- Anastasia Khakhaeva
- Andrew Keeley
- Andrey Kuznetsov
- Andrey Gromadin
- Andrey Krylov
- Anna Kotelnikova
- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Irina Lapshina
- Kirill Rogachev
- Mikhail Krasnoperov
- Mikhail Sheybe
- Research Team
- Rodion Lomivorotov
- Svetlana Sukhanova
- Vladimir Lezhnev
CIS Market Daily - June 15, 2020
MARKET COMMENT - BEARISH COVID-19 AND MACRO HEADLINES FROM THE US, CHINA AND MOREMarkets sharply tumbled on Thursday on the back of bearish Covid-19 and macro headlines, primarily from the US. After a pause on Friday, markets abroad are again falling this morning after similarly negative headlines emerged from China and elsewhere. The other major theme of the week is central bank decisions and commentaries, with the CBR's due Friday.STORIES> EM equity outflow accelerates, with both GEM and APAC funds hit> Higher oil prices to boost macroeconomic balances> Russian budget revenues down 41% y-o-y in May> Oil price fundamentals: Post-trauma recovery> Transneft reports strong 1Q20 IFRS results> Potanin proposes to Rusal limiting Nornickel dividends for 2020> Halyk Bank: Upbeat outlook, dividend back in play; BUY reiterated> Yandex.Taxi's acquisition of Vezet blocked by FAS> X5 Retail Group may increase dividends for 2020 by 50%
MMC Norilsk Nickel PJSC is a global producer of nickel, palladium, platinum and copper. Co. also produces by-products, such as cobalt, chromium, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and sulfur. Co. is involved in prospecting, exploration, extraction, refining and metallurgical processing of minerals, as well as in production, marketing and sale of base and precious metals. Co.'s production facilities are located in five countries: Russia, Australia, Botswana, Finland, and South Africa. Co.'s production units are integrated and include: the Polar Division (the Taimyr Peninsula); and the Kola Mining and Metallurgical Company (Kola MMC or the Kola Peninsula).
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.
X5 Retail Group is a holding company. The main activity of Co. is the development and operation of grocery retail stores. Co. operates a retail chain of soft-discount, supermarket and hypermarket stores under the brand names "Pyaterochka", "Perekrestok" and "Karusel" in major population centres in Russia, including but not limited to Moscow, St. Petersburg, Nizhniy Novgorod, Rostov-on-Don, Kazan, Samara, Lipetsk, Chelyabinsk, Perm, Ekaterinburg and Kiev, Ukraine.
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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