Sberbank - SEGEZHA GROUP PJSC (SGZH) CIS Market Daily - 11 марта 2022

Report

Sberbank

Anton Chernyshev ...

Anton Stroutchenevski
Artem Vinogradov
Cole Akeson
Dmitry Troshin
Georgiy Ivanin
Research Team

CIS Market Daily - 11 марта 2022

КОММЕНТАРИЙ И ПРОГНОЗ - МОСКОВСКАЯ БИРЖА ЗАКРЫТА УЖЕ ДВЕ НЕДЕЛИ, А ПРАВИТЕЛЬСТВО РФ РАССМАТРИВАЕТ ВОПРОС НАЦИОНАЛИЗАЦИИ АКТИВОВМосковская биржа не проводит торги уже две недели. MSCI исключила Россию из расчета индекса MSCI EM, а ВТБ - из MSCI Russia.
НОВОСТИ> Планы правительства в отношении компаний, которые остановили производство в России> Положительное сальдо счета текущих операций по итогам 2М22 достигло $39,2 млрд> Цены на нефть снизились после выхода данных по инфляции в США> Россия запретила экспорт некоторых видов лесоматериалов в "недружественные страны"

11/03/2022 1 RU

Underlying

SEGEZHA GROUP PJSC

See profile

RU000A102XG9 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.

See profile

Analysts

Anton Chernyshev

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Dmitry Troshin

Georgiy Ivanin

Research Team

Other Reports on these Companies

Tellimer

Segezha Group: Reports solid 4Q21 results, indicates positive price and demand trends in 1Q22

Segezha Group (SGZH RX: U/R) reported 4Q21 revenue growth of 28% y/y (-6% q/q), while OIBDA declined by 10% y/y on one-off factors. Prices remained at record highs despite a seasonal cooling down of demand in the construction industry. In 1Q22, Segezha expects positive trends in market pricing driven by an increase in demand for sack paper, industrial packaging, sawn timber, plywood and glulam. In our view, Segezha’s business profile remains solid, as potential negative developments in Wester...

PREMIUM

March 31, 2022 March 31, 2022 1 EN

Sberbank

CIS Market Daily - March 11, 2022

MARKET COMMENT - MOSCOW MARKET CLOSED FOR TWO WEEKS WHILE GOVERNMENT MULLS ASSET SEIZURESMoscow trading has now been closed for an unprecedented two weeks. MSCI has removed Russia from the MSCI EM and VTB from the MSCI Russia, among other minor events. STORIES> MSCI to remove VTB, add other new restrictions> How the government plans to deal with companies halting production in Russia> Russia's current account surplus reaches $39.2 bln over 2m22> Russia bans exports of some raw wood materials and products to 'unfriendly' countries

March 11, 2022 March 11, 2022 1 EN

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...

March 24, 2022 March 24, 2022 1 EN

Andrew Keeley ... (+3)

Andrew Keeley
Arthur Cherkesov
Ekaterina Sidorova

Russian Banks - What We Know at This Stage

In this note, we sum up a few thoughts on the current situation for Russia's banks.> Immediate pressure weathered... Since the initial brief depositor panic in late February, deposit flows have stabilized and even turned into net inflows as banks have hiked short-term deposit rates to around 20%, in line with the key rate.> ... and the CBR has experience of crises. The CBR is well versed in supporting the banking system through crises and has already made important moves in providing liquidity and capital forbearance. The banking sector recapitalization that we saw in 2008-09 and 2014-15 is no...

March 24, 2022 March 24, 2022 1 EN

Anton Stroutchenevski ... (+6)

Anton Stroutchenevski
Artem Vinogradov
Cole Akeson
Dmitry Troshin
Georgiy Ivanin
Research Team

CIS Market Daily - March 24, 2022

MARKET COMMENT - TRADING TO RESUME FOR DOMESTIC INVESTORS AHEAD OF THE NATO-G7-DM SUMMIT AND NEW SANCTIONSEquity trading resumes today after a four-week suspension, but nonresidents and short-sellers will not yet be welcomed back. In focus will be the summit of NATO, the G7 and the rest of the developed world, which was called to discuss the evolving responses to Russia's so-called "special military operation" against Ukraine. STORIES> Equity trading to resume today - but not for nonresidents> "Unfriendly" countries to pay for Russian gas in rubles> Weekly inflation still elevated at 1.9%; inf...

March 24, 2022 March 24, 2022 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

CIS Market Daily - 11 марта 2022

Segezha Group: Reports solid 4Q21 results, indicates positive price and demand trends in 1Q22

CIS Market Daily - March 11, 2022

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

CIS Market Daily - March 24, 2022

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe