- Andrey Gromadin
- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Georgiy Ivanin
- Research Team
CIS Market Daily - August 9, 2021
MARKET COMMENT - DOLLAR UP ON ROBUST US MACRO; RUSSIA'S METALS TAX DEBATE IN FOCUSA robust US monthly jobs report had mixed effects on markets, supporting economic sentiment but renewing concerns about how soon and how fast economic support measures may be withdrawn in the US and elsewhere. The MSCI EM declined 0.6%. The RTS fell 1.2% to 1,633. The global macro debate continues to draw focus today, while in the Russian market a remark from President Vladimir Putin over the weekend has focus again on metals taxes, though no material numbers have emerged. STORIES> Annualized core inflation remains above CBR's target in July> President Putin announces MET hike for metals in 2022> Urengoi fire to reduce Gazprom's liquids production in 2021-22> OGK-2 reports solid 2Q21 IFRS results, as expected
PJSC Gazprom is a gas company based in Russia. Co.'s principal activity is the sale of gas. Co. is also involved in other types of activities which include leasing of assets, gas transportation and storage services, sale of gas condensate and refined products. Co. and its subsidiaries and associates operates gas pipelines systems in Russia. Co. is responsible for substantially all gas production and high pressure gas transportation in the Russian Federation. Co. is also a major exporter of gas to European countries. Co. is directly involved in exploration and drilling for hydrocarbons, production of gas and other hydrocarbons and domestic and export sale of gas and other hydrocarbons.
OGK-2 JSC is primarily engaged in the generation and sale of electric and heat power. Co. consists of the following power stations (plants): Troitskaya GRES, Stavropolskaya GRES, Pskovskaya GRES, Serovskaya GRES, Surgutskaya GRES-1, Kirishkaya GRES, Ryazanskaya GRES, Novochercasskaya GRES, Krasnoyarskaya GRES-2, and Cherepovetskaya GRES.
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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