Report
Andrey Kuznetsov ...
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Irina Lapshina
  • Mikhail Krasnoperov
  • Rodion Lomivorotov
  • Sergei Konygin
  • Svetlana Sukhanova
  • Yuri Popov

CIS Market Daily - August 24, 2018

MARKET COMMENT - RUSSIA UNDERPERFORMS AMID SANCTIONS CONCERNS, DISREGARDING RESILIENT OILThe RTS tumbled 2.0% to 1,044, compared with 0.2% and 0.3% respective drops for the MSCI EM and World (DM). The ruble saw some intraday gains on news that CBR FX purchases had been halted, but then returned to a downward trend. Remarks from US politicians on future sanctions plans appear to have been among the negative drivers, though global markets were also on the weaker side. Oil is gaining this morning, while other indicators are mixed. (... more inside)STORIES> Despite fears over future US sanctions policy, Russia sees small inflow> Ukrainian industrial output growth rise to 2.9% in July on low base> CBR halts FX purchases once again, ruble to be boosted> MegaFon: Around 90% of minorities submit shares in tender offer> MHP 2Q18 IFRS results: Cash EBITDA margin down 11 pp y-o-y> PhosAgro: Good 2Q18 earnings, stronger quarter ahead
Underlyings
Megafon

MegaFon is a mobile telecommunications operating group based in Russia. Co. maintains its own network of 4G, LTE protocol, providing a full range of mobile services across the country (Moscow, Moscow Region, Novosibirsk, Samara, Vladivostok, Ufa, Krasnodar Territory, Sochi, Saint-Petersburg, Kazan, Kostroma). Co. also offers fixed broadband, digital TV and IP-telephony in Moscow and in the Moscow, Belgorod, Voronezh, Kursk, Lipetsk and Orel regions. In addition, Co. provides broadband Internet access in the Volga region and the Far East. Co.'s subsidiaries maintain operations in Tajikistan, Abkhazia and South Ossetia.

MegaFon PJSC

MHP SE Sponsored GDR RegS

MHP is a holding company. Through its subsidiaries, Co. is engaged in poultry and related operations, grain growing, as well as other agricultural operations. Co.'s poultry and related operations integrate all functions related to the production of chicken, including hatching, fodder manufacturing, raising chickens to marketable age, processing and marketing of branded chilled products and include the production and sale of chicken products, sunflower oil, mixed fodder and convenience food products. Grain growing produces and sells grains. Other agricultural operations comprise the production and sale of cooked meat, sausages, beef, milk, goose meat, foie gras, fruit and feed grains.

PhosAgro PJSC

PhosAgro is a producer of phosphate-based fertilizers. As of Dec 31 2014, Co. had two segments: Phosphate-based products, which includes mainly production and distribution of ammophos, diammoniumphosphate, sodium tripoly phosphate and other phosphate based and complex (NPK) fertilisers on the factories located in Cherepovets, Balakovo and Volkhov, and production and distribution of apatite concentrate extracted from the apatite-nepheline ore, which is mined and processed in Kirovsk; and Nitrogen-based products,which includes mainly production and distribution of ammonia, ammonium nitrate and urea on the factory located in Cherepovets.

PhosAgro PJSC Sponsored GDR RegS

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
Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Irina Lapshina

Mikhail Krasnoperov

Rodion Lomivorotov

Sergei Konygin

Svetlana Sukhanova

Yuri Popov

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