- Cole Akeson
- Fedor Kornachev
- Georgiy Ivanin
- Mikhail Krasnoperov
- Research Team
CIS Market Daily - November 17, 2021
MARKET COMMENT - SLIGHTLY IMPROVED MORNING OUTLOOK AFTER RUSSIA UNDERPERFORMED ON DISINTEREST IN CYCLICALS YESTERDAYA soaring dollar left commodity and EM stock gains difficult to find later in the day, the MSCI EM EMEA and LatAm falling 0.6-2.1%. The RTS declined 1.3% to 1,768 on a lack of global interest in the sectors that make up 85% of Russia's most tracked benchmark, pushing the market further into its cheapest levels of the year. Early morning Russia indicators suggest some dip buying for the market, while global indicators are more ambiguous. MTS's financials, GDP and CPI updates, and regional political news flow will likely be in focus.STORIES> Nord Stream 2 certification temporarily suspended> Ozon 3Q21 IFRS: Strong growth, GMV guidance upgraded> Ivanovs and financial markets: Ease of access likely to continue attracting retail investors> SCF 3Q21 IFRS review: Weak quarter, but above expectations
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.
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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