Report
Andrey Kuznetsov ...
  • Cole Akeson
  • Fedor Kornachev
  • Lyudmila Melnikova
  • Mikhail Krasnoperov
  • Research Team

CIS Market Daily - September 15, 2021

MARKET COMMENT - MIXED US CPI INTERPRETATIONS, CHINA CONCERNS AS RTS NEAR DECADE HIGHMost markets saw declines (MSCI ACWI -0.3%) as ambiguous read-throughs for US CPI and record highs for many indexes gave investors excuses to fix profits. Russia was an exception, the RTS edging up 0.2% to 1,754.6, 0.2 points below a ten-year record. Weaker than expected Chinese macro data and negative but hardly material US-China headlines have given additional reasons for caution this morning. Nearer to our markets, a European Parliament debate on Russia policy, weekly US oil data and a Moscow Exchange conference call will likely be in focus. STORIES> Moscow approves more favorable carsharing regulation> Rusagro capital markets day: Updated expansion targets, minimum payout ratio increased
Underlyings
Ros Agro PLC

Ros Agro, through its subsidiaries, is engaged in agricultural production, cultivation of pigs, processing of raw sugar and production of sugar from sugarbeet, vegetable oil production and processing. Co. and its subsidiaries are organised on the basis of four segments: Sugar, which is engaged in the production and trading operation with white sugar; Meat, which is engaged in the cultivation of pigs and selling of consumable livestock to third parties; Other agriculture, which is engaged in the cultivation of plant crops and dairy cattle livestock; as well as Oil, which is engaged in vegetable oil extraction, production and sales of mayonnaise, consumer margarine, and bottled vegetable oil.

Yandex NV Class A

Yandex is an internet and technology company that operates an internet search engine in Russia. Co. builds intelligent products and services powered by machine learning. Co.'s products and services are based on complex, unique technologies that are not easily replicated. Co. generates substantially all of its revenues from online advertising. Co. also generates revenues from its e-commerce offerings, classifieds and e-hailing service. Co.'s businesses are organized in the following operating segments: Search and Portal; E-commerce; Taxi; Classifieds and Experimental businesses.

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
Andrey Kuznetsov

Cole Akeson

Fedor Kornachev

Lyudmila Melnikova

Mikhail Krasnoperov

Research Team

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