Report
Alexander Kudrin ...
  • Andrew Keeley
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Ekaterina Sidorova
  • Elena Tsareva
  • Maria Sukhanova
  • Rodion Lomivorotov
  • Sergei Konygin
  • Svetlana Sukhanova

CIS Market Daily - May 24, 2018

MARKET COMMENT - MIXED MARKET BACKDROP THIS MORNING AS SPIEF BEGINSMarkets were stuck in de-risking yesterday, with the MSCI EM and RTS down 0.8% and 2.3%, for instance. Sentiment improved late yesterday with a slightly positive US session.STORIES> Prices edge 0.1% higher in the week to May 21> Bashneft may maintain 50% dividend payout> VTB may make offer for Vozrozhdenie Bank> CBR raises risk coefficients for FX loans> MTS 1Q18: EBITDA outperforms, so-called "Yarovaya law" risks persist> QIWI 1Q18 IFRS: Core business strong; investments weigh on EBITDA
Underlyings
Bashneft

ANK Bashneft' PAO, formerly ANK Bashneft' OAO is a Russia-based company, which is active within the oil and gas industry. Its principal activities include the extraction, exploration and production of crude oil and oil products. The Company operates through a number of branches and subsidiaries, including network of gas filling stations. In addition, it operates various fields, such as Yangareiskoe and Sabriyaginskoe located in the Nenetsk regions. ANK Bashneft' OAO sells its products on the domestic market, as well as abroad. In July 2013, it completed the consolidation of petrochemical assets within United Petrochemical Company (UPC). In December 2013, it acquired LLC Bashneftegazrazvedka. In February 2014, it consolidated 100 % in Bashneft Trading AG. In March 2014, it acquired LLC Burneftegaz. In August 2014, the Company acquired OPTAN network of filling stations.

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

Qiwi Plc Sponsored ADR Class B

VTB Bank (GDR)

VTB Bank PJSC

Bank VTB PAO is a Russia-based bank engaged in the provision of financial services. The Bank reports five segments: Corporate-Investment banking includes operations with corporate customers that are large business customers and banking financial institutions, as well as operations on the securities market; Mid-Corporate banking covers operations with medium business corporate customers; Retail business includes operations with individuals and small business corporate customers, and offers operations on Internet and mobile Point-of-Sale acquiring, plastic cards, payroll services and financial consulting, among others; Treasury comprises operations to manage liquidity, operations on financial and interbank markets, cash flow management and debit financing operation; as well as Other business includes two business: Construction and development involves operations undertaken by Company in the construction and development industry, and Other activities represent non-banking business.

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
Alexander Kudrin

Andrew Keeley

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Ekaterina Sidorova

Elena Tsareva

Maria Sukhanova

Rodion Lomivorotov

Sergei Konygin

Svetlana Sukhanova

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