Report
Alexey Kirichok ...
  • Andrew Keeley
  • Andrey Kuznetsov
  • Cole Akeson
  • Irina Lapshina
  • Kirill Rogachev
  • Mikhail Krasnoperov

CIS Market Daily - March 18, 2019

MARKET COMMENT - INDEXES REACH HIGHEST LEVEL IN WEEKS/MONTHS, BUT DRIVERS ARE DISSIPATINGStocks rallied globally on Friday, the MSCI EM and World (DM) climbing 0.9% and 0.6%, respectively. The RTS climbed 1.3% to 1,197, with Russia among the top quarter of EMs. Hopes of more accommodative central bank policy to come, the US quadruple witching and US-China trade speculation fueled gains. APAC markets suggest the rally is continuing today, but we note that most of the factors driving Friday's and this morning's rise are dissipating, and participants will be watching for new catalysts.STORIES> Alrosa 4Q18 IFRS results: Slight miss on consensus EBITDA, strong FCF> Halyk Bank announces 50% 2018 dividend payout> X5 4Q IFRS preview: We expect 6.9% EBITDA margin, 4.9% dividend yield
Underlyings
ALROSA PJSC

AK Alrosa PAO. AK Alrosa PAO (Aktsionernaya kompaniya ALROSA PAO or ALROSA Company PJSC), formerly AK Alrosa OAO, is a Russia-based company which is principally engaged in the exploration, mining, manufacture and sales of diamonds. Its operations include five Integrated Mining and Processing Complexes: Mirny, Udachny, Aikhal, Anabar and Nyurba located in the Sakha Republic; sorting divisions and diamond cutting and polishing division. The Company is a member of variable diamonds associations. It operates through several representative offices, branches and subsidiaries, including Alrosa-Nyurba OAO, Almazy Anabara OAO and Severalmaz OAO.

Halyk Savings Bank of Kazakhstan GDR

Halyk Savings Bank of Kazakhstan JSC

X5 Retail Group N.V. Sponsored GDR RegS

X5 Retail Group is a holding company. The main activity of Co. is the development and operation of grocery retail stores. Co. operates a retail chain of soft-discount, supermarket and hypermarket stores under the brand names "Pyaterochka", "Perekrestok" and "Karusel" in major population centres in Russia, including but not limited to Moscow, St. Petersburg, Nizhniy Novgorod, Rostov-on-Don, Kazan, Samara, Lipetsk, Chelyabinsk, Perm, Ekaterinburg and Kiev, Ukraine.

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
Alexey Kirichok

Andrew Keeley

Andrey Kuznetsov

Cole Akeson

Irina Lapshina

Kirill Rogachev

Mikhail Krasnoperov

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