Andrew Keeley ...
  • Andrey Gromadin
  • Arthur Cherkesov
  • Cole Akeson
  • Fedor Kornachev
  • Georgiy Ivanin
  • Konstantin Samarin
  • Research Team

CIS Market Daily - November 24, 2021

MARKET COMMENT - ACUTE POLITICAL RISK PERCEPTIONS CALM ON LITTLE NEWS; OIL, RUBLE RALLYThe RTS rallied 2.1% to 1,662 on well-elevated turnover, versus the previous day's 5.5% decline also on double the usual turnover. Futures are up another 2% this morning. A more than 3% rally in oil has provided background support, while the ruble rallied more than 1% in the late evening after news emerged that top Russian and US military commanders had held a phone call. Global stock market trends also provide background support. STORIES> Tatneft BoD recommends DPS of R9.98 for 3Q21> October sees slowdown in consumer lending> Sistema 3Q21 IFRS preview> QIWI 3Q21 IFRS results: In line, guidance upgraded, 3Q21 dividend flat Q-o-Q> Aeroflot's October trading update a bit better than Rosaviation's preliminary data
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.

Qiwi Plc Sponsored ADR Class B

Sistema PJSFC

Sistema is a telecommunications and technology investment group based in Russia. Co. invests in, and manages a range of companies which operate in the telecommunications, oil and energy, high technology, banking and other sectors. The main focus of Co.'s activities is service-based industries. Co.'s operations are organized along four segments: Telecommunications, Technology and Industry, Consumer Assets and Oil and Energy. Through its subsidiaries, Co.'s activities include: wireless telecommunications services , IT and systems integration, cable TV, manufacturing of radiotechnical equipment, oil, gas and energy production, banking activities, trading and investing and financing activities.

Sistema PJSFC Sponsored GDR RegS



Tatneft PJSC and its subsidiaries are engaged in crude oil exploration, development and production principally in the Republic of Tatarstan, Russia. Co. is a holding structure, which incorporates oil and gas production boards, crude oil and gas refining companies, as well as enterprises and servicing works selling the crude oil and also the products of crude oil and gas refining and petrochemical products. In addition to this, Co. is also participating in the banking and insurance activities. Co.'s operations are divided into the following main segments: Exploration and Production; Refining and Marketing; and Petrochemicals.


​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.

Andrew Keeley

Andrey Gromadin

Arthur Cherkesov

Cole Akeson

Fedor Kornachev

Georgiy Ivanin

Konstantin Samarin

Research Team

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