Report
Alexander Kudrin

CIS Market Daily - November 29, 2017

> Trader's comment on Russian market
> Market comment - EIA, OPEC+ and Fed in focus after bearish API release
> OPEC meeting preview: Great expectations
> Gazprom to raise capex, rejects dividend hike
> Rosneft resurrects the idea of a Barents Sea pipeline
> VTB 10m17 IFRS results: Strong October earnings
> Vasyl Latsanych to become VEON Russia CEO
> Mortgage subsidy program set to be reintroduced ahead of elections
> Key shareholders sell another 10% in Etalon Group
Underlying
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.

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
Alexander Kudrin

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