Report
Aleksey Ryabushko ...
  • Andrew Keeley
  • Andrey Kuznetsov
  • Cole Akeson
  • Fedor Kornachev
  • Kirill Rogachev
  • Mikhail Krasnoperov
  • Yuri Popov

CIS Market Daily - July 30, 2019

MARKET COMMENT - RUSSIA OUTPERFORMS, BOJ HOLDS, AND US-CHINA RESUME TALKSThe RTS edged up 0.4% to 1,354 yesterday, albeit on very light volumes after a string of heavy days. Russia was in the top quarter of EMs. Markets elsewhere saw some consolidation, the MSCI EM edging down 0.3% and the MSCI World (DM) declining 0.1%. Indicators look more constructive today, with APAC markets up 0.3-0.8% and S&P 500 and RTS futures up 0.1-0.2%. At the top of the agenda today are the resumption of US-China trade talks and a heavy day for US data, including API oil inventories.STORIES> Four members of Congress call for DETER and CBW sanctions> Federal Reserve Preview: Fed to cut in July and September> TBC Bank reports mixed 2Q19 results, announces share buyback> O'Key 2Q trading update: Adjusted net retail revenues up 6.1% y-o-y> Enel Russia 2Q19 IFRS preview
Underlyings
Enel Russia

PJSC Enel Russia is a wholesale generation company in Russia. Co.'s main areas of operation are production of power and heat, supply (sale) of power and heat, receipt (purchase) of power and heat from the wholesale power (capacity) market. Co. is active in four production branches around Russia: in the Ural region - Reftinskaya GRES, Sredneuralskaya GRES, in the northern Caucasus - Nevinnomysskaya GRES, and in Central Russia - Konakovskaya GRES. Co.'s aggregate installed capacity is 9,677 MW for power and 2,382 GCal/h for heat. Co. provides power and heat to both industrial enterprises and household consumers via local power distribution networks.

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.

TBC Bank Group

TBC Bank Group is a holding company. Through JSC TBC Bank and its subsidiaries, Co. is engaged in universal banking operations that include corporate, small and medium enterprises, retail and micro operations within Georgia.

TBC Bank Joint Stock Co

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
Aleksey Ryabushko

Andrew Keeley

Andrey Kuznetsov

Cole Akeson

Fedor Kornachev

Kirill Rogachev

Mikhail Krasnoperov

Yuri Popov

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