Report
Alexander Kudrin ...
  • Andrew Keeley
  • Andrey Kuznetsov
  • Cole Akeson
  • Elena Tsareva
  • Irina Lapshina
  • Kirill Plastinin
  • Tom Levinson
  • Yuri Popov

CIS Market Daily - March 5, 2018

MARKET COMMENT - TRADE WAR THREATS DRAG ON MARKETS AHEAD OF A BUSY WEEK
Markets ended last week in negative territory, with threats of US protectionism among the reasons for pessimism. Indicators look bullish for Russia this morning but are at best mixed around the globe. The week ahead is busy with political and macro events, as we discuss below.

STORIES
> German and Italian election outcomes unlikely to change sanctions
> FX interventions set to decline from record high
> Norilsk Nickel 2H17 IFRS preview: Strong EBITDA, weak leveraged FCF
> Moscow Exchange publishes 2m18 trading data
> MOEX 4Q17 review: Small beat on fee income; positive dividend news
Underlyings
MMC Norilsk Nickel PJSC

MMC Norilsk Nickel PJSC is a global producer of nickel, palladium, platinum and copper. Co. also produces by-products, such as cobalt, chromium, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and sulfur. Co. is involved in prospecting, exploration, extraction, refining and metallurgical processing of minerals, as well as in production, marketing and sale of base and precious metals. Co.'s production facilities are located in five countries: Russia, Australia, Botswana, Finland, and South Africa. Co.'s production units are integrated and include: the Polar Division (the Taimyr Peninsula); and the Kola Mining and Metallurgical Company (Kola MMC or the Kola Peninsula).

Moscow Exchange MICEX-RTS PJSC

Moskovskaya Birzha MMVB-RTS PAO. Moskovskaya Birzha MMVB-RTS PAO (MMVB-RTS OAO) is a Russia-based integrated stock exchange that provides electronic trade organization, clearing and settlements on trades, depository and information services. The Company provides trading and settlement services in such segments of the financial market as foreign exchange (FX) market, federal bonds market, market of derivative financial instruments, cash equities market, corporate and regional fixed income market, commodities market, as well as market for state and municipal orders. The Company was established as a result of the merger between MMVB ZAO and RTS OAO. It operates through six branches and three representative offices. As of February 27, 2013, the Company's major shareholder was the Central bank of the Russian Federation with a stake of 22.47%. In January 24, 2014, the Company sold its whole stake in MMVB-IT ZAO.

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

Andrey Kuznetsov

Cole Akeson

Elena Tsareva

Irina Lapshina

Kirill Plastinin

Tom Levinson

Yuri Popov

Other Reports on these Companies
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