Report
Alexander Kudrin ...
  • Andrew Keeley
  • Cole Akeson
  • Elena Tsareva
  • Igor Vasilyev
  • Irina Lapshina
  • Kirill Plastinin
  • Maria Sukhanova
  • Svetlana Sukhanova

CIS Market Daily - February 27, 2018

MARKET COMMENT - RTS AT 2.5-YEAR HIGH WHILE MARKETS WATCH FED, SANCTIONS AND OIL NEWS
Closing at 1,325, the RTS is back at levels last seen in July 2014, and the ruble is at its strongest level versus the dollar since June 2015. Meanwhile, oil’s gains appear to have stopped this morning. On the agenda today are the Fed, sanctions and Brexit comments, as well as API inventories and more.

STORIES
> Evraz 2H17 IFRS preview: Robust results on strong steel and coal prices
> Evraz reportedly wins auction to manage VEB's Sibuglemet
> VTB 4Q17: Trading revenues provide boost, common dividends to rise
> VEON: High dividend and FCF overlooked
> InterRAO UES 2017 IFRS results bring no surprises
Underlyings
Evraz PLC

Evraz engages in the production and distribution of steel and related products and coal and iron ore mining. Co. also produces vanadium products. Co. has four segments: Steel, which includes production of steel and related products at all mills except for those in North America, and includes the extraction of vanadium ore and production of vanadium products, iron ore mining and enrichment and certain energy-generating companies; Steel, North America, which includes production of steel and related products in the U.S. and Canada; Coal, which includes coal mining and enrichment; and Other operations, which includes energy-generating companies, shipping and railway transportation companies.

Inter RAO UES PJSC

Inter RAO UES PJSC is a functioning operator of electricity exports and imports in the territory of Russia. Co. represents the interests of two Russian power sector participants: RAO UES of Russia and Rosenergoatom concern, which possess 60 and 40% of the shares respectively. Co. is engaged in arranging transboundary electricity supplies, to provide both domestic and foreign consumers with electric power. Co. is also engaged in pursuing effective investment activities. Co. is developing several areas of activity, including: electric power export and import supplies; electricity sales in home and foreign markets; investment activities; and foreign asset management.

VEON Ltd. Sponsored ADR

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

Cole Akeson

Elena Tsareva

Igor Vasilyev

Irina Lapshina

Kirill Plastinin

Maria Sukhanova

Svetlana Sukhanova

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