- Artem Vinogradov
- Cole Akeson
- Dmitry Troshin
- Ekaterina Usanova
- Georgiy Ivanin
- Mikhail Krasnoperov
- Research Team
CIS Market Daily - January 19, 2022
MARKET COMMENT - RUSSIA DRAGGED BY GEOPOLITICAL CONCERNS, GLOBE BY RATES AND INFLATIONGlobal markets saw significant declines on rate and inflation concerns, the MSCI ACWI falling 1.6% with weakness particularly in growth stocks. Despite relatively better appetites for energy and other cyclicals, Russia was the worst performing EM with a 7.3% drop on the RTS to 1,367. Geopolitical headlines will likely remain in focus for the Russian market, as detailed in our stories below, while inflation and oil data will be watched for both Russia and global markets.STORIES> Developments to watch as valuations at rarely seen crisis levels> Russian current account surplus hits record $120 bln last year> Head of X5's Pyaterochka format to leave the company> PIK Group 4Q21 trading update: Housing prices continued to grow> Etalon Group may expand to Tyumen RegionEtalon 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.
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.
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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