Report
Andrey Kuznetsov ...
  • Andrey Gromadin
  • Cole Akeson
  • Georgiy Ivanin
  • Research Team

CIS Market Daily - September 6, 2021

MARKET COMMENT - MIXED IMPLICATIONS OF US PAYROLLS, WHILE ALUMINUM SOARS AND OIL SLIDESA big miss on US payrolls offered mixed implications, with some investors focusing on hopes of a more cautious tapering of asset purchases from the Fed while others focused on risks to the global economic recovery. The MSCI ACWI edged up 0.1% and the RTS (1,734) 0.4%, the Russian index now around 1% below a ten-year high. Global indicators lean positive this morning, while aluminum is soaring. On the other hand, oil and Russia indicators lean negative.STORIES> EPFR Global: Russia returns to inflow after three weeks> Rosneft sells its 50% stake in Tomskneft> Rosseti may get revenue source for dividend payments in form of tariff component> Etalon Group announces partnership with Ozon
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.

Rosneft Oil Co.

OJSC OC Rosneft is a vertically-integrated Russian oil and gas company with upstream and downstream operations in each of Russia's oil-producing regions. Headquartered in Moscow, Co. operates ten oil and gas producing enterprises across Russia and is involved in over ten exploration projects. In addition to its upstream operations, Co. also owns two refineries, which have a combined capacity of 10 million tons per year, as well as four main oil export terminals and a nationwide network of over 600 service stations. Co.'s downstream operations consist of its crude oil export structure, refining operations and nationwide network of marketing subsidiaries.

Rosneft Oil Co. Sponsored GDR RegS

Rosseti

PJSC Rosseti is a holding company based in Russia. Co. is engaged in the management of companies that operate in the energy sector. Co.'s core business is the management of electric grid subsidiaries for the purpose of pursuing a common policy in the field of electric grid services, specifically in the area of innovations, energy conservation and energy efficiency, development and implementation of a common strategy for developing the distribution electric grid sector of the Russian Federation. Co.'s other services comprise property management, consulting, securities operations, scientific research and construction and transport and expedition.

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
Andrey Kuznetsov

Andrey Gromadin

Cole Akeson

Georgiy Ivanin

Research Team

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