- Andrey Gromadin
- Cole Akeson
- Fedor Kornachev
- Georgiy Ivanin
- Research Team
CIS Market Daily - September 24, 2021
MARKET COMMENT - CENTRAL BANKS, SANCTIONS AND CHINA DEVELOPMENTS IN FOCUSMarkets continued to recover, the MSCI ACWI gaining 1.0%. Easing concerns following the passage of the Fed meeting and the worrying China news flow early in the week have helped support markets, though the China story has come back this morning on reports again warning of a potential collapse for Evergrande. The RTS edged up 0.3% to 1,753, while this morning global indicators are ambiguous and Russia indicators higher. STORIES> US House defense budget draft considers more sanctions; neutral> Novatek CFO arrested in US on tax charges> Ozon considering entering the online cinema segment> Etalon Group 1H21 IFRS results preview: Focus on 2020 dividends and 2021 sales guidanceEtalon 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.
Novatek is an independent gas producer and natural gas producer in Russia. Co. is engaged in the exploration, production, and processing of natural gas and liquid hydrocarbons. Co.'s upstream activities are concentrated in the Yamal-Nenets region, which is a natural gas producing area and accounts for a significant part of Russia's natural gas production. Co.'s three core fields are located in the regions of Yurkharovskoye, East Tarkosalinskoye and Khancheyskoye. Co. maintains natural gas reserves of approximately 1,144 bcm. Co.'s total net proved reserves totals around 8,088 million barrels of oil equivalent (boe).
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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