- Andrey Gromadin
- Cole Akeson
- Fedor Kornachev
- Konstantin Samarin
- Research Team
CIS Market Daily - February 16, 2022
MARKET COMMENT - LIMITED TROOP RECALLS, CONSTRUCTIVE POLITICAL REMARKS DRIVE RALLYThe RTS soared 5% yesterday to 1,498, and morning indicators imply another sharp gain early today. A bullish global backdrop has helped, but Russia is outperforming on apparent investor hopes that limited troop recalls and constructive remarks from President Vladimir Putin and German Chancellor Olaf Scholz signal an end for now to rising political risk perceptions for the market. Novatek's results and a NATO defense ministers' meeting are also in focus today, while global markets will be watching for US retail sales and the FOMC minutes.STORIES> Gazprom Neft 4Q21 IFRS preview: Anticipating modest earnings growth> Yandex 4Q21 US GAAP results: Strong set of results, more focus on profitability in e-commerce> Softline: Analyzing the updated guidance
Gazprom Neft PJSC is vertically integrated oil company operating in the Russian Federation, CIS and internationally. Co.'s principal activities include exploration, production and development of crude oil and gas, production of refined petroleum products and distribution and market ing operations through its retail outlets. Co.'s Upstream segment includes the exploration, development and production of crude oil and natural gas (including joint ventures results), oil field services. Co.'s Downstream segment processes crude into refined products and purchases and sells and transports crude and refined petroleum products (refining and marketing).
Yandex is an internet and technology company that operates an internet search engine in Russia. Co. builds intelligent products and services powered by machine learning. Co.'s products and services are based on complex, unique technologies that are not easily replicated. Co. generates substantially all of its revenues from online advertising. Co. also generates revenues from its e-commerce offerings, classifieds and e-hailing service. Co.'s businesses are organized in the following operating segments: Search and Portal; E-commerce; Taxi; Classifieds and Experimental businesses.
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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