Report
Alexey Kirichok ...
  • Andrew Keeley
  • Andrey Kuznetsov
  • Cole Akeson
  • Fedor Kornachev
  • Irina Lapshina
  • Kirill Rogachev
  • Vladimir Lezhnev

CIS Market Daily - February 25, 2020

MARKET COMMENT - COVID-19 FEARS RAVAGE GLOBAL MARKETS WHILE RUSSIA WAS ON HOLIDAYFriday was already a moderately tough day for most global markets, the MSCI EM and S&P 500 each closing down 1.0% and the RTS declining 0.7% to 1,525. However, yesterday was much more bearish, as while Russia was on holiday the MSCI EM plummeted 2.7%, MSCI Europe 3.6% and S&P 500 3.4%. Covid-19 concerns have dominated discussions in the financial media. STORIES> Three US senators request Trump impose new sanctions on Russia> CBR releases banking sector data for January> More speculation on consolidation in grid sector> PhosAgro 4Q19 IFRS: EBITDA slightly above consensus, FCF weak
Underlyings
Federal Grid Co. of Unified Energy System JSC GDR

Federal Grid Company of Unified Energy System

Federal Grid Company Of Unified Energy System PJSC operates and manages the electricity transmission grid infrastructure of the Russian Unified National Electric Grid (the UNEG). Co.'s principal operating activities consist of providing electricity transmission services, providing connection to the electricity grid, maintaining the electricity grid system, technical supervision of grid facilities and investment activities in the development of the UNEG.

PhosAgro PJSC

PhosAgro is a producer of phosphate-based fertilizers. As of Dec 31 2014, Co. had two segments: Phosphate-based products, which includes mainly production and distribution of ammophos, diammoniumphosphate, sodium tripoly phosphate and other phosphate based and complex (NPK) fertilisers on the factories located in Cherepovets, Balakovo and Volkhov, and production and distribution of apatite concentrate extracted from the apatite-nepheline ore, which is mined and processed in Kirovsk; and Nitrogen-based products,which includes mainly production and distribution of ammonia, ammonium nitrate and urea on the factory located in Cherepovets.

PhosAgro PJSC Sponsored GDR RegS

Rosseti

PJSC Rosseti is a holding company based in Russia. Co. is engaged in the management of companies that operate in the energy sector. Co.'s core business is the management of electric grid subsidiaries for the purpose of pursuing a common policy in the field of electric grid services, specifically in the area of innovations, energy conservation and energy efficiency, development and implementation of a common strategy for developing the distribution electric grid sector of the Russian Federation. Co.'s other services comprise property management, consulting, securities operations, scientific research and construction and transport and expedition.

Provider
Sberbank
Sberbank

​Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.

Analysts
Alexey Kirichok

Andrew Keeley

Andrey Kuznetsov

Cole Akeson

Fedor Kornachev

Irina Lapshina

Kirill Rogachev

Vladimir Lezhnev

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