Weekly report November 20, 2016

20 November 2016

During last week Ukrainian public companies (such as MHP, Ovostar, IMC and others) reported their Q3 2016 financials, which, though, did not have much influence on their share prices. Financial results seem to be more important for understanding of general financial standing and strategic perspectives of companies.

Stocks

Largest Ukrainian companies share prices weekly dynamics
Company Currency Price Weekly change, % Monthly change, %
MHP USD 8.86 -2.1% -4.7%
Kernel PLN 60.23 0.0% 0.9%
Ferrexpo GBP 112.5 1.4% 15.1%
Astarta PLN 51.8 0.9% -3.4%
Ovostar PLN 88.5 -1.7% -1.7%
IMC PLN 7.10 -0.7% 5.8%

Volatility of Ukrainian companies share prices in Warsaw during last week has been low, resulted in stable WIG-Ukraine index at about 510. Kernel, after decline by 5% in the beginning of the week, returned to its previous level of about PLN 60 per share. Astarta share price demonstrated moderate increase, while Industrial Milk Company and Ovostar (which reported their Q3 financials during the week) declined.

In London Ferrexpo share price has not reacted to general iron ore prices correction and consolidated at about GBP 112 per share (which is close to price under which recently second largest shareholder of the company - Wigmore Street Investments Limited sold 10% of Ferrexpo shares to institutional investors). MHP, which also reported its Q3 2016 financials on last week, declined by 2% on Friday to the lowest level since July.

Commodities

After previous week rally sharp correction of iron ore took place in the beginning of new week. As a result during the week index dropped by more than 10% from USD 79/ton (the highest level for last two years) to slightly below USD 70/ton. January iron ore futures stay at USD 65.4/ton, March USD 62.4/ton. Steel prices in China have also stabilized after recent growth.

During last week world agri-commodities prices slightly increased, while in Ukrainian ports CPT wheat prices added USD 1-2/ton in the beginning of the week (and have been stable thereafter at USD 151-162 depending on quality), corn, on the other side, slided by USD 1-2/ton to USD 149-150/ton. Soybeans remain stable at USD 365-370/ton, sunflower oil spot price decreased from around USD 745/ton to USD 730-735/ton.

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MHP reports Q3 2016 financials
Industrial Milk Company reports Q3 2016 financials
Astarta reports financials for Q3 2016

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