Research Reports

  • 10.18.11 Metals and Mining

    We are re-initiating our coverage of Yasynivsky Coke with a BUY rating, with trading in the YASK stock having resumed yesterday. However, we lower our...> read more

  • 10.18.11 Metals and Mining

    Metinvest: Cash, Cash, and More Cash. Metinvest unveiled impressive first-half results this morning: its top line rose by 72% YoY to USD 7bn, net prof...> read more

  • 10.17.11 Metals and Mining

    Pokrovske Mine: Welcome Back, Guys! We are re-initiating our coverage of Pokrovske Mine with a BUY rating, with trading in the SHCHZ stock expected to...> read more

  • 10.13.11 Macroeconomics

    We maintain our view that the escalation of the Tymoshenko situation is a reflection of the highly diverse players and objectives within Ukraine gener...> read more

  • 10.06.11 Metals and Mining

    We are revising our target prices for companies in our M&M universe to reflect expected stagnation in output over 4Q11 and 2012, weakness in prices fo...> read more

  • 10.04.11 Fixed Income

    PrivatBank’s debt instruments currently trade with yield-to-maturity ranging from 12.7% (maturity in 2016) to 17.1% (maturity in February 2012). We ...> read more

  • 09.30.11 Electricity Generation and Distribution

    DTEK has reported solid financial results for 1H11, with the private energy holding’s revenue jumping 74% YoY to USD 2.3bn, EBITDA up 92% YoY to USD 6...> read more

  • 09.29.11 Oil and Gas

    Regal Petroleum posted a USD 11.6mn operating loss in 1H11, a result which was expected given that the company was unable to extract any gas in the re...> read more

  • 09.29.11 Financials

    Following a meeting with the management of First Ukraine International Bank (FUIB), we continue to believe that the Eurobonds of this institution offe...> read more

  • 09.20.11 EAVEX Weekly

    The UX index’s result for yesterday was a loss of 1.2% even though during a rather volatile session the index stayed into a positive territory for a s...> read more