Concorde Capital

Thursday's Market Comment

Despite a bounce in the developed markets, the PFTS continued sinking deeper, closing at 543 points and losing another 4.77%, bringing its YTD losses to 53.69%. Trading was relatively light with USD 7.2 mln in turnover. Mostobud (MTBD: BUY) rose 10.64%, one of the few stocks to close in the black. Yasynuvatsky Machinery (YAMZ: BUY) slid 20.00%, Enakievo Steel (ENMZ: BUY) lost another 10.06%. Despite fundamental value offered by most PFTS stocks right now, selling pressure continues. As of 11:30 Kyiv time today, 0% of shares were up and 65% of shares were down.

Current events


28.08.2008	Ferrexpo announces its 1H08 results
	Ferrexpo plc (FXPO LN: HOLD) yesterday announced its financial and production results for 1H08. more

28.08.2008	UkrAvto plans to raise car sales to 250-270 ths units in 2008
	Yesterday UkrAvto (AVTO: SELL) Vice President Vyacheslav Povroznik announced plans to lift car sales to 250-270 ths units in 2008, ~20% higher than in 2007. more

28.08.2008	Dakor to complete 2nd grain silo by September
	Dakor (DAKOR: BUY) said yesterday it plans to complete building its second 50 ths mt capacity grain silo in Dubno (Rivne region) by September. more

28.08.2008	Kovelmoloko OKs 15.2x charter fund increase via share issue
	At their AGM yesterday, Kovelmoloko (KMOL: BUY) shareholders voted to increase the company’s charter fund by 15.2x to USD 58.6 mln via an additional share issue. more

27.08.2008	Beer output grows 7.5% yoy in 7M08
	Ukrainian breweries increased beer output by 7.5% yoy to 204 mln dal in 7M08. In yoy terms, beer production continued to decline for the second month in a row, having posted a 2% drop in July. more

27.08.2008	Slavutych Brewery EGM to consider 14.8% charter fund increase
	At their EGM on October 10, Slavutych Brewery (SLAV: BUY) shareholders will consider increasing the company’s charter fund by 14.8% to USD 202 mln via an additional share issue. more

27.08.2008	Kovelmoloko to increase its market share to 5% in 2008
	According to Interfax, Kovelmoloko (KMOL: BUY) said it plans to grow its share of the dairy product market from 3.4% in 2007 to 5% in 2008. more

27.08.2008	Mriya Agroholding increases land bank to 120 ths ha
	Mriya Agroholding (MAYA GR: N/R) announced yesterday it increased its leased land area by 18 ths ha to 120 ths ha. more

27.08.2008	Stirol redeems USD 125 mln Eurobonds
	According to Stirol (STIR: N/R), on August 18 it redeemed its three-year USD 125 mln Eurobonds that it placed in July 2005. more

26.08.2008	Agriculture Ministry upgrades 2008 grain harvest forecast to 48.7 mln mt
	Yuri Melnik, head of Ukraine’s Agriculture Ministry announced on Saturday that the ministry upgraded its forecast for the 2008 grain harvest from 43 mln mt to 48.7 mln mt. more

27.08.08	Close	1 day, %	52 wk, %
UA CIU	138.39	-2.28	-100.00
PFTS	543.63	-4.77	-45.24
UAH/USD	4.85	0.1	-4.0
UAH/EUR	7.07	-1.4	2.6
UKR$ 6.58% 11/16	91.44	-0.2	-7.1

USD / EUR / UAHMarketClose
27.08.08	Bid	Ask	1 day, %	52 wk, %
Premiere League
AZST	3.09	3.13	-5.3	-32.1
BAVL	0.605	0.625	-2.6	-43.5
CEEN	11.91	12.20	-5.5	-42.7
DNEN	1410.0	1500.0	-11.8	-22.1
MMKI	2.60	2.80	-5.3	-54.3
NITR	10.50	12.00	-6.2	-94.4
PGOK	40.00	43.00	-7.3	-43.0
UNAF	145.0	150.0	-6.9	-63.2
USCB	0.611	0.630	-4.2	-59.6
UTEL	0.557	0.578	-3.4	-42.5
ZAEN	343.1	353.9	-3.6	-35.2
2nd Tier
ALKZ	0.560	0.70	-18.7	0.0
ALMK	0.321	0.328	-4.5	19.0
AVDK	17.00	17.43	-6.8	31.1
AVTO	216.0	242.0	-11.9	-43.6
AZGM	22.00	23.98	-0.5	-27.4
DNON	310.0	400.0	0.0	-61.5
DNSS	2010.0	2450.0	-7.1	-31.0
DOEN	52.00	57.50	-2.7	-61.7
DTRZ	220.0	350.0	-5.0	-61.7
ENMZ	163.2	164.9	-10.2	-38.9
FORM	12.50	13.40	1.8	-68.2
HAON	3.80	5.60	-1.1	-46.9
HRTR	1.93	1.95	5.0	-40.2
KIEN	23.50	24.50	-4.0	-12.2
KREN	4.77	5.40	0.2	-47.2
KSTL	10.00	18.50	0.0	25.8
KVBZ	20.21	20.50	-7.7	-16.1
LTPL	4.62	4.62	-1.6	-15.3
LUAZ	0.436	0.460	-13.8	-42.2
MEGA	1.01	1.55	-6.9	-73.3
MSICH	451.2	461.0	-2.9	-61.9
MTBD	1300.0	1340.0	4.8	-13.3
MZVM	48.50	51.00	-8.5	-33.8
PGZK	8.25	8.75	2.2	184.5
RODB	3000.0	3100.0	5.2	-64.6
SHCHZ	5.90	6.40	-6.5	64.0
SHKD	6.65	8.64	1.3	85.3
STIR	73.00	75.00	-1.0	-2.5
SUNI	0.310	0.379	-3.0	-49.0
SVGZ	11.80	12.20	-9.3	-84.5
YASK	3.37	3.38	-4.7	-11.2

