Sberbank - Aeroflot Russian Airlines (AFLT) CIS Market Daily - December 28, 2017

Report

Sberbank

Aleksey Ryabushko ...

Alex Fak
Alexander Kudrin
Andrew Keeley
Andrey Kuznetsov
Anton Stroutchenevski
Artem Vinogradov
Elena Tsareva
Igor Vasilyev
Julia Gordeyeva
Rodion Lomivorotov
Sergei Konygin
Valery Nesterov

CIS Market Daily - December 28, 2017

> Trader's comment on Russian market
> Market comment - Minor gains in Russia as global markets return from Christmas break
> We reiterate our 2017 annual inflation forecast of 2.6%
> Gazprom Neft's CEO says 2017 dividend to be the highest ever
> VTB 11m17 IFRS results: On track, strong deposit inflows
> Aeroflot Group discloses November and 11m17 operating results

28/12/2017 14 EN

Underlying

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.

See profile

RU0009062285 Moscow Exchange MICEX-RTS Russia

Provider

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.

See profile

Analysts

Aleksey Ryabushko

Alex Fak

Alexander Kudrin

Andrew Keeley

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Elena Tsareva

Igor Vasilyev

Julia Gordeyeva

Rodion Lomivorotov

Sergei Konygin

Valery Nesterov

Other Reports on these Companies

Wood and Company

The Rear-View Mirror – EME markets: Hungarian equities down 13.6% in May

EME Equity Market – May 2022 Market performance – markets down mostly, as MSCI EM Europe Index declines 3.6%. The MSCI EM Europe Index fell 3.6% mom and 2.0% mom in EUR and USD terms, respectively, in May. The best-performing index was the Russian MOEX, which added 6.3% mom in EUR terms, but declined 3.7% mom in local currency. However, we note that, with the CBR ban on short selling and restrictions on international investors, as well various sanctions, this performance is not fully comparable to other markets and is somewhat artificial. The Polish WIG20 Index rose 1.1% mom in EUR terms, but ...

June 2, 2022 June 2, 2022 1 EN

Wood and Company

WOOD Daily: BGEO LN; TBCG LN; BHW PW; CCOLA TI; TLV RO; AYGAZ TI; MOH GA; PPC GA; MYTIL GA; EU Oil & Gas; MTELEKOM HB; AFLT RX; TL Automotive; CZ Macro; PL Macro

HEADLINES: • Georgian banks: game on - banks are cheap (Bank of Georgia upgraded to BUY, TBC Bank Group stays BUY) • Bank Handlowy: posts huge turnaround in profitability in 1Q22 POSITIVE • Coca-Cola Icecek: 1Q22 - better than expected results POSITIVE • Banca Transilvania: 1Q22 results solid and on track to meet FY22E budget • Aygaz: 1Q22 results review - 44% NI beat, driven by Entek and Tupras • Motor Oil Hellas: deal with Ellaktor - strong expansion into RES • Public Power Corporation: implications of energy-crisis support measures NEGATIVE • Mytilineos: impact of energy crisis measure...

May 9, 2022 May 9, 2022 1 EN

Sberbank

CIS Market Daily - March 23, 2022

MARKET COMMENT - RSPP PROPOSES STRIPPING MINORITY RIGHTS, EU AND US OFFICIALS CONSIDER MORE SANCTIONS AND EXPELLING RUSSIA FROM THE G20The Russian Union of Industrialists and Entrepreneurs proposed to the government to strip nonresident minority shareholders of their shareholder rights on a temporary basis, according to RBC and other sources. Top EU and US officials remarked that more sanctions would be considered Thursday. Equity trading remains suspended in Russia. STORIES> RSPP proposes to strip nonresidents of dividends, other shareholder rights> Transport Ministry expects 10-19% decrease ...

March 23, 2022 March 23, 2022 1 EN

Russian Consumer - Unemployment and Income: The Outlook for 2022

In its modern history, Russia has not suffered any major spikes in joblessness. Its unemployment rate has ranged from between 4.8% and 8.3% since 2005 (versus 3.6-9.9% in the US for the same period). However, considering the sectors currently affected and companies scaling down operations in Russia, we see 1.1 mln out of the total 71 mln jobs at risk. But because this comes amid a labor shortage, which emerged in late 2021, companies are aiming to hold on to personnel, while the government is announcing extra social support measures. In a conservative scenario, the unemployment rate could go u...

March 24, 2022 March 24, 2022 1 EN

Andrew Keeley ... (+3)

Andrew Keeley
Arthur Cherkesov
Ekaterina Sidorova

Russian Banks - What We Know at This Stage

In this note, we sum up a few thoughts on the current situation for Russia's banks.> Immediate pressure weathered... Since the initial brief depositor panic in late February, deposit flows have stabilized and even turned into net inflows as banks have hiked short-term deposit rates to around 20%, in line with the key rate.> ... and the CBR has experience of crises. The CBR is well versed in supporting the banking system through crises and has already made important moves in providing liquidity and capital forbearance. The banking sector recapitalization that we saw in 2008-09 and 2014-15 is no...

March 24, 2022 March 24, 2022 1 EN

Anton Stroutchenevski ... (+6)

Anton Stroutchenevski
Artem Vinogradov
Cole Akeson
Dmitry Troshin
Georgiy Ivanin
Research Team

CIS Market Daily - March 24, 2022

MARKET COMMENT - TRADING TO RESUME FOR DOMESTIC INVESTORS AHEAD OF THE NATO-G7-DM SUMMIT AND NEW SANCTIONSEquity trading resumes today after a four-week suspension, but nonresidents and short-sellers will not yet be welcomed back. In focus will be the summit of NATO, the G7 and the rest of the developed world, which was called to discuss the evolving responses to Russia's so-called "special military operation" against Ukraine. STORIES> Equity trading to resume today - but not for nonresidents> "Unfriendly" countries to pay for Russian gas in rubles> Weekly inflation still elevated at 1.9%; inf...

March 24, 2022 March 24, 2022 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

CIS Market Daily - December 28, 2017

The Rear-View Mirror – EME markets: Hungarian equities down 13.6% in May

WOOD Daily: BGEO LN; TBCG LN; BHW PW; CCOLA TI; TLV RO; AYGAZ TI; MOH GA; PPC GA; MYTIL GA; EU Oil & Gas; MTELEKOM HB; AFLT RX; TL Automotive; CZ Macro; PL Macro

CIS Market Daily - March 23, 2022

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

CIS Market Daily - March 24, 2022

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe