What investors should watch out for this week

The coming week will be full of events both trivial for the Russian market (disclosure of financial statements, decision to pay dividends) and unusual ones, for example, a decision to redomiciliate (re-register a company in another jurisdiction).

On Monday, August 14, the boards of directors of Tatneft and the alcohol company Beluga Group will consider the payment of dividends, Roman Vatutin, investment adviser at Otkritie Investments, said.

On August 15, the largest food retailer in the country, X5 Group, will disclose financial results for the second quarter and the first half of 2023, said Natalya Malykh, head of the Finam shares analysis department. She recalled that the company had already reported an increase in revenue in the second quarter of 2023 by almost 20% year-on-year, to 770.7 billion rubles, due to increased sales and an increase in retail space.

The next day, August 16, the shareholders of Globaltrans, one of the largest railway freight carriers in the Russian Federation, will consider the issue of redomiciliating the company from Cyprus to Abu Dhabi, said Daniil Bolotskikh, an analyst at Tsifra Broker. On Friday, August 11, the board of directors of VK made a similar decision, approving the re-registration in Russia and the initial listing on the Moscow Exchange. On this news, the cost of the company’s receipts jumped by almost 3%.