- Dmitry Troshin
- Ekaterina Usanova
- Georgiy Ivanin
- Mikhail Krasnoperov
- Research Team
CIS Market Daily - January 24, 2022
MARKET COMMENT - RATES, SOFT EARNINGS LEAN ON GLOBAL STOCKS, GEOPOLITICS ON RUSSIAGlobal markets were under broad pressure, the MSCI ACWI falling 1.7% with growth stocks particularly out of favor. Rates and inflation concerns have been joined by earnings disappointments in the early US reporting season to lean on stocks. The RTS fell 3.4% to 1,402, the weakest result among liquid EMs. News on geopolitics and international relations is likely to remain the core focus for the Russian market this week, while Wednesday's Fed decision is the key event to watch for global news flow.STORIES> Russia-US proposals, Duma DNR/LNR review, more to watch this week> X5 Group's top-line growth accelerates to 14.9% y-o-y in 4Q21> Government approves inclusion of dividend component in Rosseti subsidiaries' tariffsPJSC Rosseti is a holding company based in Russia. Co. is engaged in the management of companies that operate in the energy sector. Co.'s core business is the management of electric grid subsidiaries for the purpose of pursuing a common policy in the field of electric grid services, specifically in the area of innovations, energy conservation and energy efficiency, development and implementation of a common strategy for developing the distribution electric grid sector of the Russian Federation. Co.'s other services comprise property management, consulting, securities operations, scientific research and construction and transport and expedition.
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.
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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