Broad Market
AZOT	10.00	13.80	1.3	40.0
BKOK	0.355	0.790	0.0	0.0
BXRK		3500.0	0.0	195.0
CGOK	4.00	5.00	-5.3	20.0
CHEN	3.10	6.50	0.0	-23.2
CHEON	3.10	5.00	0.0	-54.0
CHIM	0.343	0.60	0.0	-40.8
CHVK	0.750	1.40	0.0	43.3
DAKOR	125.0	145.0	0.0	36.7
DGRM	0.70	1.50	-8.3	-27.8
DKOK	0.10	0.450	0.0	-38.3
DMKD	0.90	1.25	-8.5	-37.5
DMPO	30.00	450.0	0.0	-61.3
DMPZ	0.040	0.0650	-12.5	-67.6
DMZK	1.15	1.80	-1.7	-54.3
DMZP	0.80	1.00	-4.5	-33.1
DNAZ	0.0040	0.0450	0.0	0.0
DNSH	41.00	67.00	0.0	-26.0
DNVM	25.00	55.00	0.0	77.4
DOMZ	0.160	0.175	-22.3	-69.0
DOON	13.65	21.25	0.0	13.5
DRMZ	3.01	4.00	0.0	100.8
DSTR	200.0	600.0	0.0	-27.3
DZVM	14.00	36.00	0.0	108.3
ENMA	1.09	1.25	-2.5	6.8
ENUG	70.00	100.0	-16.7	0.0
FARM	216.0	245.0	0.0	110.5
FKTB	0.80	10.00	0.0	8.5
FLOT	10.50	20.00	-1.6	-73.5
GALTN	8.00	11.50	0.0	34.5
GLNG	0.060	0.140	-4.8	21.2
GSKZ	4.50	7.50	0.0	-14.3
HANZ	0.335	1.30	0.9	83.7
HARP	6.00	28.00	0.0	83.8
HEMO	3.00	11.00	0.0	12.0
HGAZ	300.0	370.0	0.0	249.0
HLPR	0.0150	0.0350	-33.3	-47.4
HMBZ	0.650	1.00	-12.7	-32.4
HMON	2.25	8.90	0.0	-31.3
HNPK	0.20	1.50	0.0	-71.9
HOEN	3.20	9.00	0.0	63.8
HTZD	4.50	15.00	-2.5	20.4
KFTP	8.00	30.00	-1.3	-74.8
KIGA	1.30	2.55	0.0	-40.8
KION	3.50	11.00	0.0	45.0
KKOL	18.00	40.00	0.0	16.0
KMED	80.00	195.0	3.8	-65.4
KMOL	0.650	1.25	15.2	-64.2
KNST	40.00	77.00	0.0	0.0
KPME	32.00	40.00	0.0	-11.1
KRAZ	0.510	0.650	-4.6	-28.2
KSOD	2.80	3.00	0.0	16.5
KVIN	528.6	557.8	0.0	1.5
LVON	4.20	5.00	-3.7	-54.6
MGZC	0.808	2.70	-4.2	133.9
MZKK	1.50	2.00	1.2	-50.0
NADR	100.0	260.0	0.0	-25.8
NAFP	10.00	32.00	0.0	-20.8
NFER	5.00	7.80	-7.2	0.2
NORD	122.0	160.0	0.0	-9.0
NVTR	6.00	8.00	-0.7	-93.4
OCAB		4.90	0.0	-68.1
ONPZ	0.550	1.55	-4.5	20.0
POON	3.80	7.90	0.0	-34.8
PREN	3.00	7.00	0.0	-35.5
PTMZ	0.50	1.25	0.0	75.0
PTRZ	150.0	190.0	0.0	-15.8
SCPL	0.210	0.70	0.0	-24.2
SFER	0.0710	0.090	-5.3	133.3
SGOK	5.00	6.00	-12.0	8.9
SHMK	110.0	350.0	0.0	-22.7
SILUR	0.020	0.060	0.0	6.7
SKUN	3.00	12.80	-11.2	1.6
SLAV	1.95	2.30	-15.8	-56.4
SMASH	21.21	24.00	-2.8	-34.7
SMEN	15.00	24.00	-2.5	76.9
SNEM	1.60	1.95	0.0	-16.7
SORN	40.00	46.00	9.6	68.6
SSOL	9.00	13.00	-3.9	63.0
SUBA	1.70	2.80	0.0	150.0
SZLV	0.270	0.350	-9.5	-18.4
TATM	2.80	3.00	-9.4	-21.3
TOEN	2.00	10.00	-4.0	-43.4
UGRA	1.40	4.00	0.0	-36.5
UGZB	3.00	3.35	-3.8	-59.0
UKIB	0.0260	0.0390	0.0	-16.7
UROS	5.50	11.00	6.5	-25.2
VIEN	250.0	420.0	0.0	2.9
VINIP	380.0	450.0	0.0	6.4
VKDV	1.60		0.0	-9.9
VOEN	1.11	1.50	-7.1	8.8
YAMZ	4.00	10.00	-9.7	-45.0
ZABR	4.00	6.00	0.0	-25.7
ZACO	1.50	6.00	-6.2	-45.3
ZALK	0.460	0.750	-4.0	-67.5
ZAON	10.00	13.00	0.0	-37.3
ZATR	1.51	3.00	-4.0	32.6
ZFER	2.38	2.49	-0.2	323.5
ZHEN	3.90	5.25	-1.1	-25.0
ZHMZ	6.10	7.90	-6.7	-30.0
ZPVT	5.10	10.15	-36.5	-41.1