Sberbank - En+ Group International Public Joint-Stock Company (ENPL) CIS Market Daily - 24 Ð´ÐµÐºÐ°Ð±Ñ€Ñ 2019

Report

Sberbank

Aleksey Ryabushko ...

Andrey Kuznetsov
Fedor Kornachev
Yaroslav Lissovolik

CIS Market Daily - 24 Ð´ÐµÐºÐ°Ð±Ñ€Ñ 2019

24/12/2019 12 RU

Underlying

En+ Group International Public Joint-Stock Company

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US29355E2081 London Stock Exchange Jersey

Provider

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.

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Analysts

Aleksey Ryabushko

Andrey Kuznetsov

Fedor Kornachev

Yaroslav Lissovolik

Other Reports on these Companies

Sberbank

CIS Market Daily - November 2, 2021

MARKET COMMENT - CYCLICALS CHARGED AHEAD YESTERDAY, CONSOLIDATION SIGNALS TODAYMarkets tended to bounce back, with notably strong performances in cyclicals and US small-caps. The MSCI EM was flat, held back by a 0.4% drop in China. The MSCI DM gained 0.5%. Russia outperformed, the RTS climbing 1.3% to 1,867 with gas and financials among the leaders. While few global catalysts have emerged this morning, APAC markets are following domestic developments, and global and Russia indicators suggest a bit of consolidation after yesterday's strong outperformance and ahead of tomorrow's Fed decision. ST...

November 2, 2021 November 2, 2021 19 EN

Sberbank

Debt Markets Today - November 2, 2021. Russia ESG Goals, Fed Preview, Rusal Reorganization

CIS EUROBOND MARKETRussia's sovereign curve traded in the red yesterday in response to higher US Treasury yields and a pickup in geopolitical risks. The Russia 47 widened 3 bps in yield (-0.7 pp in price), while yields along the rest of the curve climbed 1-2 bps. In the non-investment grade segment, Ukraine was the main laggard, the sovereign curve shifting 10-20 bps higher.GOVERNMENT DEBTThe inversion of the OFZ curve eased somewhat yesterday, as yields rose 2-9 bps at the short end and 10-13 bps at the long end. In our view, investors are taking into consideration the risks of another high w...

November 2, 2021 November 2, 2021 50 EN

Sberbank

CIS Market Daily - October 28, 2021

MARKET COMMENT - INFLATION CONCERNS WEIGH ON STOCKS, COMMODITIESThe MSCI ACWI fell 0.5% as tailwinds from earnings coverage faded and markets returned to concerns about global growth and inflation. Cyclical sectors were under particular pressure, and this was reflected in a 1.3% fall for the RTS to 1,891. Today's APAC session is seeing a continuing decline in stocks and commodities, while a heavy results calendar, the ECB decision and Moscow's "non-working" period are in focus today.STORIES> Industrial production growth accelerates to 6.8% y-o-y in September> Weekly inflation edges up to 0.28%...

October 28, 2021 October 28, 2021 22 EN

Russian Consumer - Unemployment and Income: The Outlook for 2022

In its modern history, Russia has not suffered any major spikes in joblessness. Its unemployment rate has ranged from between 4.8% and 8.3% since 2005 (versus 3.6-9.9% in the US for the same period). However, considering the sectors currently affected and companies scaling down operations in Russia, we see 1.1 mln out of the total 71 mln jobs at risk. But because this comes amid a labor shortage, which emerged in late 2021, companies are aiming to hold on to personnel, while the government is announcing extra social support measures. In a conservative scenario, the unemployment rate could go u...

March 24, 2022 March 24, 2022 1 EN

Andrew Keeley ... (+3)

Andrew Keeley
Arthur Cherkesov
Ekaterina Sidorova

Russian Banks - What We Know at This Stage

In this note, we sum up a few thoughts on the current situation for Russia's banks.> Immediate pressure weathered... Since the initial brief depositor panic in late February, deposit flows have stabilized and even turned into net inflows as banks have hiked short-term deposit rates to around 20%, in line with the key rate.> ... and the CBR has experience of crises. The CBR is well versed in supporting the banking system through crises and has already made important moves in providing liquidity and capital forbearance. The banking sector recapitalization that we saw in 2008-09 and 2014-15 is no...

March 24, 2022 March 24, 2022 1 EN

Anton Stroutchenevski ... (+6)

Anton Stroutchenevski
Artem Vinogradov
Cole Akeson
Dmitry Troshin
Georgiy Ivanin
Research Team

CIS Market Daily - March 24, 2022

MARKET COMMENT - TRADING TO RESUME FOR DOMESTIC INVESTORS AHEAD OF THE NATO-G7-DM SUMMIT AND NEW SANCTIONSEquity trading resumes today after a four-week suspension, but nonresidents and short-sellers will not yet be welcomed back. In focus will be the summit of NATO, the G7 and the rest of the developed world, which was called to discuss the evolving responses to Russia's so-called "special military operation" against Ukraine. STORIES> Equity trading to resume today - but not for nonresidents> "Unfriendly" countries to pay for Russian gas in rubles> Weekly inflation still elevated at 1.9%; inf...

March 24, 2022 March 24, 2022 1 EN

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CIS Market Daily - 24 Ð´ÐµÐºÐ°Ð±Ñ€Ñ 2019

CIS Market Daily - November 2, 2021

Debt Markets Today - November 2, 2021. Russia ESG Goals, Fed Preview, Rusal Reorganization

CIS Market Daily - October 28, 2021

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

CIS Market Daily - March 24, 2022

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CIS Market Daily - 24 Ð´ÐµÐºÐ°Ð±Ñ€Ñ 2019