Report
Andrew Keeley ...
  • Andrey Gromadin
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Arthur Cherkesov
  • Cole Akeson
  • Konstantin Samarin
  • Research Team
  • Yaroslav Lissovolik

CIS Market Daily - December 13, 2021

MARKET COMMENT - MONETARY POLICY IN FOCUSG7 WARNS RUSSIA ON STANDOFF WITH UKRAINEAsian and European stock indexes traded modestly down on Friday. However, the US session provided substantial support, with both the S&P 500 and NASDAQ closing 0.7-1.0% higher, as the high inflation data was already in line with the market estimates. Russian stocks traded down on Friday after a strong rebound on Thursday. The RTS declined 1.2% on low volumes.STORIES> Tighter monetary policy to help disinflation in 2022> Transneft to switch to semiannual DPS in 2022; plans share split> Lukoil agrees to amended terms for Shah Deniz deal> Kaspi.kz: Cracking the fintech conundrum> Halyk Bank completes share buyback> Ukrainian inflation eases to 10.3% y-o-y in November
Underlyings
Halyk Savings Bank of Kazakhstan GDR

Halyk Savings Bank of Kazakhstan JSC

Kaspi kz

Oil company LUKOIL PJSC

PJSC Lukoil is a vertically-integrated oil company engaged in the exploration and production of crude oil and natural gas. Co. is engaged in all main sectors of the modern oil business including supplies, refining, marketing, transportation, petrochemicals and oil-related activities. Co.'s operations are divided into five business segments: Exploration and Production; Refining, Marketing and Distribution; Chemicals; Power Generation and Other Business Segments. Co. owns and operates refineries in Bulgaria (LUKOIL Neftochim Bourgas AD) and Romania (Petrotel-LUKOIL).

Oil company LUKOIL PJSC Sponsored ADR

Transneft PJSC Pref.

Transneft is an oil pipeline group based in the Russian Federation. Co. and its subsidiaries operate a crude oil pipeline system totalling 50,142 km. Co. transport millions of tons of crude oil to domestic and export markets. Co. produces a substantial majority of the crude oil in the territory of the Russian Federation. In addition, Co., through Group Transnefteproduct operates an oil products pipeline system in the Russian Federation and in the Republics of Belarus and Ukraine totalling 18,746 km. Through its associate OOO LatRosTrans, Co. operates an interconnected system in the Latvian Republic.

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
Andrew Keeley

Andrey Gromadin

Anton Stroutchenevski

Artem Vinogradov

Arthur Cherkesov

Cole Akeson

Konstantin Samarin

Research Team

Yaroslav Lissovolik

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