Anastasia Khakhaeva ...
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Cole Akeson
  • Fedor Kornachev
  • Georgiy Ivanin
  • Lyudmila Melnikova
  • Mikhail Krasnoperov
  • Research Team

CIS Market Daily - August 20, 2021

MARKET COMMENT - HINTS OF DIP-BUYING, MSCI, MERKEL'S VISIT AND RESULTS ON THE AGENDARising chances for a near-term tapering of Fed asset purchases sent stock markets downward yesterday, the MSCI EM and RTS (1,636) declining 2.3-2.4%. APAC markets remain weak today, though other index futures and commodities offer some hints of investors stepping back in to buy the dip. MSCI's 10-40 decision (Novatek replacing Nornickel), German Chancellor Angela Merkel's visit to Moscow and company results are in focus.STORIES> Gazprom Neft 2Q21 IFRS: Beat on FCF due to working capital release> Gazprom's Nord Stream update calms the EU gas market> MTS 2Q21 IFRS results: In line with the consensus; improving ecosystem disclosure> QIWI 2Q21 IFRS results: In line, guidance slightly upgraded> Rusagro: Still attractive exposure to high soft commodity prices> En+ Group 1H21 IFRS review: Neutral numbers, no interim dividend, capex guidance raised> Global Ports 1H21 IFRS: EBITDA in line; dividend plans reiterated
En+ Group International Public Joint-Stock Company

Gazprom (GDR)

Gazprom Neft (GDR)

Gazprom Neft PJSC

Gazprom Neft PJSC is vertically integrated oil company operating in the Russian Federation, CIS and internationally. Co.'s principal activities include exploration, production and development of crude oil and gas, production of refined petroleum products and distribution and market ing operations through its retail outlets. Co.'s Upstream segment includes the exploration, development and production of crude oil and natural gas (including joint ventures results), oil field services. Co.'s Downstream segment processes crude into refined products and purchases and sells and transports crude and refined petroleum products (refining and marketing).

Gazprom PJSC

PJSC Gazprom is a gas company based in Russia. Co.'s principal activity is the sale of gas. Co. is also involved in other types of activities which include leasing of assets, gas transportation and storage services, sale of gas condensate and refined products. Co. and its subsidiaries and associates operates gas pipelines systems in Russia. Co. is responsible for substantially all gas production and high pressure gas transportation in the Russian Federation. Co. is also a major exporter of gas to European countries. Co. is directly involved in exploration and drilling for hydrocarbons, production of gas and other hydrocarbons and domestic and export sale of gas and other hydrocarbons.

Global Ports Investments (GDR)

Mobile TeleSystems PJSC

Mobile Telesystems is a provider of mobile cellular communications services in the Russian Federation, Ukraine, Uzbekistan and Turkmenistan to consumers and corporate customers, employing technology based primarily on Global System for Mobile Communications (GSM). Co. had a mobile subscriber base of around 102.5 million (77.3 million in Russia, 20.4 million in Ukraine, 2.1 million in Turkmenistan, 1.6 million in Uzbekistan and 1.1 million in Armenia). In addition to standard voice services, Co. provides improved services, including voice mail, short message service, general packet radio service, and various SMS- and GPRS-based information and entertainment services.

Mobile TeleSystems PJSC Sponsored ADR

Qiwi Plc Sponsored ADR Class B

Ros Agro PLC

Ros Agro, through its subsidiaries, is engaged in agricultural production, cultivation of pigs, processing of raw sugar and production of sugar from sugarbeet, vegetable oil production and processing. Co. and its subsidiaries are organised on the basis of four segments: Sugar, which is engaged in the production and trading operation with white sugar; Meat, which is engaged in the cultivation of pigs and selling of consumable livestock to third parties; Other agriculture, which is engaged in the cultivation of plant crops and dairy cattle livestock; as well as Oil, which is engaged in vegetable oil extraction, production and sales of mayonnaise, consumer margarine, and bottled vegetable oil.


​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.

Anastasia Khakhaeva

Andrey Kuznetsov

Andrey Gromadin

Cole Akeson

Fedor Kornachev

Georgiy Ivanin

Lyudmila Melnikova

Mikhail Krasnoperov

Research Team

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