EAVEX Weekly
UkrNafta (UNAF) fell 8.0% to UAH 276 despite bright expectations for the company’s 2Q profit. We forecast that UkrNafta will post UAH 600mn in net profit for 2Q21, implying an EPS of UAH 11 for the quarter. In contrast, we project that Raiffeisen Bank Aval (BAVL) will report an unimpressive net profit for 2Q with an EPS of 1.1 kopecks. The BAVL stock dropped by 4.2% last week to close at 43.10 kopecks. The situation around CentrEnergo (CEEN) remains completely unclear. On the one hand, the company got the boost in February when new management was appointed. On the other hand, pricing for thermal electricity has been highly volatile in the recent months, making any predictions regarding CentrEnergo’s financial results merely speculative. The company has openly complained that electricity traders are violating the contracts concluded on the Energy Exchange. Moreover, CentrEnergo said that it is having trouble securing enough coal in storage for the next winter season. The CEEN stock was
