over 6% in each of this year's first two quarters. A strong summer harvest has eased food prices, providing consumers greater discretionary income, and inflation has been slipping lower this year. In addition, retail sales climbed more than 4% in July from the same month last year.
Most interesting is the fact that the Bank of Russia is expected to continue a policy of interest rate cuts through 2014. Lower borrowing costs are one key factor in economic growth, and the Bank of Russia is on the right track in this regard.
Not only is the central bank staying with the policy of lowering interest rates, it's also clamping down on unfettered consumer lending policies. Annual interest rates as high as 60% for unsecured consumer loans are common in Russia. The Central Bank is combating this practice by requiring banks to set aside 300% of the loan's principal in a reserve fund. There is also talk of the Bank of Russia potentially setting a maximum rate for consumer loans and credit cards.
This increasingly consumer-friendly environment is what triggered my search for a consumer-oriented investment. I was amazed by the investment potential of one Moscow-based company in particular. This company operates electronic payment services and kiosks in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates and even the United States. The share price has soared over 300% since June, and the uptrend shows no signs of ending.
Boasting the unusual name Qiwi (Nasdaq: QIWI), this company is among the largest providers of non-bank self-service payment locations in the former Soviet Republic.
Qiwi just reported third-quarter results, crushing estimates and adding fuel to the already sharp uptrend in price. In the third quarter, Qiwi's revenue was reported at more than $50 million, which beat the $40 million consensus estimate and was up nearly 50% from a year ago. Earnings per share jumped 39%, to $0.35, excluding certain items.
In addition, Qiwi lifted its expectations for full-year 2013: Revenue is forecast to rise 42% to 45%, compared with previous guidance of 27% to 30%, and adjusted net profits to rise 50% to 55%, revised upward from 35% to 40%. Qiwi also announced an annual dividend of nearly $17 million, or $0.32 per share, and said it intends to pay out all its excess cash as dividends.
These numbers are supported by the more than 60 million monthly customers who pay a small fee to use Qiwi's processing services. In addition, more than 54,000 merchants accept payments through the company's network. Helping to bolster confidence in this Russian company, Qiwi is collaborating with U.S. credit card behemoth Visa (NYSE: V) to offer the Visa Qiwi cellphone wallet.
QIWI's technical picture is a classic long-term uptrend on both the daily and weekly charts.------
http://www.streetauthority.com/...as-35-upside-30428051?utm_source=yf
Qiwi, which ranks No. 2 in the IBD 50, charges a small fee to customers who deposit money into its kiosks to pay bills. Qiwi says more than 60 million consumers use its network of kiosks in Russia and neighboring countries at least once a month.
Meanwhile, Qiwi has teamed up with Visa to offer the Visa Qiwi Wallet, which allows customers to use their cellphones to pay bills or buy items online.
Qiwi's growth has been fueled by worries about credit card fraud in Russia, which has prompted more than 90% of Russians to pay bills or make purchases with cash, either by kiosk or by cellphone.
Profit for the current quarter ending this month is expected to jump 142% to 29 cents a share, building on gains ranging from 46% to 211% over the prior three quarters. Revenue growth has gone from 25% to 35% to 20% over the past three periods.
Qiwi boasts a best-possible 99 Composite and Earnings Per Share ratings. It's a top stock in the 25-member Finance-Credit Card/Payment Processor industry group....
Read More At Investor's Business Daily: http://news.investors.com/...with-russian-ecommerce.htm#ixzz2nS0VFkYw
The breakout came courtesy of Qiwi (QIWI), a Cyprus-based company that operates a network of kiosks and terminals that facilitate money transfers. The company operates in Russia and former Soviet republics where consumers don't particularly trust banks. Transfers can be made manually at a kiosk, online or using a mobile device.
The stock is a new issue that came public May 3 at an offering price of 17. It broke out of an ascending base with a 50.75 buy point. It rose 2.46 Friday to at 52.12. Volume was 64% above average.
Read More At Investor's Business Daily: http://news.investors.com/investing-inside-the-50/...inds-support.htm
Conclusion on this Financial Firm Share Unlocking
Many large investment firms have significant stakes in QIWI, and remain under pressure to return capital to their investors in the wake of the 2008 financial collapse. These firms may be likely to sell significant quantities of their shares at the end of the unlocking period. Some of the largest of these firms include Antana International Corporation, Saldivar Investments Limited, Mail.ru Group Ltd, and Mitsui & Co Ltd.
The millions of shares also held by Executives and Directors will also be unlocked, and though they are not under the same type of pressure to raise capital, many may sell in the interest of diversifying their profiles and for tax planning purposes.
The unlocking of a huge amount of shares provides aggressive investors with a shorting opportunity in December......
http://seekingalpha.com/article/...-shorting-opportunity?source=yahoo
Die Kommentare zum Artikel lassen m.M. noch einen Kauf auf dem Niveau durchaus noch zu.
Manchmal verhält sich dann wirklich so, dass man bei "gröberen" Rücksetzern kaufen will, diese aber bei so einer Aktie dann die nächsten Jahre doch nicht in dem Umfang eintreten und man immer und immer hinterher schaut...
So wart ich noch bis morgen um mit einer MINI-Posi einzusteigen.
Warum sollte sich diese Aktie nicht nochmals verdoppeln?
Was spricht dagegen?
Die russische Föderation ist groß und man hat ein bis maximal zwei Konkurrenten wenn ich das richtig gelesen habe und die Kooperation mit Visa scheint mehr und mehr zu fruchten (übrigens besteht auch eine a la homepage auch mit Mastercard).
