Sberbank - Rosseti (MRKH) ... CIS Market Daily - July 13, 2018

Report

Sberbank

Aleksey Ryabushko ...

Andrey Kuznetsov
Anton Stroutchenevski
Artem Vinogradov
Cole Akeson
Fedor Kornachev
Rodion Lomivorotov
Sergei Konygin

CIS Market Daily - July 13, 2018

MARKET COMMENTThe RTS dipped 0.7% to 1,178 yesterday, while the MSCI EM and DM gained 0.5-0.6% apiece. Russia underperformed on the back of the circa 7% fall in major oil benchmarks on Wednesday. Global market sentiment improved as US-China trade rhetoric turned more positive, if hardly concrete. The RTS looks set for a slight gain on the open today.

13/07/2018 14 EN

Underlyings

Rosseti

PJSC 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.

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RU000A0JPVJ0 Moscow Exchange MICEX-RTS Russia

Rosseti

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RU000A0JPVK8 Moscow Exchange MICEX-RTS Russia

Provider

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.

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Analysts

Aleksey Ryabushko

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Fedor Kornachev

Rodion Lomivorotov

Sergei Konygin

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MARKET COMMENT - TRADING SLOWS DOWN AHEAD OF HOLIDAYThe Russian market closed in the red yesterday with the RTS Index down 0.9%. European spot gas prices have dropped 23% during the last two trading sessions to below $1,500/mcm. STORIES> US holds consultations on Russia's security proposals> Annual Putin press conference: Economy, pandemic, geopolitics> Government to allow regions to set differentiated electricity tariffs for households

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Russian Consumer - Unemployment and Income: The Outlook for 2022

In its modern history, Russia has not suffered any major spikes in joblessness. Its unemployment rate has ranged from between 4.8% and 8.3% since 2005 (versus 3.6-9.9% in the US for the same period). However, considering the sectors currently affected and companies scaling down operations in Russia, we see 1.1 mln out of the total 71 mln jobs at risk. But because this comes amid a labor shortage, which emerged in late 2021, companies are aiming to hold on to personnel, while the government is announcing extra social support measures. In a conservative scenario, the unemployment rate could go u...

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CIS Market Daily - July 13, 2018

CIS Market Daily - January 24, 2022

CIS Market Daily - 24 января 2022

CIS Market Daily - December 24, 2021

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Commodities Daily - March 24, 2022

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