- Anastasia Khakhaeva
- Andrew Keeley
- Andrey Kuznetsov
- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Fedor Kornachev
- Irina Lapshina
- Kirill Rogachev
- Research Team
- Rodion Lomivorotov
- Svetlana Sukhanova
- Vladimir Lezhnev
CIS Market Daily - July 16, 2020
MARKET COMMENT - US/CHINA HEADLINES SPUR PULLBACK AFTER YESTERDAY'S VACCINE-DRIVEN RALLYStocks rallied globally yesterday in response to news of a successful early vaccine trial against Covid-19. Russia's total return outpaced peers, while Gazprom was in the news. Some profit-taking, mixed Chinese macro releases and hints of new escalation between the US and China have pushed global indicators negative this morning, while the ECB decision and US retail sales are the key events to watch for global stock markets. STORIES> Weekly inflation in Russia slows to 0.1%> NLMK: 2Q20 trading update good; earnings preview> HeadHunter: On track to boost share liquidity> QIWI completes the sale of its consumer lending business SOVEST> Moratorium on late payment fines may be canceled before next year> Etalon Group reports 2Q20 operating results> Tenge has recovered, but room for monetary easing limitedEtalon 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.
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.
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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