- Andrew Keeley
- Andrey Kuznetsov
- Arthur Cherkesov
- Cole Akeson
- Fedor Kornachev
- Georgiy Ivanin
- Research Team
CIS Market Daily - August 24, 2021
MARKET COMMENT - FORMAL PFIZER VACCINE APPROVAL FURTHER BOOSTS MARKETSInvestors continued to buy the dip through the middle of the day, and then the formal approval of the Pfizer Covid-19 vaccine in the US gave markets another shot in the arm. The MSCI ACWI climbed 1.1%. The RTS soared 1.6%, a result in the middle of the EM pack. The same drivers continue to push markets this morning, as well as some Chinese remarks that are rather noncommittal but have been taken well by investors. STORIES> TCS 2Q21 IFRS preview: Heading for a strong quarter> TCS to apply for digital banking license in the Philippines> VEON 2Q21 IFRS preview> Sistema 2Q21 IFRS preview> RusHydro 2Q21 preview: Return to y-o-y growth after weak 1Q21> Sovcomflot 2Q21 IFRS preview: No major changes Q-o-QPJSC RusHydro is a hydro-generating company based in Russia. Co. is engaged in the generation and sale of electricity and capacity on the Russian wholesale and retail markets, as well as generation and sale of heat energy. The main activity of Co. is production of power from renewable energy sources, developing power generation using water flows, tidal, wind and geothermal energy. It has an installed electricity generation capacity of 38.5 GW; and heat capacity of 16.2 GCal/h.
Sistema is a telecommunications and technology investment group based in Russia. Co. invests in, and manages a range of companies which operate in the telecommunications, oil and energy, high technology, banking and other sectors. The main focus of Co.'s activities is service-based industries. Co.'s operations are organized along four segments: Telecommunications, Technology and Industry, Consumer Assets and Oil and Energy. Through its subsidiaries, Co.'s activities include: wireless telecommunications services , IT and systems integration, cable TV, manufacturing of radiotechnical equipment, oil, gas and energy production, banking activities, trading and investing and financing activities.
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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