Research Reports

We expect Pivnichny GOK and Centralny GOK to soon report solid FY11 net profits of UAH 6.2bn and UAH 2.6bn, respectively. We presume that both compani...> read more

Ovostar operates a highly profitable business model featuring strong egg branding, which we believe can be maintained in the medium term. The company ...> read more

We expect Ukraine’s Hryvnia to repeat its stable performance of 2011 in the coming year, trading within a narrow range of 7.95 to 8.15 against the dol...> read more

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

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

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

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

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

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

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