Report
Anastasia Khakhaeva ...
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Fedor Kornachev
  • Maria Martynova
  • Research Team
  • Sergey Donskoy

CIS Market Daily - December 8, 2021

MARKET COMMENT - WATCHING POLITICAL REMARKS, CPI AS EASING OMICRON WORRIES DRIVE THE RALLYEasing Omicron fears and Chinese policy easing helped drive a second day of gains, the MSCI EM rising 1.8% and MSCI World 2.1%. Russia was no exception, the RTS climbing 1.5% to 1,647 in one of the better EM performances. The rally continues in global markets this morning, while remarks regarding Presidents Vladimir Putin's and Joe Biden's talks leave mixed impressions for markets, which we detail inside. STORIES> No Putin/Biden compromises; US Congress backs off sanctions language> Takeaways from MMK's 2021 capital markets day> VEON investor day: Upbeat FCF outlook, timing for tower sale, positive changes in motivation program> Softline: Taking EMs to the cloud> Ukraine's key sector output surges 20.3% y-o-y in October
Underlyings
Magnitogorsk Iron & Steel Works (GDR)

Magnitogorsk Iron & Steel Works PJSC

Magnitogorskiy Metallurgicheskiy Kombinat PAO, formerly Magnitogorskiy metallurgicheskiy kombinat OAO, is a Russia-based company, active in the steel industry. Its main products are sinter, coke, iron, crude steel, rolled products and ore materials. The Company offers a wide range of products such as wire rod, rebars, square bars, strips, round bars, among others. It is also involved in the coal ore mining, processing of ore materials, sale of ferrous metal products and others. Magnitogorskiy metallurgicheskiy kombinat OAO operates as a supplier for such industries as: pipelines, vehicles, railway, construction and shipbuilding, among others. Its subsidiaries include Lys'venskaya Metallurgicheskaya Kompaniya OOO, among others. The Company operates domestically, as well as exports its products to the Commonwealth of Independent States (CIS) countries, Asia, the Middle East and Europe.

SOFTLINE HLDG PLC

VimpelCom Ltd. ADS

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
Anastasia Khakhaeva

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Fedor Kornachev

Maria Martynova

Research Team

Sergey Donskoy

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