Ukrainian stocks rose along with global equities on Thursday (WIG-Ukraine +0.9%, UX +2.7%) after the US Federal Reserve pledged to keep interest rates low through 2014. Virtually all Ukrainian names moved higher on the day on improved volumes. LSE-listed Ferrexpo (FXPO LN) +6.4% was the best performer. Also surging in London were Regal Petroleum (RPT LN) +3.6% and Cadogan Petroleum (CAD LN) +2.3%. In Warsaw, the biggest advancers were consumer/agro names Milkiland (MLK PW) +3.6%, KSG Agro (KSG PW) +2.4%, and Agroton (AGT PW) +2.3%. MHP (MHPC LI) was one of the few to decline, moving 2.3% lower. It was a particularly strong day on the UX, with most blue chips rising 2.0-8.0%, and all but one not finishing in the black.
Current events
27.01.2012
Ukraine, IMF pledge to continue
Deputy Prime Minister Sergiy Tigipko said Ukraine would continue negotiations with the International Monetary Fund on restarting the country’s USD 15.5 bln standby loan program in 2-3 weeks.
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27.01.2012
Kernel gets USD 100 mln in debt to pay for BSI
Kernel (KER PW) signed a medium-term loan agreement for USD 100 mln with two unnamed European banks, the company reported on Thursday.
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27.01.2012
Stakhaniv Wagon raises sales 1.2x in 2011
Stakhaniv Wagon (SVGZ UK) increased its revenue 20% yoy to UAH 3.5 bln in 2011 (USD 550 mln), based on preliminary results published yesterday.
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27.01.2012
Ukrzaliznytsya asks Kryukiv Wagon for 10 intercity trains
Ukrzaliznytsya signed a letter of intent with Kryukiv Wagon (KVBZ UK) to order a pilot batch of 90 passenger railcars for 10 intercity trains following testing, the railway operator announced yesterday via Interfax.
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26.01.2012
MHP to increase chicken sales 3-4% in 2012
MHP (MHPC LI) plans to raise its volume of chicken meat sold by 2.6-3.9% yoy to 390-395 kt in 2012, the company said in a press release yesterday.
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26.01.2012
Kernel closes Black Sea Industries acquisition
Kernel (KER PW) executed its call option to acquire 100% of Black Sea Industries, a sunflower oilseed crushing plant located in Ukraine, for an EV of USD 140 mln.
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26.01.2012
Ukreximbank reports neutral 2011 results
Ukreximbank (EXIMUK) reported tiny net income of USD 4 mln for 4Q11 and USD 11 mln for 2011, according to results released yesterday.
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25.01.2012
State budget allocates USD 43 mln for An-70
Ukraine’s 2012 state budget set aside USD 43 mln (UAH 347 mln) to fund development of the An-70, a four-engine medium range military transport aircraft jointly produced by Russia and Ukraine, a Ukrainian defense ministry official said yesterday (via Interfax).
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25.01.2012
Dniproenergo raises 2011 bottom line 1.5x yoy
Dniproenergo (DNEN UK) increased its net income 51% yoy in 2011 to UAH 286 mln (USD 36 mln), Interfax reported yesterday.
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24.01.2012
Landkom EGM approves merger with Alpcot
Landkom (LKI LN) shareholders voted in favor of a share conversion with Alpcot Agro (ALPA SS) at an EGM yesterday, the company reported.
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Ukrainian stocks rose along with global equities on Thursday (WIG-Ukraine +0.9%, UX +2.7%) after the US Federal Reserve pledged to keep interest rates low through 2014. Virtually all Ukrainian names moved higher on the day on improved volumes. LSE-listed Ferrexpo (FXPO LN) +6.4% was the best performer. Also surging in London were Regal Petroleum (RPT LN) +3.6% and Cadogan Petroleum (CAD LN) +2.3%. 
