Report
Alexander Kudrin ...
  • Andrew Keeley
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Elena Tsareva
  • Irina Lapshina
  • Rodion Lomivorotov
  • Sergei Konygin

CIS Market Daily - April 17, 2018

MARKET COMMENT - SINKING INDEX, SOARING FUTURES AS US DECLINES TO ANNOUNCE NEW SANCTIONSRussia well underperformed yesterday (RTS -1.8%) after a remark from US Ambassador to the UN Nikki Haley that new sanctions would be announced on Monday. Later on, sources within the US administration told reporters that Haley had been discussing a proposal that had not been approved. RTS futures and the ruble are signaling a strong open this morning.STORIES> Russian industrial output grows 1.0% y-o-y in March, 1.9% in 1Q18> Kazakh National Bank cuts base rate by 25 bps> Kazakh industrial output slows to 4.7% in March> Severstal: 1Q18 dividend of R38.32 per share, improved dividend policy> Polymetal: Prognoz stake purchase complete, license swap announced> VTB confirms almost tripling common DPS
Underlyings
Polymetal International Plc

Polymetal International is the ultimate parent entity of Polymetal Group, a precious metals mining group operating in Russia, Kazakhstan and Armenia. Co. has five reportable segments: Magadan; Ural; Khabarovsk; Kazakhstan; and Armenia. Each segment is engaged in gold, silver or copper mining and related activities, including exploration, extraction, processing and reclamation.

Severstal (GDR)

Severstal PAO

PAO Severstal is an integrated Iron & Steel works company with a range of products: hot and cold rolled steel, roll-formed shapes and pipes, rolled sections, a large group of coke products and by-products. Co. also has various social responsibilities such as the operation and maintenance of sports complexes, holiday and recreational facilities and public housing. Co.'s operations are organized along three principal divisions: Severstal Russian Steel engaged in crude steel production; Severstal Resources engaged in the production of iron ore concentrate, pellets and coking coal; and Severstal International engaged in the production of high-quality flat-rolled products.

VTB Bank (GDR)

VTB Bank PJSC

Bank VTB PAO is a Russia-based bank engaged in the provision of financial services. The Bank reports five segments: Corporate-Investment banking includes operations with corporate customers that are large business customers and banking financial institutions, as well as operations on the securities market; Mid-Corporate banking covers operations with medium business corporate customers; Retail business includes operations with individuals and small business corporate customers, and offers operations on Internet and mobile Point-of-Sale acquiring, plastic cards, payroll services and financial consulting, among others; Treasury comprises operations to manage liquidity, operations on financial and interbank markets, cash flow management and debit financing operation; as well as Other business includes two business: Construction and development involves operations undertaken by Company in the construction and development industry, and Other activities represent non-banking business.

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
Alexander Kudrin

Andrew Keeley

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Elena Tsareva

Irina Lapshina

Rodion Lomivorotov

Sergei Konygin

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  • Research Team
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