Report
Alexander Kudrin

CIS Market Daily - November 3, 2017

> Trader's comment on Russian market
> Market comment - Stronger oil, soft US policy adding up to a stronger open
> EMs back to inflows; Russian actives add more than passives remove
> FX interventions: Finance Ministry interventions set to rise sharply
> Gazprom's output growth slows in October
> Russia on track with OPEC+ target, but all eyes on potential extension
> Severstal investor day: Higher returns via innovation
> Moscow Exchange publishes 10m17 trading data
> VEON 3Q17 preview: Russia recovers further, pressure from Uzbek FX
> Rostelecom 3Q17 IFRS: Strong top line not feeding into EBITDA
> Etalon Group: October presales - talking up the share price?
> EPAM Systems 3Q17 US GAAP: A strong quarter on better margins
Underlying
EPAM Systems Inc.

Epam Systems is a provider of software product development and digital platform engineering services to customers located around the world, primarily in North America, Europe, Asia and Australia. The company's industry services include financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, as well as other industries.

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
Alexander Kudrin

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