- Andrey Gromadin
- Arthur Cherkesov
- Cole Akeson
- Georgiy Ivanin
- Konstantin Samarin
- Research Team
CIS Market Daily - December 1, 2021
MARKET COMMENT - BARGAIN HUNTING THIS MORNING AFTER HAWKISH POWELL COMMENTSMarkets were widely mixed yesterday, though aggregates were a bit lower (e.g. MSCI EM -0.5%). Russia slightly outperformed, the RTS gaining 0.4% to reach 1,646. Fed Chair Jerome Powell's remarks that asset purchases could be reduced faster than previously guided sent especially the US market into a downward trend later in the day Moscow time. Bargain hunting and mixed APAC macro reports have driven a recovery across most asset classes this morning. The calendar holds more remarks from Powell and Yellen, a busy macro calendar that includes ADP and EIA numbers, and potential for remarks from or in response to OPEC+, NATO and WTO meetings.STORIES> Transneft reports in-line 3Q21 IFRS results> TCS Group: Capital and co-CEO concerns notwithstanding, still delivering> Government likely to approve 6.8% rail freight tariff hike for 2022Globaltrans Investment is a rail transportation company in the Russian Federation. Co. is engaged in providing a wide range of railroad freight transport and logistics services. Co. provides rail freight transport and logistics services, as well as certain ancillary services to industrial customers and medium-size corporate customers in Russia and to destinations within Russia and to Ukraine. Co.'s regional network encompasses 10 branch offices. Co. is a private participant in the transportation of scrap and ferrous metals and it has market positions in the transportation of construction materials and ores.
TCS Group Holding is a retail banking services group based in the Russian Federation. Co. is principally engaged in providing retail banking services in the Russian Federation through its subsidiaries, primarily Tinkoff Credit Systems. Co., through this subsidiary, fully licensed by the Central Bank of Russia and a member of the Deposit Insurance System, specializes in credit cards. Co. provides online retail financial services through a branchless operating platform. Co. also offers remote access to its financial products and services through its online banking as well as through mobile banking and high-volume call centers.
Transneft is an oil pipeline group based in the Russian Federation. Co. and its subsidiaries operate a crude oil pipeline system totalling 50,142 km. Co. transport millions of tons of crude oil to domestic and export markets. Co. produces a substantial majority of the crude oil in the territory of the Russian Federation. In addition, Co., through Group Transnefteproduct operates an oil products pipeline system in the Russian Federation and in the Republics of Belarus and Ukraine totalling 18,746 km. Through its associate OOO LatRosTrans, Co. operates an interconnected system in the Latvian Republic.
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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