Research Reports

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

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

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

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

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

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

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

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

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

Yesterday’s announcement by Avangard Chairman Oleg Bakhmatiuk that he will merge the company with his UkrLandFarming agricultural holding presents an ...> read more