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

CIS Market Daily - October 27, 2021

MARKET COMMENT - MOST INDICATORS LEANING LOWER AMID LACK OF CLEAR GLOBAL CATALYSTS, CHINA CONCERNSGlobal markets were mixed yesterday on a background of few material catalysts to define the narrative. The MSCI EM edged down 0.1%. The RTS fell 0.2% to 1,916, as the sectors heavily weighted in Russia were on the weaker side globally. Today, global indicators are widely mixed as investors search for a clear story and as Chinese internet and real estate news flow leans toward the cautious side. Russia will be busy with results, corporate events and macro releases.STORIES> Sber CIB trade ideas update> Rosneft flags potential increase in reserve base at Vankor hub> X5 posts record gross margin in 3Q21; store visits impress
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

X5 Retail Group N.V. Sponsored GDR RegS

X5 Retail Group is a holding company. The main activity of Co. is the development and operation of grocery retail stores. Co. operates a retail chain of soft-discount, supermarket and hypermarket stores under the brand names "Pyaterochka", "Perekrestok" and "Karusel" in major population centres in Russia, including but not limited to Moscow, St. Petersburg, Nizhniy Novgorod, Rostov-on-Don, Kazan, Samara, Lipetsk, Chelyabinsk, Perm, Ekaterinburg and Kiev, Ukraine.

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

Cole Akeson

Lyudmila Melnikova

Mikhail Krasnoperov

Research Team

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