Insofern führt der short-Artikel m.E. eineíge gute Punkte erst Recht zu einem Kauf, als für einen short auf.
Was meinst Du Kicky?
Bist Du noch drin?
Steigst Du noch ein?
Kaufst Du nach nach den Empfehlungen? (oder wollen die Emfehler, a la J.P.Morgan nach KZ-Anhebung selbst verkaufen?)
UND: wie/woher bist Du auf diese Aktie aufmerksam geworden?
Ich bin durch surfen auf yahoo darauf aufmerksam geworden, ansonsten beziehe ich den BB Motley Fool (mit Rule breakers und Supernova)
Gruss
ich bin durch Barrons Emerging Markets aufmerksam geworden s.oben
als ich das mit dem Auslaufen der Lockupfrist las,dachte ich schon ,da warte ich lieber .Irgendwo stand, die bringe demnächst den Report,der letzte war aber am 19.11..
http://finance.yahoo.com/q/p?s=QIWI+Press+Releases
Qiwi (QIWI) led the pack with a 7% surge. The provider of online payment systems to Russia's Internet was 10% above a 50.75 buy point in an ascending base.
Read More At Investor's Business Daily: http://news.investors.com/...cks-open-higher-monday.htm#ixzz2nfZRIfO2
der pusht die ja ordentlich :Qiwi on Fire
vielleicht kann ja jemand hier russisch:http://www.vedomosti.ru/tech/news/20220071/utroenie-qiwi
and represents an approximately 40% conversion premium over the closing trading price of the Company's ADSs on December 4, 2013, which was US$73.76 per ADS). The conversion rate is subject to adjustment upon the occurrence of certain events.
The notes will bear interest at a rate of 2.00% per year, payable semiannually in arrears on June 15 and December 15 ....http://quotes.freerealtime.com/dl/frt/N?NewsStory=1
http://quotes.freerealtime.com/dl/frt/N?NewsStory=1
Konsolidiert bis ca 51?
The group ranked No. 14 out of 197 based on six-month price performance, going into Thursday. That was up from No. 34 eight weeks ago. The group had soared 335% over the past five years vs. 107% for the S&P 500.
Funds have played a key role in gains by the group's leaders, which in include FleetCor Technologies (FLT) and Qiwi (QIWI). Among top funds with stakes in leading credit card companies are $109 billion Fidelity Contrafund , $40 billion T. Rowe Price Growth Stock and $4.3 billion Oakmark Select ......
Read More At Investor's Business Daily: http://news.investors.com/investing-mutual-funds/...htm#ixzz2oK5qdjHD
Russia's Kommersant reported that the country is considering new regulations on cross-border payments, according to the flyonthewall website. The website cited a Bloomberg News report that Kommersant, referencing a draft of a new anti-terrorism law, "said the country may limit domestic payments using anonymous electronic wallets and ban cross-border payments using them."Reached by phone, a Qiwi executive declined to comment.
Read More At Investor's Business Daily: http://news.investors.com/technology/...regulations.htm#ixzz2qUG3HELE
http://globenewswire.com/news-release/2014/06/09/...lic-Offering.html
und QIWI Announces Upgrade to Level 1 Quotation List on MOEX - See more at: http://globenewswire.com/news-release/2014/06/05/...ash.jnE4YT8s.dpuf
läuft offenbar besser als Gazprom
Starting November 5th, all Russian eBay customers will be able to pay for their purchases with Visa QIWI Wallet. The new service, which becomes an additional payment option on eBay along with PayPal and credit cards, will allow eBay customers to make online purchases in a simple and secure manner.....
http://globenewswire.com/news-release/2014/10/30/...et-in-Russia.html
Optionen
| Boardmail an "Forlix" |
Wertpapier: Qiwi plc B Sp ADR |
Handelt im pre-market schon +10%
http://investor.qiwi.com/releasedetail.cfm?ReleaseID=882059
Optionen
| Boardmail an "Forlix" |
Wertpapier: Qiwi plc B Sp ADR |
QIWI has been the subject of a number of recent research reports. Analysts at Standpoint Research upgraded shares of Qiwi PLC from a “hold” rating to a “buy” rating in a research note on Thursday, October 30th. They now have a $40.00 price target on the stock. On a related note, analysts at Goldman Sachs downgraded shares of Qiwi PLC from a “buy” rating to a “sell” rating in a research note on Thursday, October 23rd. They now have a $24.00 price target on the stock, down previously from $59.00. Finally, analysts at TheStreet downgraded shares of Qiwi PLC from a “hold” rating to a “sell” rating in a research note on Thursday, October 9th. ....
http://tickerreport.com/banking-finance/348083/...idend-of-0-38-qiwi/
Like clockwork, Russian tech/Internet plays Yandex (YNDX +5.3%) and Qiwi (QIWI +3%) are turning in strong performances as WTI crude rises 2.1% to $61.49/barrel - comments from Saudi Arabia's oil minister are helping - and the ruble rallies to 52.8 against the dollar. Russia's MICEX Index closed up 1.6%; the dollar-based Russia Trading System Cash Index has risen 2.4%.
Yandex is up 37% from a March low of $13.90, and Qiwi up 66% from a February low of $18.70. Qiwi jumped last month after beating Q1 estimates with the help of a rising payments revenue yield, and announcing the acquisition of Russia's Contact money transfer service and Rapida payment-processing service for ~$190M.