reports
- Anastasia Khakhaeva
- Andrew Keeley
- Arthur Cherkesov
- Fedor Kornachev
- Georgiy Ivanin
- Igor Vasilyev
- Mikhail Krasnoperov
Потребительский индекс Иванова. Ноябрь 2021 - Ускорение инфляции не по...
Мы продолжаем изучать динамику и структуру расходов и сбережений Ивановых, а также их восприятие экономической ситуации, чтобы прогнозировать перспективы развития различных секторов российской экономики и отдельных компаний. В этом выпуске мы также анализируем конкуренцию между российскими публичными продуктовыми розничными сетями. Выводы по итогам нашего исследования изложены ниже.> Опросы для данного обзора проводились с 3 по 20 сентября, когда число инфицированных коронавирусом в России продо...
AFLT AEROFLOT RUSSIAN AIRLINES
MGNT MAGNIT PJSC
PJP X5 RETAIL GROUP N.V. SPONSORED GDR REGS
MAIL MAIL.RU GROUP LTD. SPONSORED GDR
PIKK PIK GROUP
2ET ETALON GROUP (GDR)
LSRG LSR GROUP
5M71 MAGNIT PJSC SPONSORED GDR REGS
3LSA LSR GROUP (GDR)
PIK GROUP GDR
DSKY DETSKY MIR
OZON OZON HOLDINGS
FIXP FIX PRICE GROUP
- Andrew Keeley
- Andrey Gromadin
- Andrey Kuznetsov
- Anton Stroutchenevski
- Artem Vinogradov
- Arthur Cherkesov
- Cole Akeson
- Fedor Kornachev
- Georgiy Ivanin
- Lyudmila Melnikova
- Mikhail Krasnoperov
- Research Team
CIS Market Daily - October 28, 2021
MARKET COMMENT - INFLATION CONCERNS WEIGH ON STOCKS, COMMODITIESThe MSCI ACWI fell 0.5% as tailwinds from earnings coverage faded and markets returned to concerns about global growth and inflation. Cyclical sectors were under particular pressure, and this was reflected in a 1.3% fall for the RTS to 1,891. Today's APAC session is seeing a continuing decline in stocks and commodities, while a heavy results calendar, the ECB decision and Moscow's "non-working" period are in focus today.STORIES> Ind...
PJP X5 RETAIL GROUP N.V. SPONSORED GDR REGS
G23A GLOBALTRANS INVESTMENT PLC SPONSORED GDR REGS
GAZP NOVATEK JSC
TCS GAZPROM PJSC
NVTK TCS GROUP HOLDING PLC SPONSORED GDR CLASS A REGS
VTBR NOVATEK JSC SPONSORED GDR REGS
OGZD VTB BANK PJSC
ENPL VTB BANK (GDR)
ENPG GAZPROM (GDR)
FIXP EN+ GROUP INTERNATIONAL PUBLIC JOINT-STOCK COMPANY
EN+
FIX PRICE GROUP
- Anastasia Khakhaeva
- Andrey Kuznetsov
- Cole Akeson
- Fedor Kornachev
- Lyudmila Melnikova
- Mikhail Krasnoperov
- Research Team
CIS Market Daily - August 13, 2021
MARKET COMMENT - SOFT MORNING INDICATORS AHEAD OF RESULTS, GDP RELEASE TODAYMarkets were mixed, the MSCI ACWI gaining 0.1%. Russia was among the best performers, the RTS climbing 0.6% to 1,666, with particular gains in consumer and energy. Global catalysts remain absent this morning, and most indicators point slightly down. Company results and Russian GDP are among today's obvious events to watch. STORIES> MTS 2Q21 IFRS preview> QIWI 2Q21 IFRS preview> Fix Price 1H21 IFRS review: EBITDA 3% above...
- Andrey Kuznetsov
- Cole Akeson
MSCI Russia - Looking Beyond Tonight's Quarterly Rebalancing
MSCI will release the results of the August quarterly rebalancing after markets close tonight. The rebalancing comes into effect after markets close on Tuesday, August 31. We expect MSCI to use a market cap threshold of $4.3-4.5 bln for Russia. This implies no companies enter or exit the MSCI Russia Standard Index, and we do not anticipate other material changes to the index at this time. Meanwhile, in this note we look ahead to some potential changes for November and beyond. The scenarios are s...
- Anastasia Khakhaeva
- Andrey Gromadin
- Andrey Kuznetsov
- Anna Kotelnikova
- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Fedor Kornachev
- Lyudmila Melnikova
- Mikhail Krasnoperov
- Research Team
CIS Market Daily - July 30, 2021
MARKET COMMENT - OUTLOOK WEAK AFTER CHINESE TECH, DM CYCLICALS CHARGED HIGHER YESTERDAYChina and DM cyclicals drove a rebound yesterday, the MSCI ACWI gaining 0.8%. The RTS gained 1.4% to 1,639. However, renewed weakness in China on global and regional concerns about the tech sector has set up a weak outlook this morning, and both global and Russia indicators are leaning lower. STORIES> SberCIB Trade Ideas> EM/FM inflow accelerates to $3.8 bln, Russia outflow at $44 mln> Russia's reserves: Scop...
