Report
Andrew Keeley ...
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Arthur Cherkesov
  • Cole Akeson
  • Ekaterina Sidorova
  • Fedor Kornachev
  • Georgiy Ivanin
  • Research Team

CIS Market Daily - October 12, 2021

MARKET COMMENT - CLIMBING COMMODITIES LEAVE INDEXES UNSTEADY, RUSSIA RESILIENTIndexes trended flat to higher early in the day, but a fresh round of worries about inflation and growth unsteadied the US session. That combined with local regulatory news has left APAC indexes weak this morning, and overall the picture looks unfavorable for risk assets early today, with key futures and indexes down 0.5-1.6%. Meanwhile, Russia was resilient yesterday with a 1.2% gain on the RTS to 1,882, though slight declines in futures and the ruble suggest profit taking early this morning.STORIES> Russia's current account posts $40.8 bln surplus in 3Q21> Novatek accumulates inventories of both natural gas and liquids in 3Q21> Tinkoff Bank awarded formal D-SIB status> Sistema to sell stake in Segezha Group> PIK Group's 3Q21 trading update shows Q-o-Q drop in average selling price> Ukraine's 2Q21 GDP growth revised upward to 5.7% y-o-y> Inflation in Ukraine jumps to 11.0% y-o-y in September
Underlyings
NOVATEK JSC

Novatek is an independent gas producer and natural gas producer in Russia. Co. is engaged in the exploration, production, and processing of natural gas and liquid hydrocarbons. Co.'s upstream activities are concentrated in the Yamal-Nenets region, which is a natural gas producing area and accounts for a significant part of Russia's natural gas production. Co.'s three core fields are located in the regions of Yurkharovskoye, East Tarkosalinskoye and Khancheyskoye. Co. maintains natural gas reserves of approximately 1,144 bcm. Co.'s total net proved reserves totals around 8,088 million barrels of oil equivalent (boe).

NOVATEK JSC Sponsored GDR RegS

PIK Group

PIK Group GDR

Sistema PJSFC

Sistema is a telecommunications and technology investment group based in Russia. Co. invests in, and manages a range of companies which operate in the telecommunications, oil and energy, high technology, banking and other sectors. The main focus of Co.'s activities is service-based industries. Co.'s operations are organized along four segments: Telecommunications, Technology and Industry, Consumer Assets and Oil and Energy. Through its subsidiaries, Co.'s activities include: wireless telecommunications services , IT and systems integration, cable TV, manufacturing of radiotechnical equipment, oil, gas and energy production, banking activities, trading and investing and financing activities.

Sistema PJSFC Sponsored GDR RegS

TCS Group Holding Plc Sponsored GDR Class A RegS

TCS Group Holding is a retail banking services group based in the Russian Federation. Co. is principally engaged in providing retail banking services in the Russian Federation through its subsidiaries, primarily Tinkoff Credit Systems. Co., through this subsidiary, fully licensed by the Central Bank of Russia and a member of the Deposit Insurance System, specializes in credit cards. Co. provides online retail financial services through a branchless operating platform. Co. also offers remote access to its financial products and services through its online banking as well as through mobile banking and high-volume call centers.

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

Andrey Gromadin

Anton Stroutchenevski

Artem Vinogradov

Arthur Cherkesov

Cole Akeson

Ekaterina Sidorova

Fedor Kornachev

Georgiy Ivanin

Research Team

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