Research

Market Comment

Boosted by European markets, Ukrainian equities reached new highs on Wednesday, April 26. The WIG Ukraine Index of Warsaw-traded stocks gained 2.2%, extending its win streak to four sessions at a 2.2% rise. It was led by its biggest component, sugar maker Astarta (AST PW), which advanced 3.7% after reporting a surge in first-quarter sugar sales. It reached its highest price since October 2013. Farmer Agroton (AGT PW) surged 10.8% after reporting improved 2016 profit, reaching a four-year high. In London, iron ore miner and pellet maker Ferrexpo (FXPO LN) climbed 2.1%. The Ukrainian Exchange (UX) Index of Kyiv-traded stocks slid 2.4%, or 3.6% in two sessions.

Ukraine's currency, the hryvnia, appreciated on the interbank market by 0.2% vs. the U.S. dollar yesterday, gaining for the sixth session in a row. It traded at an average UAH 26.59/USD on the interbank, which is 2.3% stronger from the year's start and 4.1% higher from its mid-January low. The excess supply of foreign currency has prompted Ukraine’s central bank to intervene with purchases of USD 95 mln this week (and a total of USD 171 mln since the beginning of April).

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Upcoming Events

Apr 28 DTEKUA:  Conference call on 2016 results
Apr 29 AVINPU:  USD 5.3 mln cash coupon on 2018 Eurobond
Apr 30 MLK PW:  2016 annual report
May 11 AST PW:  1Q17 interim report
May 15 MLK PW:  1Q17 interim report
May 17 MHP:  1Q17 interim report
May 25 Economy:  NBU to consider revision of key rate
May 30 Kernel:  9MFY17 interim report
Jun 30 PUMBUZ:  USD 23.5 mln in coupon, amortization
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Daily News

UZ plans to spend UAH 120-150 bln for investments by 2021

Management of Ukrainian Railway approved a modernization strategy till 2021...

IMC net income doubles in 2016

Its net revenue decreased 11% and EBITDA slid 10% yoy in 2016 ...

Astarta sugar sales surge 2.2x yoy in 1Q17

The growth was driven by strong external demand and export ...

Agroton reports strong P&L, balance sheet in 2016

The company remained a generous lender to its shareholder ...

Centrenergo to pay UAH 0.52 in DPS

Centrenergo drafted more income and dividends before the AGM...

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Recent Reports

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Corporate Governance

IR-Online in Ukraine 2013 / In hopes of better weather / February 2014

Concorde Capital presents its second survey of information openness and invertor friendliness of webises of Ukrainian securities issuers «IR-Online in Ukraine – 2013». Despite the attitude of the global investment community to Ukraine have worsened noticeably, Ukrainain companies improved, on average, their IR practices. The upholding of quality standards by Ukrainian companies leaves the chance that our securities markets sooner or later will recover.

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