Report
Aleksey Ryabushko ...
  • Andrew Keeley
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Kirill Rogachev
  • Nikolay Minko
  • Rodion Lomivorotov

CIS Market Daily - March 25, 2019

MARKET COMMENT - MUELLER, BREXIT AND MORE IN FOCUS AFTER A WIDESPREAD RETREAT ON FRIDAYAfter benefiting from the Fed's dovish turn earlier in the week, markets took a clear step back on Friday. The RTS fell 2.0% to 1,213, while the MSCI EM and World (DM) fell a respective 0.9% and 1.6%. The obvious key item for the Russian market today is the release of the summary of US Special Counsel Robert Mueller's investigation into Russia and President Donald Trump. More potential Trump/Russia news flow, Brexit developments and more are on this week's calendar.STORIES> Mueller report summary submitted to Congress; mixed implications> EM fund flows show outflows continue but at a slower pace> CBR cuts inflation forecast to 4.7-5.2% for this year> CBR Review: Expected dovish turn> Bank of Georgia places $100 mln AT1 perpetual bond at 11.125%> Aeroflot's passenger, turnover growth in February doubles market pace
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 GDR

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.

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

Andrew Keeley

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Kirill Rogachev

Nikolay Minko

Rodion Lomivorotov

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