Report
Andrey Gromadin ...
  • Cole Akeson
  • Dmitry Troshin
  • Georgiy Ivanin
  • Konstantin Samarin
  • Mikhail Krasnoperov
  • Research Team
  • Yaroslav Lissovolik

CIS Market Daily - December 17, 2021

MARKET COMMENT - RUSSIA SET FOR MILD PULLBACK TODAY AFTER YESTERDAY'S SURGEKey European and Asian stock indexes gained 1-2% yesterday after the strong close to the US session on Wednesday. European central banks announced policy tightening yesterday, which led to profit taking in the US, particularly in tech stocks. The S&P 500 fell 0.9%, while the NASDAQ Composite dropped 2.5%. The RTS outperformed with a gain of 4.1%. STORIES> Kremlin spokesperson: Russia ready to meet with NATO 'in any neutral country'> Gazprom Neft increases Chona project reserves> Lenta to acquire Utkonos for R20 bln and finance the deal via share issue> Enel Russia requests three-month grace period for the fines for the Kola wind farm delay
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.

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).

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
Andrey Gromadin

Cole Akeson

Dmitry Troshin

Georgiy Ivanin

Konstantin Samarin

Mikhail Krasnoperov

Research Team

Yaroslav Lissovolik

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