CIS Market Daily - November 11, 2021
MARKET COMMENT - RISING US, CHINESE INFLATION HIT RISK SENTIMENT, BUT TODAY'S OUTLOOK IS MORE AMBIGUOUSA mixed session turned more cautious after US CPI numbers came in higher than expected. These combined with the day's earlier, high Chinese numbers to stir up investors' inflation concerns. The RTS finished down 0.6% at 1,854, a result in line with peers'. Positive and negative political headlines were prominent but not market-moving. This morning, the global backdrop is mixed, but the Russian market looks poised to decline early on due to the drop in oil prices and weak risk appetites.STORIES> MSCI Russia: November 2021 rebalancing preview> Weekly inflation in Russia slows to 0.1%> TGK-1 posts weak 3Q21 results, as expected> OGK-2 3Q21 IFRS preview: We expect another strong quarter> Inflation in Ukraine stabilizes at 10.9% y-o-y in OctoberOGK-2 JSC is primarily engaged in the generation and sale of electric and heat power. Co. consists of the following power stations (plants): Troitskaya GRES, Stavropolskaya GRES, Pskovskaya GRES, Serovskaya GRES, Surgutskaya GRES-1, Kirishkaya GRES, Ryazanskaya GRES, Novochercasskaya GRES, Krasnoyarskaya GRES-2, and Cherepovetskaya GRES.
Territorial Generating Company - 1 is a producer of electricity and heat energy in the North-West region of Russia. Co. incorporates generating enterprises from the Baltic Sea to the Barents Sea. Generated electricity is delivered to the domestic wholesale market of electricity and capacity as well as exported to Finland and Norway. Co. is a strategic supplier of heat energy in Saint Petersburg, Petrozavodsk, Murmansk, Kirovsk in the Leningrad Oblast, and Apatity in the Murmansk Oblast.
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.
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