- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Georgiy Ivanin
- Konstantin Samarin
- Research Team
CIS Market Daily - November 26, 2021
MARKET COMMENT - NEW AFRICAN COVID-19 VARIANT TRIGGERS A GLOBAL SELLOFFWhile the US was closed for holiday, the RTS (1,666) edged up 0.3%, MSCI EM 0.1% and MSCI Europe 0.5%. However, APAC markets and global futures are sliding sharply today following headlines regarding a new variant of Covid-19 emerging from Africa. Thin turnover due to the US holiday, along with portfolios being prepared for the year-end, likely magnifies the effect, but past variant scares have eventually become buying opportunities.STORIES> Russia Economic Monthly: Inflationary pressure from wage growth drops sharply in 2021> Gazprom 3Q21 preview: Expecting strong update with more focus on 4Q21> Gazprom management board approves capex hike for 2022> InterRAO reports strong 3Q21 IFRS results, upgrades 2021 EBITDA guidance by 3%> RusHydro reports in-line 3Q21 IFRS resultsPJSC 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.
PJSC Gazprom is a gas company based in Russia. Co.'s principal activity is the sale of gas. Co. is also involved in other types of activities which include leasing of assets, gas transportation and storage services, sale of gas condensate and refined products. Co. and its subsidiaries and associates operates gas pipelines systems in Russia. Co. is responsible for substantially all gas production and high pressure gas transportation in the Russian Federation. Co. is also a major exporter of gas to European countries. Co. is directly involved in exploration and drilling for hydrocarbons, production of gas and other hydrocarbons and domestic and export sale of gas and other hydrocarbons.
Inter RAO UES PJSC is a functioning operator of electricity exports and imports in the territory of Russia. Co. represents the interests of two Russian power sector participants: RAO UES of Russia and Rosenergoatom concern, which possess 60 and 40% of the shares respectively. Co. is engaged in arranging transboundary electricity supplies, to provide both domestic and foreign consumers with electric power. Co. is also engaged in pursuing effective investment activities. Co. is developing several areas of activity, including: electric power export and import supplies; electricity sales in home and foreign markets; investment activities; and foreign asset management.
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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