CIS Market Daily - February 3, 2020
MARKET COMMENT - CORONAVIRUS CONCERNS CONTINUE TO SPREAD, LEAVING GLOBAL MARKETS WANChina has returned from holiday with a more than 9% drop this morning on the Shanghai Composite, though other APAC markets are weathering the events with only slight losses on average. RTS futures fell 0.4% as of Friday night, while weekend quotes on the ruble are down 0.8% to USD/RUB 63.90. Aside from global concerns about the Wuhan coronavirus, there are several US political events and key data releases to monitor this week, and the Russian market will be watching Friday's CBR decision.STORIES> EM equities see first net weekly outflow since October> Severstal: 4Q19 results in line; quarterly dividend yield is 2.8%> Nornickel: 4Q19 production results beat guidance across the boardMMC Norilsk Nickel PJSC is a global producer of nickel, palladium, platinum and copper. Co. also produces by-products, such as cobalt, chromium, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and sulfur. Co. is involved in prospecting, exploration, extraction, refining and metallurgical processing of minerals, as well as in production, marketing and sale of base and precious metals. Co.'s production facilities are located in five countries: Russia, Australia, Botswana, Finland, and South Africa. Co.'s production units are integrated and include: the Polar Division (the Taimyr Peninsula); and the Kola Mining and Metallurgical Company (Kola MMC or the Kola Peninsula).
PAO Severstal is an integrated Iron & Steel works company with a range of products: hot and cold rolled steel, roll-formed shapes and pipes, rolled sections, a large group of coke products and by-products. Co. also has various social responsibilities such as the operation and maintenance of sports complexes, holiday and recreational facilities and public housing. Co.'s operations are organized along three principal divisions: Severstal Russian Steel engaged in crude steel production; Severstal Resources engaged in the production of iron ore concentrate, pellets and coking coal; and Severstal International engaged in the production of high-quality flat-rolled products.
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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