Report
Alexander Kudrin ...
  • Cole Akeson
  • Maria Sukhanova
  • Mikhail Krasnoperov
  • Svetlana Sukhanova

CIS Market Daily - April 20, 2018

MARKET COMMENT - MARKETS LOOK UNENTHUSIASTIC, WHILE OPEC+, IMF AND WB MEETThe RTS's recent recovery took a pause with a 0.1% slip to 1,154 yesterday. Markets look a bit soft globally this morning after a weak US session, though catalysts are few and far between. The OPEC+ monitoring committee meeting, continuing IMF and World Bank meetings in DC, and a number of scheduled Russian corporate events are on today's agenda.STORIES> Government finalizes Yarovaya law data storage requirements> Kcell BoD recommends 2017 DPS of KZT58.4 > Kcell 1Q18 results: Higher G&A costs hit EBITDA> X5 Retail Group 1Q18 trading update: Revenue growth falls to 20.2% > Obuv Rossii 1Q18 trading update: Revenues up 6.1% amid 11% LFL drop> Lenta reports 19.9% top-line growth in 1Q18
Underlyings
Kcell Joint Stock Company

Lenta International PJSC

Lenta is a hypermarket group based in Russia. Co. operates 87 hypermarkets in 50 cities across Russia and 16 supermarkets in the Moscow region with a total of approximately 571,328 sq.m. of selling space. Co. also operates four distribution centers for hypermarkets and one for supermarkets. operates three hypermarket formats: Standard, typically with approximately 7,000 sq. m. of selling space (smaller than many Western European hypermarkets) and 24,000 stock keeping unit (SKUs); Compact, typically with approximately 5,000 sq. m. of selling space and 20,300 SKUs; and Supercompact, typically with approximately 3,000 sq. m. of selling space and 15,000 SKUs.

OR PSJC

OR PAO, formerly OR OAO, is a Russia-based company, which is engaged in the footwear industry. The Company specializes in manufacture, retail and wholesale of footwear, outwear and accessories. The Company offers financial services to its customers including installment payments and cash loans. The financial strategy of the Company includes bond program implementation and unsecured loans. Its retailers portfolio is comprised of Westfalika, Emilia Estra, Rossita, Lisette and Peshekhod. The Company also owns such brands as S-TEP, all.go and Snow Guard. It operates two factories in Novosibirsk region. The Company operates domestically.

VEON Ltd. Sponsored ADR

X5 Retail Group N.V. Sponsored GDR RegS

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.

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
Alexander Kudrin

Cole Akeson

Maria Sukhanova

Mikhail Krasnoperov

Svetlana Sukhanova

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