CIS Market Daily - November 22, 2021
MARKET COMMENT - ANTI-CYCLICAL MOVES, POLITICAL TENSIONS MAKE RECOVERY DIFFICULTHawkish remarks from FOMC members, poor sentiment toward cyclicals, and political tensions have made a recovery difficult to achieve for the Russian market. The RTS fell 2.2% on Friday to 1,724, and futures are down this morning on a mixed global backdrop. Results and central bank and political events loom this week.STORIES> US Senator Menendez authors new sanctions legislation> Inflow to Russia-dedicated funds after recent underperformance> Yamal LNG to pay its first dividend> Halyk Bank 3Q21 IFRS: Another strong quarter> TCS 3Q21 IFRS preview: Good quarter, but focus likely to be elsewhere
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).
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.
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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