Report
Alex Fak ...
  • Alexander Kudrin
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Maria Sukhanova
  • Rodion Lomivorotov
  • Sergei Konygin
  • Svetlana Sukhanova
  • Tom Levinson
  • Valery Nesterov

CIS Market Daily - February 15, 2018

MARKET COMMENT - MARKETS OVERCOME US CPI DATA; FUTURES SIGNAL STRONG OPEN TODAY
The RTS and MSCI EM gained 1.5% and 1.8% yesterday, respectively. Markets overcame jitters following higher than expected US CPI data to ultimately grow on the day. Dollar weakness was a factor, while Brent surged 2.6%. The backdrop this morning looks supportive. RTS futures are up some 1.6%, while APAC liquidity enters the usually low-liquidity week of Chinese New Year and South Africa’s president has exited.

STORIES
> Russian budget surplus reaches R190 bln in January
> Russian CPI rises 0.1% w-o-w
> Russian FX: FX buying reveals soft center
> Saudi Aramco may take a stake in Arctic LNG-2
> Foreign investors reportedly accumulate Transneft shares
> Wire Tap: Taxi in Russia and other news
Underlyings
NOVATEK JSC

Novatek is an independent gas producer and natural gas producer in Russia. Co. is engaged in the exploration, production, and processing of natural gas and liquid hydrocarbons. Co.'s upstream activities are concentrated in the Yamal-Nenets region, which is a natural gas producing area and accounts for a significant part of Russia's natural gas production. Co.'s three core fields are located in the regions of Yurkharovskoye, East Tarkosalinskoye and Khancheyskoye. Co. maintains natural gas reserves of approximately 1,144 bcm. Co.'s total net proved reserves totals around 8,088 million barrels of oil equivalent (boe).

NOVATEK JSC Sponsored GDR RegS

Transneft PJSC Pref.

Transneft is an oil pipeline group based in the Russian Federation. Co. and its subsidiaries operate a crude oil pipeline system totalling 50,142 km. Co. transport millions of tons of crude oil to domestic and export markets. Co. produces a substantial majority of the crude oil in the territory of the Russian Federation. In addition, Co., through Group Transnefteproduct operates an oil products pipeline system in the Russian Federation and in the Republics of Belarus and Ukraine totalling 18,746 km. Through its associate OOO LatRosTrans, Co. operates an interconnected system in the Latvian Republic.

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

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Maria Sukhanova

Rodion Lomivorotov

Sergei Konygin

Svetlana Sukhanova

Tom Levinson

Valery Nesterov

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