Report
Andrew Keeley ...
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Irina Lapshina
  • Rodion Lomivorotov
  • Sergei Konygin
  • Svetlana Sukhanova

CIS Market Daily - August 10, 2018

MARKET COMMENTRussian financial assets remained in retreat yesterday as sanctions continued to dominate the news flow. The ruble tumbled to its lowest point since mid-2016, while the RTS index closed below 1,100. Nevertheless, it is not Russia, but Turkey that will likely be the center of attention today, as the country's FX market is in a meltdown, with the lira already down 10% this morning.
Underlyings
Evraz PLC

Evraz engages in the production and distribution of steel and related products and coal and iron ore mining. Co. also produces vanadium products. Co. has four segments: Steel, which includes production of steel and related products at all mills except for those in North America, and includes the extraction of vanadium ore and production of vanadium products, iron ore mining and enrichment and certain energy-generating companies; Steel, North America, which includes production of steel and related products in the U.S. and Canada; Coal, which includes coal mining and enrichment; and Other operations, which includes energy-generating companies, shipping and railway transportation companies.

Megafon

MegaFon is a mobile telecommunications operating group based in Russia. Co. maintains its own network of 4G, LTE protocol, providing a full range of mobile services across the country (Moscow, Moscow Region, Novosibirsk, Samara, Vladivostok, Ufa, Krasnodar Territory, Sochi, Saint-Petersburg, Kazan, Kostroma). Co. also offers fixed broadband, digital TV and IP-telephony in Moscow and in the Moscow, Belgorod, Voronezh, Kursk, Lipetsk and Orel regions. In addition, Co. provides broadband Internet access in the Volga region and the Far East. Co.'s subsidiaries maintain operations in Tajikistan, Abkhazia and South Ossetia.

MegaFon PJSC

Qiwi Plc Sponsored ADR Class B

VTB Bank (GDR)

VTB Bank PJSC

Bank VTB PAO is a Russia-based bank engaged in the provision of financial services. The Bank reports five segments: Corporate-Investment banking includes operations with corporate customers that are large business customers and banking financial institutions, as well as operations on the securities market; Mid-Corporate banking covers operations with medium business corporate customers; Retail business includes operations with individuals and small business corporate customers, and offers operations on Internet and mobile Point-of-Sale acquiring, plastic cards, payroll services and financial consulting, among others; Treasury comprises operations to manage liquidity, operations on financial and interbank markets, cash flow management and debit financing operation; as well as Other business includes two business: Construction and development involves operations undertaken by Company in the construction and development industry, and Other activities represent non-banking business.

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
Andrew Keeley

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Irina Lapshina

Rodion Lomivorotov

Sergei Konygin

Svetlana Sukhanova

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