Report
Alexey Kirichok ...
  • Anastasia Khakhaeva
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Ekaterina Sidorova
  • Fedor Kornachev
  • Irina Lapshina
  • Research Team
  • Rodion Lomivorotov
  • Svetlana Sukhanova
  • Vladimir Lezhnev

CIS Market Daily - April 13, 2020

MARKET COMMENT - OIL OUTPUT LIMITS BOOST PRICES, COVID-19 CONCERNS PREDOMINATEA confirmed deal among global oil producers to limit output is the main news this morning, though the parameters are similar to those agreed to by Friday. Oil and overnight ruble quotes (USD/RUB 73.22) have gained in response, but the deal does not fully offset the drop in demand. Other morning indicators look weak, but many markets remain closed for holiday.STORIES> Russia's current account registers $21.7 bln surplus in 1Q20> CBR sees 18% y-o-y drop in incoming payments in early April> Budget yet to suffer from low oil prices, quarantine measures in March> Alrosa reports weak March sales results, as expected> CBR expands its economic support measures> MTS BoD recommends final dividend> Federal Grid BoD recommends final dividend that yields 5.2%> Quarantine measures have impacted electricity use, spot prices> Inflation in Ukraine drops to 2.3% y-o-y in March, likely to rebound
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.

Federal Grid Co. of Unified Energy System JSC GDR

Federal Grid Company of Unified Energy System

Federal Grid Company Of Unified Energy System PJSC operates and manages the electricity transmission grid infrastructure of the Russian Unified National Electric Grid (the UNEG). Co.'s principal operating activities consist of providing electricity transmission services, providing connection to the electricity grid, maintaining the electricity grid system, technical supervision of grid facilities and investment activities in the development of the UNEG.

Mobile TeleSystems PJSC

Mobile Telesystems is a provider of mobile cellular communications services in the Russian Federation, Ukraine, Uzbekistan and Turkmenistan to consumers and corporate customers, employing technology based primarily on Global System for Mobile Communications (GSM). Co. had a mobile subscriber base of around 102.5 million (77.3 million in Russia, 20.4 million in Ukraine, 2.1 million in Turkmenistan, 1.6 million in Uzbekistan and 1.1 million in Armenia). In addition to standard voice services, Co. provides improved services, including voice mail, short message service, general packet radio service, and various SMS- and GPRS-based information and entertainment services.

Mobile TeleSystems PJSC Sponsored ADR

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

Anastasia Khakhaeva

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Ekaterina Sidorova

Fedor Kornachev

Irina Lapshina

Research Team

Rodion Lomivorotov

Svetlana Sukhanova

Vladimir Lezhnev

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