Avesta Investment Group - Uzbekistan

2021-05-07 14:04:22 JSCB "Aloqabank" (ALKB) announced the results of 1Q2021 by NAS:
* Total assets grew by 17.3% y-o-y and reached 8.51 trillion UZS;
* Total liabilities increased by 18.6% and reached 6.89 trillion UZS;
* Equity rose to 1.62 trillion UZS, or by 11.9%;
* Net interest income increased by 17% up to 99.3 billion UZS;
* Net fee and commission income rose by 54.4% and reached 57.2 billion UZS;
* Net profit increased by 9.3% and equaled to 51.7 billion UZS;
* Estimated P/B ratio at the level of 90 UZS per share - 0.71;
* Estimated P/E ratio at the level of 90 UZS per share - 3.48. Open / Comment

2021-05-07 13:03:13 The government has established Uzbekgeologorazvedka JSC, by consolidating several enterprises, to service exploration under the state programs for the development and expansion of the country’s mineral resources.

https://www.jdsupra.com/legalnews/uzbekistan-launches-program-to-attract-2326009/ Open / Comment

2021-05-07 12:03:15 JSCB Trustbank (TRSB), the first private bank to be providing Islamic banking services in Uzbekistan, has selected ICS BANKS Islamic Banking software solutions.

https://www.finextra.com/pressarticle/87488/uzbekistans-trustbanks-picks-icsfs-for-islamic-banking-launch Open / Comment

2021-05-07 08:03:29 Tashkent Stock Exchange announced that trading with JSC Chilonzor Buyum Savdo Kompleksi (CBSK) shares to be paused from 7th to 13th of May due to share-split procedure at 1:10 ratio.

https://www.uzse.uz/boards/2662 Open / Comment

2021-05-06 13:04:08 JSC Kvarts (KVTS) published another photo-report about finalization of construction process of new production line. Another 1-2 month could be spend on testing and launching process.

https://kvarts.uz/yy76tr/ Open / Comment

2021-05-06 07:02:14 According to announcement of Tashkent Stock Exchange trading with JSC Toshkentvino kombinati (TKVK) shares resuming from today with adjustment of quotes in accordance with 1:10 split (bonus shares issue) procedure. Open / Comment

2021-05-05 14:13:37 Mr.Toshpulatov Sobirjon Usmonovich purchased 753,360 ordinary share or 44.14% of equity of JSC UzSalaman (UZSL).

https://www.uzse.uz/interactive_services/270 Open / Comment

2021-05-05 13:04:04 Construction materials import in 2020 year reached $1 billion despite the sufficient resource base and potential of local production. To support local business, government expect additional measures, including $300 million credit lines to construction materials producers from JSCB UzPSB (SQBN), mostly financed by $200 million budget assignments. Bank will also provide additional consulting services through it's branch network in regions.

https://www.gazeta.uz/ru/2021/05/03/specialization/ Open / Comment

2021-05-05 12:03:27 Our comments to monthly trades at Tashkent Stock Exchange. Open / Comment