Report
Andrew Keeley ...
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Arthur Cherkesov
  • Cole Akeson
  • Fedor Kornachev
  • Igor Vasilyev
  • Lyudmila Melnikova
  • Mikhail Krasnoperov
  • Research Team
  • Sergey Donskoy

CIS Market Daily - November 1, 2021

MARKET COMMENT - CONSTRUCTIVE GLOBAL BACKDROP, UKRAINE WORRIES IN FOCUS BEFORE FEDMost markets saw declines on Friday, the MSCI ACWI edging down 0.2%. A better US session with index gains of 0.2-0.3%, a mixed but mostly positive APAC session, and higher EMEA and US futures are more bullish for global markets this morning. However, the ruble has slipped above USD/RUB 71 since Friday night, and tensions regarding Ukraine may hold back some investors.STORIES> Ukraine, international relations return as concerns> EPFR: APAC funds suck up all EM flows; Russia a slight outperformer> Basic sector output data shows economic growth slowed in 3Q21> Path to net zero: Russia and the path to COP26> US and EU sign pact on steel> Moscow Exchange reports 3Q21 IFRS results> Rostelecom 3Q21 IFRS preview: We expect y-o-y growth to slow> Sber CIB Ivanov Consumer Confidence Tracker> OR Group trading results: Revenues down 9.5% y-o-y in 9m21
Underlyings
Moscow Exchange MICEX-RTS PJSC

Moskovskaya Birzha MMVB-RTS PAO. Moskovskaya Birzha MMVB-RTS PAO (MMVB-RTS OAO) is a Russia-based integrated stock exchange that provides electronic trade organization, clearing and settlements on trades, depository and information services. The Company provides trading and settlement services in such segments of the financial market as foreign exchange (FX) market, federal bonds market, market of derivative financial instruments, cash equities market, corporate and regional fixed income market, commodities market, as well as market for state and municipal orders. The Company was established as a result of the merger between MMVB ZAO and RTS OAO. It operates through six branches and three representative offices. As of February 27, 2013, the Company's major shareholder was the Central bank of the Russian Federation with a stake of 22.47%. In January 24, 2014, the Company sold its whole stake in MMVB-IT ZAO.

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.

Rostelecom (PREF A)

Rostelecom PJSC

Rostelecom PJSC provides communication services (including local, intra-zone, long-distance domestic and international fixed-line telephone services, mobile services), data transmission, Internet, Pay TV, VPN and data centers services, rent of communication channels and radio communication services in the territory of Russian Federation. Co. operates the main intercity network and the international telecommunications gateways of the Russian Federation, carrying voice and data traffic that originates in its own network and other national and international operators' networks to other national and international operators for termination.

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
Andrew Keeley

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Arthur Cherkesov

Cole Akeson

Fedor Kornachev

Igor Vasilyev

Lyudmila Melnikova

Mikhail Krasnoperov

Research Team

Sergey Donskoy

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