- Andrew Keeley
- Andrey Kuznetsov
- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Fedor Kornachev
- Kirill Rogachev
- Rodion Lomivorotov
- Svetlana Sukhanova
CIS Market Daily - March 13, 2020
MARKET COMMENT - FED, GLOBAL CB ACTION BLUNTS SHARPEST GLOBAL DROPS SINCE 2008The RTS fell 11%, its second double-digit fall in a week. The MSCI ACWI global index declined 9.5%. While ECB stimulus plans disappointed markets earlier in the day, a $1.5 trln initial liquidity injection from the Fed and plans from other central banks have blunted the sharpest declines since 2008.STORIES> EM equities see fourth consecutive week of outflow> Latest weekly inflation print shows no reaction to ruble depreciation yet> Bank of St Petersburg 4Q19 IFRS: Solid end to disappointing year> Halyk 4Q19 IFRS results: Great year, less certain outlooks> MTS 4Q19 IFRS: Broadly in line with consensus; guidance conservative> TGK-1 results disappoint with impairments, effect on dividend unclear> NBU cuts key policy rate 100 bps to 10% amid low inflation
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.
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.
Territorial Generating Company - 1 is a producer of electricity and heat energy in the North-West region of Russia. Co. incorporates generating enterprises from the Baltic Sea to the Barents Sea. Generated electricity is delivered to the domestic wholesale market of electricity and capacity as well as exported to Finland and Norway. Co. is a strategic supplier of heat energy in Saint Petersburg, Petrozavodsk, Murmansk, Kirovsk in the Leningrad Oblast, and Apatity in the Murmansk Oblast.
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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