- Anastasia Khakhaeva
- Andrey Gromadin
- Andrey Kuznetsov
- Anna Kotelnikova
- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Fedor Kornachev
- Lyudmila Melnikova
- Mikhail Krasnoperov
- Research Team
CIS Market Daily - 30 июля 2021
КОММЕНТАРИЙ И ПРОГНОЗ - НАСТРОЙ ПЕССИМИСТИЧНЫЙ ПОСЛЕ ВЧЕРАШНЕГО РОСТА АКЦИЙ ВЫСОКОТЕХНОЛОГИЧНЫХ КОМПАНИЙ В КИТАЕ И ЦИКЛИЧЕСКИХ СЕКТОРОВ НА РАЗВИТЫХ РЫНКАХВчера росли акции высокотехнологичных компаний в Китае и циклические сектора на развитых рынках, индекс MSCI ACWI прибавил 0,8%. Индекс РТС поднялся на 1,4% до 1 639 пунктов. НОВОСТИ> Российские резервы: насколько оправдано их дальнейшее наращивание?> Итоги телефонной конференции НОВАТЭКа, посвященной результатам за 2К21> Результаты Mail.ru Gr...
- Anastasia Khakhaeva
- Andrew Keeley
- Fedor Kornachev
- Igor Vasilyev
- Lyudmila Melnikova
- Mikhail Krasnoperov
SberCIB Ivanov Consumer Confidence Tracker. July 2021 - More Optimisti...
We continue to track the Ivanovs' savings and spending patterns, as well as their perceptions, to get an idea of how entire sectors and individual companies are performing and might perform in the future. We also look at competition among public retailers. The main conclusions from our most recent survey are as follows:> Consumer confidence improved to -17% in 2Q21 from -19% in 1Q21. The fieldwork for this survey took place mainly over June, when Covid cases were on the rise but were not critica...
QIWI QIWI PLC SPONSORED ADR CLASS B
OKEY O KEY GROUP
AFLT AEROFLOT RUSSIAN AIRLINES
MGNT MAGNIT PJSC
LNTA LENTA INTERNATIONAL PJSC
PJP X5 RETAIL GROUP N.V. SPONSORED GDR REGS
MAIL MAIL.RU GROUP LTD. SPONSORED GDR
MVID M VIDEO
2ET ETALON GROUP (GDR)
LSRG LSR GROUP
5M71 MAGNIT PJSC SPONSORED GDR REGS
3LSA LSR GROUP (GDR)
DSKY DETSKY MIR
OZON OZON HOLDINGS
FIXP FIX PRICE GROUP
- Lyudmila Melnikova
- Mikhail Krasnoperov
Fix Price - Очень сильные экономические показатели в сегменте магазино...
Fix Price - единственная в России крупная сеть магазинов с фиксированными ценами, которая не имеет аналогов по таким параметрам, как потенциал расширения, рост сопоставимых продаж и доходу на вложенный капитал (ROIC). По нашему мнению, у Fix Price есть возможность вдвое увеличить количество своих магазинов в России, однако в долгосрочной перспективе мы закладываем в модель расширение сети всего на 63%, полагая, что ритейлер будет поддерживать высокие экономические показатели. Мы прогнозируем, чт...
- Anastasia Khakhaeva
- Andrey Kuznetsov
- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Lyudmila Melnikova
- Mikhail Krasnoperov
- Research Team
- Rodion Lomivorotov
- Svetlana Sukhanova
CIS Market Daily - 11 мая 2021
КОММЕНТАРИЙ И ПРОГНОЗ - ОПЕРЕЖАЮЩАЯ ДИНАМИКА В ПЕРИОД ПРАЗДНИКОВ; В ЦЕНТРЕ ВНИМАНИЯ ПОЛИТИКА И МАКРОСТАТИСТИКАВ период майских праздников российский рынок показывал хорошую динамику, индексы РТС и MSCI Russia выросли на 5,8-5,9%, тогда как MSCI EM отступил на 0,1%, а MSCI World повысился на 0,8%. Политические новости были скорее негативными, но они не оказали сильного влияния на рынок. НОВОСТИ> MSCI Russia: прогноз майской ребалансировки> Недельная инфляция в России осталась на уровне 0,2%> Поме...
- Anastasia Khakhaeva
- Andrey Kuznetsov
- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Lyudmila Melnikova
- Mikhail Krasnoperov
- Research Team
- Rodion Lomivorotov
- Svetlana Sukhanova
CIS Market Daily - May 11, 2021
MARKET COMMENT - HOLIDAY OUTPERFORMANCE; POLITICAL AND GLOBAL MACRO HEADLINES IN FOCUSThe Russian market fared well over the May holidays, the RTS and MSCI Russia gaining 5.8-5.9% versus a 0.1% drop for the MSCI EM and 0.8% rise for the MSCI World (DM). Political news has leaned toward the negative, although its significance has been debatable.STORIES> MSCI Russia May 2021 rebalancing preview> Inflation eases to 5.5% y-o-y in April> Weekly inflation stays at 0.2%> Rostelecom 1Q21 IFRS preview> F...
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