Sberbank (SBER) remains a compelling name to own, in my view, on the back of its competitive positioning, convincing growth outlook, and undemanding valuation. Though Sberbank has likely become a consensus buy at this point, I believe there is still a good chance that Sberbank will trade higher over the coming year. Furthermore, with a new dividend policy set to be announced toward end-2020, there could well be further upside to the dividend payout. At the current implied 8% yield on the common stock, SBER makes my buy list for 2020.
Analyst Day Review
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