Report
Aleksey Ryabushko ...
  • Alexander Kudrin
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Igor Vasilyev
  • Julia Gordeyeva
  • Maria Sukhanova
  • Mikhail Krasnoperov
  • Rodion Lomivorotov
  • Sergei Konygin
  • Svetlana Sukhanova

CIS Market Daily - March 13, 2018

MARKET COMMENT - WOBBLY OIL, MIXED POLITICS AND LITTLE GLOBAL CONVICTION EVIDENT
Russia mildly underperformed yesterday, the RTS slipping 0.2% versus a 0.4% gain in the MSCI ACWI. Political developments out of the UK continue to be negative for Russia sentiment, while those in the US yesterday were mixed. Stronger oil this morning looks positive for the Russian market, but global conviction toward global equities and oil appears lacking in either direction early this morning.

STORIES
> Kazakhstan economics: NBK updates its inflation forecast
> MTS 4Q17 results preview: Positive trends persist
> Lenta reports in-line 2H17 IFRS results
> En+ Group 2017 IFRS preview: Energy segment to be in focus
> Etalon's portfolio GAV, now including construction, reaches R135 bln
Underlyings
En+ Group International Public Joint-Stock Company

Etalon Group (GDR)

Etalon Group is a real estate development and construction company. Co.'s principal activity is residential development in Saint-Petersburg metropolitan area and Moscow metropolitan area, the Russian Federation. Co. has three reportable segments: Residential Development, which includes construction of residential real estate including flats, built-in premises and parking places; Constructions Services, which includes construction services for third parties and for internal purpose; and Other Operations, which include selling of construction materials, construction of stand-alone premises for commercial use and various services related to sale and servicing of premises.

Lenta International PJSC

Lenta is a hypermarket group based in Russia. Co. operates 87 hypermarkets in 50 cities across Russia and 16 supermarkets in the Moscow region with a total of approximately 571,328 sq.m. of selling space. Co. also operates four distribution centers for hypermarkets and one for supermarkets. operates three hypermarket formats: Standard, typically with approximately 7,000 sq. m. of selling space (smaller than many Western European hypermarkets) and 24,000 stock keeping unit (SKUs); Compact, typically with approximately 5,000 sq. m. of selling space and 20,300 SKUs; and Supercompact, typically with approximately 3,000 sq. m. of selling space and 15,000 SKUs.

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

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Igor Vasilyev

Julia Gordeyeva

Maria Sukhanova

Mikhail Krasnoperov

Rodion Lomivorotov

Sergei Konygin

Svetlana Sukhanova

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