Report
Anton Stroutchenevski ...
  • Artem Vinogradov
  • Cole Akeson
  • Ekaterina Usanova
  • Maria Martynova
  • Mikhail Krasnoperov
  • Research Team
  • Sergey Donskoy

CIS Market Daily - January 31, 2022

MARKET COMMENT - FOURTH STRAIGHT DAY OF GAINS FOR RUSSIA AND A POSITIVE GLOBAL OUTLOOKAlthough markets were weaker earlier in the day on Friday (e.g. MSCI EM -0.1%), a solid rally in the US (S&P 500 +2.4%) led by growth stocks has fueled a positive global outlook this morning. Russia assets point higher, while news on international relations has been mixed. STORIES> Media: News on US, EU, UK sanctions packages likely this week> Russia Economic Monthly: Excellent macro performance, but geopolitical risks too high> NLMK 4Q21 IFRS preview> O'Key 4Q21 trading update: Top-line growth accelerates to 10.4% y-o-y
Underlyings
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.

O Key Group

O'key Group is a Russian retailer. Co.'s principal business activity is operation of retail chain in Russia under brand name O'KEY. Co. provides customers with fresh produce (fresh foods and delicatessen products) and non-food goods (cosmetics, clothing, shoes, household cleaning products, domestic appliances, toys, sports and fitness products, etc.). Co.'s stores follow two formats: hypermarkets and supermarkets. Co. manages approximately 71 stores (42 hypermarkets and 29 supermarkets) across North Western, Southern, Central, Urals and Siberian regions.

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
Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Ekaterina Usanova

Maria Martynova

Mikhail Krasnoperov

Research Team

Sergey Donskoy

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