Weekly report October 14, 2016

15 October 2016

Stocks

Largest Ukrainian companies share prices weekly dynamics
Company Currency Price Weekly change, % Price, USD Weekly change, %
MHP USD 9.3 2.2% 9.3 2.2%
Kernel PLN 59.7 0.0% 15.23 -2.3%
Ferrexpo GBP 97.75 20.7% 118.13 17.5%
Astarta PLN 53.62 1.2% 13.68 -1.2%
Ovostar PLN 90.01 -2.2% 22.96 -4.5%
IMC PLN 6.71 -0.3% 1.71 -2.8%

Ferrexpo became the winner of the weak among largest Ukrainian public companies. Share price of Ukrainian pellets producer surged by 20% in GBP terms, as in a view of stable operations and favorable market conditions (please see below), investors become more positive on future prospects of the company.

WIG-Ukraine index (index of Ukrainian companies traded on WSE) remained almost unchanged vs. previous weak close at 513.9, as shares of two companies, which account for 80% of index value in equal shares (Kernel and Astarta) showed low volatility and finished the week without much change. In general value of WIG-Ukraine index is close to 52-week highs of 530 shown in the beginning of August.

Commodities

Local prices on main agri-commodities in Ukraine remained relatively flat during last weak with slight growth for wheat and decline for corn (current CPT corn price at about USD 143-145 per 1 ton). Sunflower oil CPT price is at about USD 740-745/t, soybeans USD 365/t.

Iron ore benchmark index (62% Fe CFR China) remained in USD 55-58 per 1 ton range, while pellet premiums in China continued their growth (at the moment at about USD 40/t, according to our estimations growth of premiums was related to surging coal prices in China), which is highly favorable for Ferrexpo.

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Ukrainian sugar market digest

Company Price, USD Market Cap Change,%
MHP
Kernel
Ferrexpo
Astarta
Ovostar

Type Price Weekly change,% Annual change,%
Corn CBOT
Wheat CBOT
Iron Ore
Crude Oil

Currency Rate Weekly change,% Annual change,%
USD/UAH
EUR/USD
USD/RUR