Report
Alexey Kirichok ...
  • Andrew Keeley
  • Andrey Kuznetsov
  • Cole Akeson
  • Irina Lapshina
  • Kirill Rogachev
  • Oksana Mustiatsa
  • Svetlana Sukhanova

CIS Market Daily - November 20, 2018

MARKET COMMENT - RUSSIA AN OUTPERFORMER AMID ANEMIC DAY FOR GLOBAL TECHThe RTS rose 0.1% yesterday to 1,136. Meanwhile, the MSCI Russia edged up 0.3%, finishing in the top half of the EM group, for which the overall benchmark gained 0.2%. However, a rout in global tech started around the same time that Moscow ended the day - the NASDAQ Composite for instance sank 3.0%, and APAC markets are down this morning. While the ruble and oil are in positive territory, we are keeping a wary eye on developments in global sentiment.STORIES> Norilsk: Short-term output targets raised, long-term plans indicated> CBR reports banking sector data for 10m18> Halyk Bank publishes 3Q18 IFRS results > QIWI investor day: Updated guidance above our expectations> PhosAgro 3Q18 IFRS preview: Strong quarter thanks to elevated prices
Underlyings
Halyk Savings Bank of Kazakhstan GDR

Halyk Savings Bank of Kazakhstan JSC

MMC Norilsk Nickel PJSC

MMC Norilsk Nickel PJSC is a global producer of nickel, palladium, platinum and copper. Co. also produces by-products, such as cobalt, chromium, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and sulfur. Co. is involved in prospecting, exploration, extraction, refining and metallurgical processing of minerals, as well as in production, marketing and sale of base and precious metals. Co.'s production facilities are located in five countries: Russia, Australia, Botswana, Finland, and South Africa. Co.'s production units are integrated and include: the Polar Division (the Taimyr Peninsula); and the Kola Mining and Metallurgical Company (Kola MMC or the Kola Peninsula).

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

Qiwi Plc Sponsored ADR Class B

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

Irina Lapshina

Kirill Rogachev

Oksana Mustiatsa

Svetlana Sukhanova

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