Report
Andrew Keeley ...
  • Kirill Rogachev

Московская биржа - Высокий комиссионный доход в 1К19 и очередное "разовое" отчисление в резервы

Сегодня Московская биржа опубликовала отчетность за 1К19 и в 16:00 мск проведет телефонную конференцию. В целом квартальные результаты оказались сильными в части комиссионного дохода и операционных расходов, однако негативным фактором стали дополнительные резервы, связанные с некорректно проведенными платежами (помимо резервных отчислений, связанных с пропажей зерна). Скорее всего, эти вопросы будут прокомментированы на сегодняшней телефонной конференции. Отдельно отметим, что вчера приступил к выполнению обязанностей новый председатель правления Московской биржи Юрий Денисов.
Underlying
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.

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

Kirill Rogachev

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