Alfa
Alfa

Alfa

Coverage: Russia
Alfa distributes industry-leading, independent research produced by the Alfa Bank research team, specialising in Russia and the CIS countries. It is prominent in the Russian Equity and Fixed Income markets, including in the DR and Eurobond markets.
Location: Moscow

Latest articles from Alfa

Novolipetsk Steel: 4Q21 trading update: steel output growth boosted sales – NEUTRAL-TO-POSITIVE

NLMK (NLMK: LI; E/W) concluded 2021 on a positive note delivering 4.5 mn t of crude steel (+16% q/q), which translated into an 8% q/q steel product sales increase in 4Q21. Meanwhile, NLMK increased its’ home markets sales. The traditional 1-3 months ...
Alfa Boris
Boris Krasnozhenov @ Alfa 20 January 2022
Flash Report / Russia

The court freezes RUB22bn of assets of Rusagro and its shareholders – NEGATIVE

Vedomosti reports citing an official filing that the Arbitration Court of the Saratov Region imposed interim measures freezing RUB21.9bn of cash, tangible and intangible assets of Rusagro’s (AGRO LI: O/W, TP $16.9) major shareholder Vadim Moshkovich ...
Alfa Anna
Anna Kurbatova @ Alfa 20 January 2022

Russia opinion page: Flow-driven market selloff rather than view-driven

The Russian equity market lost 7% yesterday and is down by 11% YTD despite the oil price approaching $90/bbl. The move is due to: (1) the strong geopolitical tensions which emerged last week following the publication of new sanctions proposals by the...
Alfa Natalia
Natalia Orlova @ Alfa 20 January 2022

Alfa Morning Bulletin: 20 January 2022

Russian equities rally: Russian stock rebounded strongly yesterday led by cyclicals – RTSI +3.5% @ 1,414) and IMOEX (+3.2% @ 3,436) – finally reacting to oil prices at seven-year highs (Brent +1.1% @ 88.44). The ruble also advanced (+1.0% @ 76.21). F...
Alfa Alfa Equity
Alfa Equity Team @ Alfa 20 January 2022

Alfa Morning Bulletin: 19 January 2022

Soaring Sovereign bond yields across the curve sent stocks tumbling lower: A jump in Treasury yields as investors price in Fed rate hikes as early as March triggered a selloff of global equities, especially emerging market stocks, which are more vuln...
Alfa Alfa Equity
Alfa Equity Team @ Alfa 19 January 2022

Alfa Fixed Income Weekly: Volatile start to the year

Since the start of the year the Russian bond market has been under selling pressure, as the talks between Russia, the US and NATO concluded in stalemate and provoked an exit from ruble assets – the “SELL” button appeared for almost all Russian assets...
Alfa Elizaveta
Elizaveta Naumova @ Alfa 18 January 2022