Report
Anastasia Khakhaeva ...
  • Cole Akeson
  • Fedor Kornachev
  • Maria Martynova
  • Research Team
  • Sergey Donskoy

CIS Market Daily - February 4, 2022

MARKET COMMENT - POLITICAL EVENTS, US PAYROLLS LIKELY TO GUIDE MARKETS TODAYA hawkish turn from the BoE and ECB and weak US tech results saw markets ease. Russia fared a bit worse than peers, the RTS declining 2.2% to 1,432 after recent days' rebound. Better US tech results released last night and a strong post-holiday performance in Asia have set up the morning to look more bullish, while political events (including a potential, long-promised unveiling of a new US sanctions bill) and US nonfarm payrolls are likely to guide our markets today.STORIES> NLMK 4Q21 financial results: Key P&L lines slightly above expectations, but generally neutral for the stock> AliExpress Russia reports 2021 operating results> Placing VK UNDER REVIEW
Underlyings
Mail.ru Group Ltd. Sponsored GDR

Mail.Ru Group is an Internet company based in the Russian Federation. Co. operates the email service [email protected] and two IM networks in Russia - Mail.Ru Agent and ICQ. Co. operates two Russian-language online social networking sites: Moi [email protected] and Odnoklassniki.ru, and owns a strategic minority equity stake in the social network Vkontakte. Co. is also engaged in developing projects in E-commerce and operating more than 40 thematic vertical sites, targeting various user categories. Co. is also Russia's predominant online games company. Co. maintains a portfolio of online games which includes 34 MMO games and over 30 games for social networking sites.

NLMK (GDR)

Novolipetsk Steel

Novolipetsk Steel is a vertically integrated steel manufacturing and production group based in Russia. Co. specializes in the manufacturing of high-quality hot and cold rolled steel in a variety of grades and sizes. Co. is also engaged in production and sales of flat steel products including slabs, hot rolled and cold rolled sheet, electrical steel, galvanized steel, cold rolled sheet with polymeric coatings. In addition, Co.'s areas of manufacturing include sintering, coke production, blast furnace production, steel-making, hot and cold-rolled flat steel production, galvanized and prepainted steel production. Co. exports its products to 70 countries around the world.

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

Cole Akeson

Fedor Kornachev

Maria Martynova

Research Team

Sergey Donskoy

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