Sberbank - Etalon Group (GDR) (2ET) ... CIS Market Daily - 19 января 2022

Report

Sberbank

Anton Chernyshev ...

Anton Stroutchenevski
Artem Vinogradov
Cole Akeson
Dmitry Troshin
Ekaterina Usanova
Georgiy Ivanin
Mikhail Krasnoperov
Research Team

CIS Market Daily - 19 января 2022

КОММЕНТАРИЙ И ПРОГНОЗ - НА РОССИЙСКИЙ АКЦИИ ОКАЗЫВАЮТ ДАВЛЕНИЕ ГЕОПОЛИТИЧЕСКИЕ РИСКИ, НА ГЛОБАЛЬНЫЕ РЫНКИ - ОПАСЕНИЯ НАСЧЕТ СТАВОК И ИНФЛЯЦИИГлобальные рынки вчера понесли большие потери из-за обеспокоенности ростом ставок и инфляцией. Индекс MSCI ACWI снизился на 1,6%, сильнее всего пострадали акции роста. Несмотря на относительно неплохой спрос на бумаги нефтегазового и прочих циклических секторов, Россия завершила вчерашние торги хуже всех развивающихся рынков: индекс РТС упал на 7,3% до 1 367 пунктов. Сегодня в центре внимания участников российского рынка, вероятно, по-прежнему будут геополитические новости, а на мировых рынках инвесторы ждут статистики по инфляции и рынку нефти.
НОВОСТИ> В 2021 году профицит счета текущих операций РФ был рекордно высоким - $120 млрд> Нефть продолжает дорожать на фоне новых перебоев с поставками и в преддверии отчета МЭА по рынку нефти> Глава Пятерочки покидает компанию> Операционные результаты ГК ПИК за 4К21: цены на жилье продолжают расти> ГК "Эталон" может выйти на тюменский рынок

19/01/2022 1 RU

Underlyings

Etalon Group (GDR)

Etalon Group is a real estate development and construction company. Co.'s principal activity is residential development in Saint-Petersburg metropolitan area and Moscow metropolitan area, the Russian Federation. Co. has three reportable segments: Residential Development, which includes construction of residential real estate including flats, built-in premises and parking places; Constructions Services, which includes construction services for third parties and for internal purpose; and Other Operations, which include selling of construction materials, construction of stand-alone premises for commercial use and various services related to sale and servicing of premises.

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US29760G1031 Berlin Stock Exchange Guernsey

PIK Group

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RU000A0JP7J7 Moscow Exchange MICEX-RTS Russia

PIK Group GDR

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US69338N2062 Germany

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.

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US98387E2054 Germany

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

Anton Chernyshev

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Dmitry Troshin

Ekaterina Usanova

Georgiy Ivanin

Mikhail Krasnoperov

Research Team

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КОММЕНТАРИЙ И ПРОГНОЗ - ДЕРЖАТЕЛИ ЕВРООБЛИГАЦИЙ РФ ПОЛУЧИЛИ КУПОННЫЕ ВЫПЛАТЫ, РОССИЙСКИЕ АКЦИИ ПО-ПРЕЖНЕМУ ЗАМОРОЖЕНЫ ДЛЯ НЕРЕЗИДЕНТОВ ИЗ-ЗА ОГРАНИЧЕНИЙ НА ВЫВОЗ КАПИТАЛАРубль вчера укрепился на 4,5% на Московской бирже, но на внешнем рынке просел на 4,9% до 102-103 руб. за доллар, и разница между курсами на внешнем и внутреннем рынках стала наименьшей за последние недели. Агентство Reuters сообщило, что держатели российских суверенных еврооблигаций благополучно получили купонные платежи в долларах. НОВОСТИ> Профицит бюджета РФ в феврале достиг 156 млрд руб.> Нефть подорожала на фоне неопредел...

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CIS EUROBOND MARKETThe Eurobond market remained inactive yesterday.GOVERNMENT DEBTYesterday saw a correction in the OFZ market, with yields rising 20-40 bps. This was actually a fairly modest move given how volatile things have been recently (yields dropped 250-300 bps on Monday-Tuesday, after the market reopened). Most of the OFZ curve closed in the 13.5-16.0% range. Trading volumes continued to gradually recover, reaching R13.5 bln yesterday on the Moscow Exchange. Still, that is only around half of the average seen over January and the beginning of February.STORIES> "Unfriendly" countries t...

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CIS Market Daily - 19 января 2022

X5 Retail Group N.V.: 1 director

CIS Market Daily - March 18, 2022

CIS Market Daily - 18 марта 2022

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Debt Markets Today - March 24, 2022. Ruble Settlement for Gas, Russian Weekly Inflation, Severstal Unable to Pay Coupon on Eurobond

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