1. Natural gas is used in the production of nitrogen fertilizers.
2. Natural gas price increased more than 115% since the beginning of the year.
3. Nitrogen fertilizers price increased by 50%
4. KAZT receives 40% of the proceeds from nitrogen fertilizers.
5. KAZT buys gas at previously fixed low price by the way foreign fertilizer producers buy gas at market prices.
Resume: growth of marginality and market value for a medium and long term.
2. Natural gas price increased more than 115% since the beginning of the year.
3. Nitrogen fertilizers price increased by 50%
4. KAZT receives 40% of the proceeds from nitrogen fertilizers.
5. KAZT buys gas at previously fixed low price by the way foreign fertilizer producers buy gas at market prices.
Resume: growth of marginality and market value for a medium and long term.
评论:
Fundamental based target price: 620