Report
Aleksey Ryabushko ...
  • Alexander Kudrin
  • Andrew Keeley
  • Andrey Krylov
  • Andrey Kuznetsov
  • Cole Akeson
  • Elena Tsareva
  • Igor Vasilyev
  • Irina Lapshina
  • Julia Gordeyeva
  • Maria Sukhanova
  • Mikhail Krasnoperov

CIS Market Daily - 23 марта 2018

КОММЕНТАРИЙ И ПРОГНОЗ - УГРОЗА ТОРГОВЫХ ВОЙН, НОВЫЙ "ЯСТРЕБ" В АДМИНИСТРАЦИИ БЕЛОГО ДОМА, ЗАСЕДАНИЕ СОВЕТА ДИРЕКТОРОВ БАНКА РОССИИ, "ДЕНЬ ИНВЕСТОРА" В ЛУКОЙЛЕ И МНОГОЕ ДРУГОЕ
Вчерашний вечер оказался довольно насыщенным, при этом падение глобальных рынков оказалось максимальным с 8 февраля. В центре внимания сегодня будут первые признаки потенциальной торговой войны США и Китая, назначение в США агрессивно настроенного по отношению к России и Ирану советника Дональда Трампа, сегодняшнее заседание ЦБ и ”день инвестора” ЛУКойла, а также прочие события. Если говорить о более долгосрочных перспективах, сегодня мы выпустим обзор, в котором подтверждаем позитивную стратегическую оценку акций российских сырьевых компаний.

НОВОСТИ
> Развивающиеся рынки после ралли: оптимальный фон для России
> Назначение Джона Болтона благоприятно для цен на нефть, негативно для отношений России и США
> США вывели из-под санкций своих основных политических партнеров
> Феррованадий подорожал до $70/кг - это выгодно для Evraz
> Топ-менеджмент АЛРОСА собирается в июне представить проект новой дивидендной политики
> Результаты Банка "Санкт-Петербург" за 4К17: рост чистой процентной маржи и комиссионного дохода обеспечил хорошее завершение года
> Ростелеком. Высокая планка
> М.Видео приобретет Эльдорадо: хорошее стратегическое обоснование, но высокая цена
> Прогноз результатов Глобалтранса за 2017 год по МСФО
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.

Bank of St Petersburg

Bank St Petersburg PJSC

Bank St. Petersburg OJSC is involved in commercial banking operations within the Russian Federation. Co. is organized into three main segments: Corporate banking, which includes settlement and current accounts, deposits, credit lines and loans; operations on financial markets, which includes financial instruments trading, loans and deposits on the interbank market, dealing in foreign exchange and derivative financial instruments; and retail banking, which provides private customer current accounts, deposits, retail investment products, custody, credit and debit cards, consumer loans, mortgages and other loans to individuals.

Globaltrans Investment Plc Sponsored GDR RegS

Globaltrans Investment is a rail transportation company in the Russian Federation. Co. is engaged in providing a wide range of railroad freight transport and logistics services. Co. provides rail freight transport and logistics services, as well as certain ancillary services to industrial customers and medium-size corporate customers in Russia and to destinations within Russia and to Ukraine. Co.'s regional network encompasses 10 branch offices. Co. is a private participant in the transportation of scrap and ferrous metals and it has market positions in the transportation of construction materials and ores.

M Video

M.video PAO (formerly known as M.video OAO) is a Russia-based consumer electronics and home appliance retail chain. M.video PAO operates through numerous stores in over 100 cities, as well as through online store within the Russian Federation. It offers audio, video, digital, small and large home appliances, media and entertainment products, as well as accessories. It also offers products delivery and repair services. In addition, the Company provides management and consulting services for holding companies and for companies active in the financial and industrial sectors. M.video PAO operates through two wholly owned subsidiaries, located in Moscow. As of December 31, 2011, the Company's major shareholder was Svece Limited with a stake of 67.78%.

Magnitogorsk Iron & Steel Works (GDR)

Magnitogorsk Iron & Steel Works PJSC

Magnitogorskiy Metallurgicheskiy Kombinat PAO, formerly Magnitogorskiy metallurgicheskiy kombinat OAO, is a Russia-based company, active in the steel industry. Its main products are sinter, coke, iron, crude steel, rolled products and ore materials. The Company offers a wide range of products such as wire rod, rebars, square bars, strips, round bars, among others. It is also involved in the coal ore mining, processing of ore materials, sale of ferrous metal products and others. Magnitogorskiy metallurgicheskiy kombinat OAO operates as a supplier for such industries as: pipelines, vehicles, railway, construction and shipbuilding, among others. Its subsidiaries include Lys'venskaya Metallurgicheskaya Kompaniya OOO, among others. The Company operates domestically, as well as exports its products to the Commonwealth of Independent States (CIS) countries, Asia, the Middle East and Europe.

NLMK (GDR)

Novolipetsk Steel

Novolipetsk Steel is a vertically integrated steel manufacturing and production group based in Russia. Co. specializes in the manufacturing of high-quality hot and cold rolled steel in a variety of grades and sizes. Co. is also engaged in production and sales of flat steel products including slabs, hot rolled and cold rolled sheet, electrical steel, galvanized steel, cold rolled sheet with polymeric coatings. In addition, Co.'s areas of manufacturing include sintering, coke production, blast furnace production, steel-making, hot and cold-rolled flat steel production, galvanized and prepainted steel production. Co. exports its products to 70 countries around the world.

Severstal (GDR)

Severstal PAO

PAO Severstal is an integrated Iron & Steel works company with a range of products: hot and cold rolled steel, roll-formed shapes and pipes, rolled sections, a large group of coke products and by-products. Co. also has various social responsibilities such as the operation and maintenance of sports complexes, holiday and recreational facilities and public housing. Co.'s operations are organized along three principal divisions: Severstal Russian Steel engaged in crude steel production; Severstal Resources engaged in the production of iron ore concentrate, pellets and coking coal; and Severstal International engaged in the production of high-quality flat-rolled products.

United Company RUSAL international PJSC

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.

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
Aleksey Ryabushko

Alexander Kudrin

Andrew Keeley

Andrey Krylov

Andrey Kuznetsov

Cole Akeson

Elena Tsareva

Igor Vasilyev

Irina Lapshina

Julia Gordeyeva

Maria Sukhanova

Mikhail Krasnoperov

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