Report
Aleksey Ryabushko ...
  • Alex Fak
  • Alexander Kudrin
  • Andrew Keeley
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Elena Tsareva
  • Irina Lapshina
  • Julia Gordeyeva
  • Maria Sukhanova
  • Rodion Lomivorotov
  • Sergei Konygin
  • Svetlana Sukhanova

CIS Market Daily - May 22, 2018

MARKET COMMENT - RUBLE DRIVES THE MARKET HIGHER A strong outperformance for Russia yesterday - its MSCI index was up 1.3% versus 0.4% for the global ACWI index - was largely driven by a gain of more than 1% in the ruble. Markets yesterday appeared to have liked but held little conviction in news that the US and China had temporarily backed away from implementing new tariffs upon one another, while Italy's new government was a bugbear for Europe. Today, we expect a slightly stronger market open, the Duma's review of the sanctions bill and ample macro releases.STORIES> Kazakhstan Economic Update: Gauging the impact of higher oil prices> Transneft decides not to hike dividend> Russian Metals and Mining: Dividends and share purchases> BGEO 1Q18 IFRS review: Strong start, but NIM under pressure> Wire Tap: E-sports and other news> Aeroflot releases April operating results
Underlyings
Aeroflot Russian Airlines

PJSC Aeroflot Russian Airlines is an international air transport company which is engaged in operations in Russia. The principal activity of Co. is the provision of passenger and cargo air transportation services both domestically and internationally and other aviation services from its base at Moscow Sheremetevo Airport. Co. and its subsidiaries also includes activities comprising airline catering, the operation of a hotel and insurance services. Associated undertakings mainly comprise hotel and duty-free retail businesses. The principal business segments are airline operations, airline catering, hotel operations and other.

Bank of Georgia Group

BGEO Group is a holding company. Together with its subsidiary, JSC Bank of Georgia (the Bank) and other subsidiaries, Co. makes up a group of companies that provide banking, insurance, real estate, utility, leasing, beverage production and distribution, brokerage and investment management services to corporate and individual customers. Co. has two operating segments: banking business, which comprises: retail banking and payment services, corporate investment banking and wealth management operations and banking operations in Belarus; and investment business, which comprises Co.'s stakes in Georgia Healthcare Group PLC, Georgia Global Utilities, m2 Real Estate, Aldagi and Teliani Valley.

Transneft PJSC Pref.

Transneft is an oil pipeline group based in the Russian Federation. Co. and its subsidiaries operate a crude oil pipeline system totalling 50,142 km. Co. transport millions of tons of crude oil to domestic and export markets. Co. produces a substantial majority of the crude oil in the territory of the Russian Federation. In addition, Co., through Group Transnefteproduct operates an oil products pipeline system in the Russian Federation and in the Republics of Belarus and Ukraine totalling 18,746 km. Through its associate OOO LatRosTrans, Co. operates an interconnected system in the Latvian Republic.

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
Aleksey Ryabushko

Alex Fak

Alexander Kudrin

Andrew Keeley

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Elena Tsareva

Irina Lapshina

Julia Gordeyeva

Maria Sukhanova

Rodion Lomivorotov

Sergei Konygin

Svetlana Sukhanova

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