Report
Andrey Kuznetsov ...
  • Andrey Gromadin
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Research Team

CIS Market Daily - August 16, 2021

MARKET COMMENT - BEARISH CHINA, OIL HEADLINES AHEAD OF RESULTS, MERKEL VISITMajor DM and non-APAC EM indexes ground 0.2-0.7% higher, though APAC EMs declined 0.8%. The RTS gained 0.1% to remain around 1,666. Energy was among the weakest performers in Russia and abroad, and Brent ($69.50/bbl) declined further since Friday night. Bearish China headlines have also weighed on global markets this morning. STORIES> EM/FM equities rebound with inflow, Russia among laggards> Russian GDP rIses by 10.3% y-o-y in 2Q21> Rosneft posts solid recovery in earnings and FCF in 2Q21> Rosneft 2Q21 conference call highlights> Inflation in Ukraine climbs to 10.2% y-o-y in July
Underlyings
Rosneft Oil Co.

OJSC OC Rosneft is a vertically-integrated Russian oil and gas company with upstream and downstream operations in each of Russia's oil-producing regions. Headquartered in Moscow, Co. operates ten oil and gas producing enterprises across Russia and is involved in over ten exploration projects. In addition to its upstream operations, Co. also owns two refineries, which have a combined capacity of 10 million tons per year, as well as four main oil export terminals and a nationwide network of over 600 service stations. Co.'s downstream operations consist of its crude oil export structure, refining operations and nationwide network of marketing subsidiaries.

Rosneft Oil Co. Sponsored GDR RegS

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

Andrey Gromadin

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Research Team

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