Report
Alexey Kirichok ...
  • Andrew Keeley
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Irina Lapshina
  • Kirill Rogachev
  • Rodion Lomivorotov
  • Vladimir Lezhnev

CIS Market Daily - January 21, 2020

MARKET COMMENT - RUSSIAN STOCKS CONTINUE TO CLIMB HIGHERRussian equities had another good day yesterday, with Rusal, Magnit and Aeroflot posting the biggest gains. The changes to the constitution and the government remain in focus.STORIES> New social spending set to boost retail sales but not overheat them> Budget surplus reaches R2 trln in 2019, close to 1.9% of GDP> Inflation down to 3% in 2019, deceleration expected in 1Q20> NLMK 4Q19 trading update: Financials to be weak, but dividend resilient> Etalon reports 4Q19/2019 operating results, applies for local listing> Kazakh economic activity indicator rises 7.9% y-o-y in December
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.

NLMK (GDR)

Novolipetsk Steel

Novolipetsk Steel is a vertically integrated steel manufacturing and production group based in Russia. Co. specializes in the manufacturing of high-quality hot and cold rolled steel in a variety of grades and sizes. Co. is also engaged in production and sales of flat steel products including slabs, hot rolled and cold rolled sheet, electrical steel, galvanized steel, cold rolled sheet with polymeric coatings. In addition, Co.'s areas of manufacturing include sintering, coke production, blast furnace production, steel-making, hot and cold-rolled flat steel production, galvanized and prepainted steel production. Co. exports its products to 70 countries around the world.

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
Alexey Kirichok

Andrew Keeley

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Irina Lapshina

Kirill Rogachev

Rodion Lomivorotov

Vladimir Lezhnev

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