Report
Andrey Kuznetsov ...
  • Andrey Gromadin
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Lyudmila Melnikova
  • Mikhail Krasnoperov
  • Research Team

CIS Market Daily - September 10, 2021

MARKET COMMENT - CHINA CALL AND GAME NEWS, US VACCINE MANDATES STIR BOUNCE BACKThe MSCI ACWI declined 0.4% for a third consecutive loss. The well-known mix of Covid-19 and central bank policy concerns continued to weigh on markets, but more positive headlines regarding US-China tensions, Chinese tech policies and US Covid-19 efforts have helped markets begin to bounce back this morning. The CBR decision and GDP release are in focus for Russia, while ECB commentaries and busy European and US macro schedules will be generating global headlines. STORIES> EM/FM equities see slower fifth week of net inflow> Russia and Belarus finally agree on integration maps> Russia's current account surplus grows to $18 bln in August, driven by one-off factors> Gazprom signs EPC contract for Ust-Luga LNG> MHP 2Q21 IFRS: Cash EBITDA up 58% y-o-y to record level, leverage improves
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.

MHP SE Sponsored GDR RegS

MHP is a holding company. Through its subsidiaries, Co. is engaged in poultry and related operations, grain growing, as well as other agricultural operations. Co.'s poultry and related operations integrate all functions related to the production of chicken, including hatching, fodder manufacturing, raising chickens to marketable age, processing and marketing of branded chilled products and include the production and sale of chicken products, sunflower oil, mixed fodder and convenience food products. Grain growing produces and sells grains. Other agricultural operations comprise the production and sale of cooked meat, sausages, beef, milk, goose meat, foie gras, fruit and feed grains.

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
Andrey Kuznetsov

Andrey Gromadin

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Lyudmila Melnikova

Mikhail Krasnoperov

Research Team

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