- Alexey Kirichok
- Andrew Keeley
- Andrey Kuznetsov
- Andrey Gromadin
- Anna Kotelnikova
- Cole Akeson
- Fedor Kornachev
- Irina Lapshina
- Kirill Rogachev
CIS Market Daily - May 14, 2019
MARKET COMMENT - MARKETS STILL NEGATIVE ON BACK OF US-CHINA TRADE WOESThe MSCI EM and World (DM) indexes fell 1.6% and 1.9%, respectively, yesterday. Russia was the EM space's best liquid performer with a 0.2% decline in MSCI terms. APAC markets are again falling this morning, key indexes down 0.2-1.0%, except for a 0.3% gain on the KOSPI. Today, markets will digest the MSCI results, the US secretary of state's visit to Russia, and several company reports and macro releases.STORIES> MSCI May rebalancing: Moderate weight cut for Russia> Rosneft 1Q19: Core profitability solid, bottom line hit by one-offs again> Alrosa's April sales show no recovery> Alrosa 1Q19 IFRS preview: We expect weakish earnings> Rusal 1Q IFRS: Weak on EBITDA as expected; outperformance on FCF> TBC Bank 1Q19: Good profitability, weak growth> InterRAO 1Q19 preview: We await comments on interim dividendsAK 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.
OJSC OC Rosneft is a vertically-integrated Russian oil and gas company with upstream and downstream operations in each of Russia's oil-producing regions. Headquartered in Moscow, Co. operates ten oil and gas producing enterprises across Russia and is involved in over ten exploration projects. In addition to its upstream operations, Co. also owns two refineries, which have a combined capacity of 10 million tons per year, as well as four main oil export terminals and a nationwide network of over 600 service stations. Co.'s downstream operations consist of its crude oil export structure, refining operations and nationwide network of marketing subsidiaries.
TBC Bank Group is a holding company. Through JSC TBC Bank and its subsidiaries, Co. is engaged in universal banking operations that include corporate, small and medium enterprises, retail and micro operations within Georgia.
United Company Rusal is a producer of aluminium and alloys. Co.'s production chain include bauxite and nepheline ore mines, alumina refineries, aluminium smelters and casting houses, foil mills and packaging production centres. Co. operates in four reportable segments: Aluminium, which is involved in the production and sale of primary aluminium; Alumina, which involved in the mining and refining of bauxite into alumina and the sale of alumina; Energy, which include the mining and sale of coal and the generation and transmission of electricity; Mining and Metals, which includes the equity investment in Co.'s joint venture, PJSC MMC Norilsk Nickel.
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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