Research Reports

  • 12.22.11 Electricity Generation and Distribution

    According to Ukraine’s National Energy Strategy, DonbasEnergo’s two thermal power plants are slated for a complete overhaul during the next decade. We...> read more

  • 12.01.11 Metals and Mining

    Eavex Fixed Income Research: Research Report for Metinvest (METINV)...> read more

  • 11.17.11 Machinery

    Motor Sich recently signed five-year contracts confirming orders from Russia’s state-owned “Russian Helicopters” for 1,300 helicopter engines, as well...> read more

  • 11.17.11 Agriculture

    Milkiland’s 3Q11 financials offer a pair of positive developments. First, the company’s revenue in the cheese & butter segment rebounded by 26% QoQ in...> read more

  • 11.11.11 Agriculture

    Astarta’s 9M11 results are the latest indication of how oversold the market has become in many top-tier Ukrainian names. The company recorded an outst...> read more

  • 11.11.11 Chemicals

    A new deal between the Ukrainian and Russian governments on a revised import gas pricing formula for Ukraine should be a strong trigger for Stirol’s s...> read more

  • 10.31.11 Metals and Mining

    After suffering a 77% YtD drop, Yenakievo Steel’s share price surged 19.6% on Oct. 27 (compared to the UX index’s rise of 8.6% on that day). We partly...> read more

  • 10.26.11 Electricity Generation and Distribution

    CentrEnergo released its 3Q11 financials on Tuesday (Oct 25) after the close of trading. According to the report, the company’s net profit for the qua...> read more

  • 10.25.11 Financials

    First Ukraine International Bank (FUIB) released its 9M11 UAS financials on Friday (Oct 21). This is the first time which FUIB has reported its consol...> read more

  • 10.21.11 Electricity Generation and Distribution

    CentrEnergo’s financial results for 3Q11 are expected to be released next week. We forecast that the company will report a seasonally-unadjusted 8% Qo...> read more