Report
Alex Fak ...
  • Alexander Kudrin
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Mikhail Krasnoperov
  • Rodion Lomivorotov
  • Sergei Konygin

CIS Market Daily - May 15, 2018

MARKET COMMENT - SLIGHT MOVES AS MARKETS LOOK TOWARD MSCI AND COUNTERSANCTIONS NEWSThe RTS and MSCI EM edged up 0.7% and 0.4%, respectively, yesterday, but global sentiment is leaning negative this morning despite rather few news catalysts. We expect EM market participants to focus on the MSCI rebalancing and Russia investors to be closely watching developments in the Duma countersanctions bill today.STORIES> MSCI May rebalancing: X5 added, VTB's weight cut> Russian current account surplus reaches recent high of $12.2 bln in April > Kazakh industrial output slows in April on weaker manufacturing > Rosneft disappoints on FCF in 1Q18> Bashneft 1Q18 results: Working capital buildup intensifies> Rusagro 1Q18 IFRS review: Adjusted EBITDA drops 37% y-o-y
Underlyings
Ros Agro PLC

Ros Agro, through its subsidiaries, is engaged in agricultural production, cultivation of pigs, processing of raw sugar and production of sugar from sugarbeet, vegetable oil production and processing. Co. and its subsidiaries are organised on the basis of four segments: Sugar, which is engaged in the production and trading operation with white sugar; Meat, which is engaged in the cultivation of pigs and selling of consumable livestock to third parties; Other agriculture, which is engaged in the cultivation of plant crops and dairy cattle livestock; as well as Oil, which is engaged in vegetable oil extraction, production and sales of mayonnaise, consumer margarine, and bottled vegetable oil.

Rosneft Oil Co.

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.

Rosneft Oil Co. Sponsored GDR RegS

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
Alex Fak

Alexander Kudrin

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Mikhail Krasnoperov

Rodion Lomivorotov

Sergei Konygin

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