Report
Aleksey Ryabushko ...
  • Alexander Kudrin
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Igor Vasilyev
  • Irina Lapshina
  • Julia Gordeyeva
  • Kirill Plastinin
  • Maria Sukhanova
  • Rodion Lomivorotov
  • Sergei Konygin

CIS Market Daily - 16 февраля 2018

КОММЕНТАРИЙ И ПРОГНОЗ - ПРОДОЛЖАЕТСЯ БЫСТРОЕ ВОССТАНОВЛЕНИЕ ПОСЛЕ РЕЗКОЙ КОРРЕКЦИИ
Вчера Россия и прочие глобальные рынки продолжали расти, Индекс РТС поднялся на 1,4% до 1 262 пунктов. Мы полагаем, что резкий характер коррекции и последующего восстановления (тогда как фундаментальные показатели по большей части не изменились) в основном отражает то, что рынок адаптируется к новой эпохе высокой волатильности. Сегодня утром повышение цен на нефть и продолжающееся ослабление доллара позволяют ожидать, что торги откроются существенным ростом Индекса РТС. Новостью дня, очевидно, станет покупка ВТБ 29% акций Магнита, о которой стало известно непосредственно перед выходом нашего обзора.


НОВОСТИ
> Динамика фондов: первый отток с развивающихся рынков с начала года, эффект от восстановления рынков пока не заметен
> Январь отличался сильной динамикой в промышленности
> Полюс: хорошие результаты за 4К17 по МСФО, привлекательная оценка с учетом спотовой цены золота
> Прогноз результатов VEON за 4К17: девальвация узбекской валюты негативно отразилась на выручке и EBITDA
> Яндекс. Хорошие результаты за 4К17 и прогнозы компании
> Аэрофлот: загрузка на регулярных рейсах повысится, но вырастут зарплаты пилотов
Underlyings
Aeroflot Russian Airlines

PJSC Aeroflot Russian Airlines is an international air transport company which is engaged in operations in Russia. The principal activity of Co. is the provision of passenger and cargo air transportation services both domestically and internationally and other aviation services from its base at Moscow Sheremetevo Airport. Co. and its subsidiaries also includes activities comprising airline catering, the operation of a hotel and insurance services. Associated undertakings mainly comprise hotel and duty-free retail businesses. The principal business segments are airline operations, airline catering, hotel operations and other.

Polyus (GDR)

Polyus PJSC

PJSC Polyus is an open joint stock company based in Russia. Co. is engaged in operations as a gold production company. Co.'s major assets are: in Krasnoyarsk region, Olympiada deposit as well as Blagodantoe, Titimukhta, Tyrada, Olenii, Razdolinskaya, Zyryanovskaya and Panimba fields; in Irkutsk region, Zapadnoe, Verninskoe, Pervenets, and Chertovo Koryto and Mukodek goldfields as well as some 94 placer deposits; in Magadan region, Natalka deposit and smaller Degdekan and Vostochnoye fields; in the Republic of Sakha (Yakutia), Kuranakh ore body and Kyutchus field as well as 50% interest in the giant Nezhdaninskoye field; and in Amur region, Bamskoe gold field.CJSC Deloitte & Touche CIS

VEON Ltd. Sponsored ADR

Yandex NV Class A

Yandex is an internet and technology company that operates an internet search engine in Russia. Co. builds intelligent products and services powered by machine learning. Co.'s products and services are based on complex, unique technologies that are not easily replicated. Co. generates substantially all of its revenues from online advertising. Co. also generates revenues from its e-commerce offerings, classifieds and e-hailing service. Co.'s businesses are organized in the following operating segments: Search and Portal; E-commerce; Taxi; Classifieds and Experimental businesses.

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

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Igor Vasilyev

Irina Lapshina

Julia Gordeyeva

Kirill Plastinin

Maria Sukhanova

Rodion Lomivorotov

Sergei Konygin

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