Sberbank - Aeroflot Russian Airlines (AFLT) ... CIS Market Daily - December 21, 2021

Report

Sberbank

Andrey Gromadin ...

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

CIS Market Daily - December 21, 2021

MARKET COMMENT - RUSSIA SET TO REBOUND TODAY FOLLOWING YESTERDAY'S DOWNTURN DRIVEN BY GLOBAL RISK-OFFGlobal markets were driven lower yesterday by new hurdles for the economic recovery. Key European and US equity indexes closed with losses of 1.1-1.9%. Russian stocks were unable to brush off the global risk-off sentiment, with the RTS finishing the day down 1.6%. However, the Russian market has been recovering this morning amid a rebound in oil prices.STORIES> Russia expects urgent response to its security proposals> Zelensky declares Ukraine ready for peaceful resolution to the Donbass conflict> Russia Economic Monthly: Well prepared for variety of risks> Sovcomflot announces R550 mln share buyback program> Aeroflot now expects to carry 46 mln passengers in 2021, down slightly from previous guidance

21/12/2021 15 EN

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.

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RU0009062285 Moscow Exchange MICEX-RTS Russia

Sovcomflot

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RU000A0JXNU8 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.

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Analysts

Andrey Gromadin

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Dmitry Troshin

Georgiy Ivanin

Research Team

Yaroslav Lissovolik

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