Sberbank - Severstal (GDR) (SVST) ... CIS Market Daily - January 20, 2020

Report

Sberbank

Alexey Kirichok ...

Andrew Keeley
Andrey Kuznetsov
Andrey Krylov
Anton Stroutchenevski
Artem Vinogradov
Irina Lapshina
Kirill Rogachev
Mikhail Krasnoperov
Rodion Lomivorotov
Vladimir Lezhnev

CIS Market Daily - January 20, 2020

MARKET COMMENT - ANOTHER DAY OF RECORD HIGHSRussian equity indexes closed at new record highs on Friday. Optimism over the recently announced increase in social spending provided a boost to certain domestic names in particular. The US-China trade deal developments have improved risk appetite globally. STORIES> Russia's current account surplus stands at $70.6 bln in 2019> Severstal's 4Q19 trading update weak, but dividend should be resilient> Russian banks 2020 outlook: Some profound changes emerging> 4Q19 Sberbank CIB Ivanov Consumer Confidence Tracker to be released

20/01/2020 14 EN

Underlyings

Severstal (GDR)

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US8181503025 London Stock Exchange Russia

Severstal PAO

PAO Severstal is an integrated Iron & Steel works company with a range of products: hot and cold rolled steel, roll-formed shapes and pipes, rolled sections, a large group of coke products and by-products. Co. also has various social responsibilities such as the operation and maintenance of sports complexes, holiday and recreational facilities and public housing. Co.'s operations are organized along three principal divisions: Severstal Russian Steel engaged in crude steel production; Severstal Resources engaged in the production of iron ore concentrate, pellets and coking coal; and Severstal International engaged in the production of high-quality flat-rolled products.

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RU0009046510 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

Alexey Kirichok

Andrew Keeley

Andrey Kuznetsov

Andrey Krylov

Anton Stroutchenevski

Artem Vinogradov

Irina Lapshina

Kirill Rogachev

Mikhail Krasnoperov

Rodion Lomivorotov

Vladimir Lezhnev

Other Reports on these Companies

EQS Group AG

PAO Severstal: ANNOUNCEMENT OF CONSENT SOLICITATION RESULTS

PAO Severstal (SVST) PAO Severstal: ANNOUNCEMENT OF CONSENT SOLICITATION RESULTS 03-Nov-2022 / 18:00 MSK Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT. THIS ANNOUNCEMENT IS IMPORTANT AND REQUIRES IMMEDIATE ATTENTION OF HOLDERS. IF HOLDERS ARE IN ANY DOUBT AS TO THE ...

November 3, 2022 November 3, 2022 1 EN

EQS Group AG

PAO Severstal: The forced conversion of GDRs has been prolonged in the Russian Federation

PAO Severstal (SVST) PAO Severstal: The forced conversion of GDRs has been prolonged in the Russian Federation 17-Oct-2022 / 16:30 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. The forced conversion of GDRs has been prolonged in the Russian Federation PAO Severstal (MOEX: CHMF) (“Severstal”) informs that the deadline for applying for forced conversion of Severstal's Global Depositary Receipts (GDRs) have been extended until November 10, 2022 inclusive. The deadline was extended to ...

October 17, 2022 October 17, 2022 1 EN

EQS Group AG

PAO Severstal: IMPORTANT NOTICE TO NOTEHOLDERS

PAO Severstal (SVST) PAO Severstal: IMPORTANT NOTICE TO NOTEHOLDERS 12-Oct-2022 / 17:00 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT. THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF HOLDERS. IF HOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD IMMEDIATELY CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISE...

October 12, 2022 October 12, 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

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CIS Market Daily - January 20, 2020

PAO Severstal: ANNOUNCEMENT OF CONSENT SOLICITATION RESULTS

PAO Severstal: The forced conversion of GDRs has been prolonged in the Russian Federation

PAO Severstal: IMPORTANT NOTICE TO NOTEHOLDERS

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

CIS Market Daily - March 24, 2022

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