Report
Alisa Zakirova ...
  • Andrew Keeley
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Anton Chernyshev
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Arthur Cherkesov
  • Cole Akeson
  • Georgiy Ivanin
  • Igor Rapokhin
  • Mikhail Sheybe
  • Olga Sterina
  • Research Team
  • Sergey Kolesnikov, FRM
  • Yuri Popov

CIS Market Daily - October 4, 2021

MARKET COMMENT - EVERGRANDE WORRIES, OPEC+, US EMPLOYMENT DATA IN FOCUSMost markets closed weaker for the day and week on Friday. Despite a more optimistic US session, global indicators continue to look lower this morning, partly in response to concerning Evergrande headlines and a lack of news elsewhere. The OPEC+ virtual meeting is in focus today.STORIES> Multi-Asset Sputnik: Pulling through winter> Putin seeks to limit infrastructure investment using the NWF> Basic sector output growth further slows to 4.0% in August> GDP breakdown for 2Q21 shows growth driven by household consumption and investment> Key takeaways from our trip to Gazprom's Amur GPP and Power of Siberia> Gas companies' September operating updates confirm growth slowed in 3Q21> Russian oil companies' crude output continues to gradually recover> Oleg Tinkov agrees to pay $506 mln fine> Railcar load volumes and spot rental rates up in September
Underlyings
Gazprom (GDR)

Gazprom PJSC

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.

Globaltrans Investment Plc Sponsored GDR RegS

Globaltrans 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.

NOVATEK JSC

Novatek is an independent gas producer and natural gas producer in Russia. Co. is engaged in the exploration, production, and processing of natural gas and liquid hydrocarbons. Co.'s upstream activities are concentrated in the Yamal-Nenets region, which is a natural gas producing area and accounts for a significant part of Russia's natural gas production. Co.'s three core fields are located in the regions of Yurkharovskoye, East Tarkosalinskoye and Khancheyskoye. Co. maintains natural gas reserves of approximately 1,144 bcm. Co.'s total net proved reserves totals around 8,088 million barrels of oil equivalent (boe).

NOVATEK JSC Sponsored GDR RegS

TCS Group Holding Plc Sponsored GDR Class A RegS

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.

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
Alisa Zakirova

Andrew Keeley

Andrey Kuznetsov

Andrey Gromadin

Anton Chernyshev

Anton Stroutchenevski

Artem Vinogradov

Arthur Cherkesov

Cole Akeson

Georgiy Ivanin

Igor Rapokhin

Mikhail Sheybe

Olga Sterina

Research Team

Sergey Kolesnikov, FRM

Yuri Popov

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