Report
Aleksey Ryabushko ...
  • Andrew Keeley
  • Andrey Kuznetsov
  • Cole Akeson
  • Fedor Kornachev
  • Kirill Rogachev

CIS Market Daily - 6 августа 2019

КОММЕНТАРИЙ И ПРОГНОЗ - НАЧАЛО ТОРГОВОЙ ВОЙНЫ СПРОВОЦИРОВАЛО ПАДЕНИЕ НА РЫНКАХВчера на рынках акций произошел обвал: MSCI ACWI снизился на 2,5%, что стало его самым существенным дневным падением с февраля 2018 года. Негативный настрой рынков был обусловлен эскалацией торговой войны между США и Китаем. Народный банк Китая впервые за более чем 10 лет допустил ослабление курса национальной валюты до уровней выше 7 юаней за доллар, а Минфин США впервые с 1994 года обвинил Китай в валютных манипуляциях. Российский рынок был устойчивее аналогов, т. к. стало ясно, что фактические санкции со стороны США имеют более ограниченный характер, чем предполагалось. Несмотря на то что сегодня утром китайский юань немного укрепился, динамика утренних индикаторов остается неоднозначной.НОВОСТИ> Прогноз результатов ВТБ за 2К19 и 1П19: сильный квартал> Прогноз результатов Юнипро за 2К19 по МСФО: хорошая динамика выработки и быстрый рост спотовых цен> Результаты ТГК-1 за 2К19 по МСФО: субсидии за теплоснабжение оказывают поддержку чистой прибыли
Underlyings
TGK-1

Territorial Generating Company - 1 is a producer of electricity and heat energy in the North-West region of Russia. Co. incorporates generating enterprises from the Baltic Sea to the Barents Sea. Generated electricity is delivered to the domestic wholesale market of electricity and capacity as well as exported to Finland and Norway. Co. is a strategic supplier of heat energy in Saint Petersburg, Petrozavodsk, Murmansk, Kirovsk in the Leningrad Oblast, and Apatity in the Murmansk Oblast.

Unipro

E.ON Russia is engaged in the wholesale electricity market, it produces and sells electric and heat power. As of Dec. 31, 2012, the structure of Co. includes five heat power plants with the total installed capacity of 10,345 MW/2,125.9 Gcal/h: Surgutskaya GRES-2 (Khanty-Mansi Autonomous Area, Tyumen Region), Berezovskaya GRES (Krasnoyarsk Territory), Shaturskaya GRES (Moscow Region), Smolenskaya GRES (Smolensk Region) and Yaivinskaya GRES (Perm Territory).

VTB Bank (GDR)

VTB Bank PJSC

Bank VTB PAO is a Russia-based bank engaged in the provision of financial services. The Bank reports five segments: Corporate-Investment banking includes operations with corporate customers that are large business customers and banking financial institutions, as well as operations on the securities market; Mid-Corporate banking covers operations with medium business corporate customers; Retail business includes operations with individuals and small business corporate customers, and offers operations on Internet and mobile Point-of-Sale acquiring, plastic cards, payroll services and financial consulting, among others; Treasury comprises operations to manage liquidity, operations on financial and interbank markets, cash flow management and debit financing operation; as well as Other business includes two business: Construction and development involves operations undertaken by Company in the construction and development industry, and Other activities represent non-banking business.

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
Aleksey Ryabushko

Andrew Keeley

Andrey Kuznetsov

Cole Akeson

Fedor Kornachev

Kirill Rogachev

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