GEMs Equity Strategy:The case for Russian equities
类型：投资策略 机构：香港上海汇丰银行有限公司 研究员：香港上海汇丰研究所 日期：2017-08-10
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Russian equities’ disconnect from oil price behaviour is likelyto be temporary
Market impact of new US sanctions is already discounted, inour view
If oil prices rise to USD65/bbl (HSBC 2018 forecast), Russianequities could potentially see c25% upside even withsanctions remaining in place
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