Report
Aleksey Ryabushko ...
  • Alex Fak
  • Alexander Kudrin
  • Andrew Keeley
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Elena Tsareva
  • Igor Vasilyev
  • Julia Gordeyeva
  • Rodion Lomivorotov
  • Sergei Konygin
  • Valery Nesterov

CIS Market Daily - March 15, 2018

MARKET COMMENT - AFTER OUTSIZED DROP YESTERDAY, SOME GLIMMERS OF BUY-THE-DIP TODAY
Russia starkly underperformed global peers yesterday amid developments in the Skripal case. In MSCI terms, the Russian market fell 2.8%, versus next-worst drops of 1.4% for Qatar and 1.2% for Italy and a global average performance of -0.5%. A lack of material market outcomes from yesterday’s political events and improving global market sentiment suggest a slightly better performance this morning.

STORIES
> Skripal events negative for sentiment but lacking solid market drivers
> Prices in Russia up 0.1% over the previous week
> Georgian central bank leaves rates unchanged; cuts could be on the way
> Rosneft's net debt could increase despite better P&L in 4Q17
> Halyk Bank 4Q17 IFRS preview
> Global Ports: 2017 weak, as expected
Underlyings
Global Ports Investments (GDR)

Halyk Savings Bank of Kazakhstan GDR

Halyk Savings Bank of Kazakhstan JSC

Rosneft Oil Co.

OJSC OC Rosneft is a vertically-integrated Russian oil and gas company with upstream and downstream operations in each of Russia's oil-producing regions. Headquartered in Moscow, Co. operates ten oil and gas producing enterprises across Russia and is involved in over ten exploration projects. In addition to its upstream operations, Co. also owns two refineries, which have a combined capacity of 10 million tons per year, as well as four main oil export terminals and a nationwide network of over 600 service stations. Co.'s downstream operations consist of its crude oil export structure, refining operations and nationwide network of marketing subsidiaries.

Rosneft Oil Co. Sponsored GDR RegS

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

Alex Fak

Alexander Kudrin

Andrew Keeley

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Elena Tsareva

Igor Vasilyev

Julia Gordeyeva

Rodion Lomivorotov

Sergei Konygin

Valery Nesterov

Other Reports on these Companies
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