Report
Aleksey Ryabushko ...
  • Alex Fak
  • Alexander Kudrin
  • Andrey Kuznetsov
  • Cole Akeson
  • Igor Vasilyev
  • Irina Lapshina
  • Mikhail Krasnoperov
  • Nikolay Minko
  • Tom Levinson

CIS Market Daily - April 27, 2018

MARKET COMMENT - WEAK RUBLE, STRONG OIL AND PLENTY OF CENTRAL BANK ACTION TO COMEThe RTS and MSCI EM gained 0.8% (to 1,147) and 0.4% yesterday, respectively. Indicators look decent this morning, though investors may seek to position cautiously ahead of Russia's long May holidays. Key events in coming days include the CBR meeting today and Fed meeting next Wednesday.STORIES> Inflows decelerate after two heavy weeks> US 10y hits 3% - trouble ahead > CBR preview: Cut to be put on hold> Gazprom 4Q17: FCF boosted by working capital release> Evraz 1Q18 trading update: Low volumes, good pricing> Norilsk 1Q18 trading update: Strong due to reconfiguration, Chita lags> X5 1Q18: Opex climbs again, but gross margin flat> Enel Russia releases 1Q18 IFRS and operating results
Underlyings
Enel Russia

PJSC Enel Russia is a wholesale generation company in Russia. Co.'s main areas of operation are production of power and heat, supply (sale) of power and heat, receipt (purchase) of power and heat from the wholesale power (capacity) market. Co. is active in four production branches around Russia: in the Ural region - Reftinskaya GRES, Sredneuralskaya GRES, in the northern Caucasus - Nevinnomysskaya GRES, and in Central Russia - Konakovskaya GRES. Co.'s aggregate installed capacity is 9,677 MW for power and 2,382 GCal/h for heat. Co. provides power and heat to both industrial enterprises and household consumers via local power distribution networks.

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).

X5 Retail Group N.V. Sponsored GDR RegS

X5 Retail Group is a holding company. The main activity of Co. is the development and operation of grocery retail stores. Co. operates a retail chain of soft-discount, supermarket and hypermarket stores under the brand names "Pyaterochka", "Perekrestok" and "Karusel" in major population centres in Russia, including but not limited to Moscow, St. Petersburg, Nizhniy Novgorod, Rostov-on-Don, Kazan, Samara, Lipetsk, Chelyabinsk, Perm, Ekaterinburg and Kiev, Ukraine.

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

Andrey Kuznetsov

Cole Akeson

Igor Vasilyev

Irina Lapshina

Mikhail Krasnoperov

Nikolay Minko

Tom Levinson

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