Report
Aleksey Ryabushko ...
  • Andrey Kuznetsov
  • Cole Akeson
  • Fedor Kornachev
  • Oksana Mustiatsa
  • Svetlana Sukhanova

CIS Market Daily - November 12, 2018

MARKET COMMENT - STORM CLOUDS ON FRIDAY, BETTER OUTLOOK AND A FULL SCHEDULE FOR THIS WEEKEquities were unpopular globally on Friday. The 3.0% drop on the MSCI Russia and 2.9% on the RTS (1,121) put Russia in last place among the EM pack. The MSCI EM and World (DM) tumbled 1.7% and 0.9%, respectively. Meanwhile, promises of curtailed supplies have seen Brent bounce back 1.4% since Friday's Moscow close, and APAC markets also look more constructive this morning. The week is full of major international summits, detailed below.STORIES> OFAC extends deadline on Rusal and En+ Group sanctions for sixth time> Yandex: Staying sanguine> TGK-1 posts weak 3Q18 IFRS results> InterRAO UES 3Q18 IFRS preview> Unipro 3Q18 IFRS preview
Underlyings
Inter RAO UES PJSC

Inter RAO UES PJSC is a functioning operator of electricity exports and imports in the territory of Russia. Co. represents the interests of two Russian power sector participants: RAO UES of Russia and Rosenergoatom concern, which possess 60 and 40% of the shares respectively. Co. is engaged in arranging transboundary electricity supplies, to provide both domestic and foreign consumers with electric power. Co. is also engaged in pursuing effective investment activities. Co. is developing several areas of activity, including: electric power export and import supplies; electricity sales in home and foreign markets; investment activities; and foreign asset management.

TGK-1

Territorial Generating Company - 1 is a producer of electricity and heat energy in the North-West region of Russia. Co. incorporates generating enterprises from the Baltic Sea to the Barents Sea. Generated electricity is delivered to the domestic wholesale market of electricity and capacity as well as exported to Finland and Norway. Co. is a strategic supplier of heat energy in Saint Petersburg, Petrozavodsk, Murmansk, Kirovsk in the Leningrad Oblast, and Apatity in the Murmansk Oblast.

Unipro

E.ON Russia is engaged in the wholesale electricity market, it produces and sells electric and heat power. As of Dec. 31, 2012, the structure of Co. includes five heat power plants with the total installed capacity of 10,345 MW/2,125.9 Gcal/h: Surgutskaya GRES-2 (Khanty-Mansi Autonomous Area, Tyumen Region), Berezovskaya GRES (Krasnoyarsk Territory), Shaturskaya GRES (Moscow Region), Smolenskaya GRES (Smolensk Region) and Yaivinskaya GRES (Perm Territory).

Yandex NV Class A

Yandex is an internet and technology company that operates an internet search engine in Russia. Co. builds intelligent products and services powered by machine learning. Co.'s products and services are based on complex, unique technologies that are not easily replicated. Co. generates substantially all of its revenues from online advertising. Co. also generates revenues from its e-commerce offerings, classifieds and e-hailing service. Co.'s businesses are organized in the following operating segments: Search and Portal; E-commerce; Taxi; Classifieds and Experimental businesses.

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

Andrey Kuznetsov

Cole Akeson

Fedor Kornachev

Oksana Mustiatsa

Svetlana Sukhanova

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