Report
Andrew Keeley ...
  • Andrey Kuznetsov
  • Arthur Cherkesov
  • Cole Akeson
  • Research Team

CIS Market Daily - September 20, 2021

MARKET COMMENT - GLOBAL PULLBACK, RUSSIA TAX DEBATES CREATE UNEASY OUTLOOK TODAYMarkets were broadly down on Friday and continue to fall today. Concerns about the global economic recovery have continued to weigh on markets, especially pertaining to news flow from the Chinese real estate and materials sectors. Most global and Russia indicators are down this morning, while the Russian market is also taking in the news flow on the Duma and ongoing government tax and dividend debates. STORIES> EPFR: Flows to EM/FM equities decline, Russia lags peers> Oleg Tinkov settles US tax claims
Underlying
TCS Group Holding Plc Sponsored GDR Class A RegS

TCS Group Holding is a retail banking services group based in the Russian Federation. Co. is principally engaged in providing retail banking services in the Russian Federation through its subsidiaries, primarily Tinkoff Credit Systems. Co., through this subsidiary, fully licensed by the Central Bank of Russia and a member of the Deposit Insurance System, specializes in credit cards. Co. provides online retail financial services through a branchless operating platform. Co. also offers remote access to its financial products and services through its online banking as well as through mobile banking and high-volume call centers.

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
Andrew Keeley

Andrey Kuznetsov

Arthur Cherkesov

Cole Akeson

Research Team

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