Avesta Investment Group - Uzbekistan

2021-05-19 12:04:20 Massive work on harmonization and introduction of international technical regalements and requirements are necessary to simplify and standardize export processes in different areas of business. President instructed Government to cancel 11 thousand (!) of old local standards with adoption of international standards instead.

https://www.gazeta.uz/ru/2021/05/18/standarts/ Open / Comment

2021-05-19 10:04:10 Uzbekistan GTL plant is almost launched - JSC Uzbekneftegaz published video overview of the 3.5 bcm of natural gas capacity complex.

https://rublog.ung.uz/GTLloyiha Open / Comment

2021-05-18 15:04:08 Fitch affirmed JSCB Microcreditbank (MCBA) with BB- rating with Stable outlook.

https://www.fitchratings.com/research/banks/fitch-affirms-microcreditbank-at-bb-outlook-stable-17-05-2021 Open / Comment

2021-05-18 14:04:10 Fitch affirmed NBU with BB- rating with Stable outlook.

https://www.fitchratings.com/research/banks/fitch-affirms-national-bank-of-uzbekistan-at-bb-outlook-stable-17-05-2021 Open / Comment

2021-05-18 13:03:30 JSCB "Asaka Bank" (ex.ASBU) announced non-audited results of 1Q21 by National Accounting Standards:
* Total assets increased by 29.9% YoY and reached 47.7 trillion UZS;
* Total liabilities rose by 35% and equaled 41.2 trillion UZS;
* Equity increased by 4.7% up to 6.5 trillion UZS;
* Net interest income increased by 28.7% up to 249 billion UZS, but sufficient reservation lead to net loss after reservation at 382.6 billion UZS;
* Net fee and commission income decreased by 29.7% and amounted 585.2 billion UZS;
* Net profit increased by 1.4% and reached 74 billion UZS;
* Estimated P/B ratio at the level of 139.01 UZS per share - 0.87;
* Estimated P/E ratio at the level of 139.01 UZS per share - 14.13. Open / Comment

2021-05-18 10:00:00 JSCB "Mikrokreditbank" (MCBA) announced announced the results of 1Q2021:
* Total assets increased 1.7 times YoY and reached 10.65 trillion UZS;
* Total equity is by 13.3% higher or at 1.77 trillion UZS;
* Total liabilities equaled 8.87 trillion UZS or by 1.8 higher;
* Net interest income increased 1.7 times and reached 144.4 billion UZS, but sufficient reservation lead to net loss after reservation at 148.3 billion UZS;
* Net fee and commission income increased 5.2 times and amounted 251 billion UZS;
* Net profit reached 8 billion UZS;
* Estimated P/B ratio at the level of 1,068 UZS per share - 0.93;
* Estimated P/E ratio at the level of 1,068 UZS per share - 9.03. Open / Comment

2021-05-18 08:02:34 Prospects of PPP development in Uzbekistan.

https://blogs.adb.org/blog/uzbekistan-public-private-partnerships-are-engine-driving-infrastructure-development Open / Comment

2021-05-17 16:04:28 Uzbekistan imported gasoline for more than $66 million in January-April 2021.

https://menafn.com/1102084557/Uzbekistan-imported-more-than-200-million-liters-of-gasoline-in-Jan-Apr-2021 Open / Comment

2021-05-17 15:04:28 Great Game 3.0 in Central Asia: development opportunities for region by Macro-Advisory.

https://www.intellinews.com/macro-advisory-the-five-stans-back-in-the-game-210473/ Open / Comment

2021-05-17 14:03:24 Overview of planned privatization and capital market development measures by AFC Uzbekistan Fund.

https://www.intellinews.com/afc-capital-uzbekistan-s-capital-markets-development-agency-restructured-as-privatisation-looms-210452/?source=uzbekistan Open / Comment