Avesta Investment Group - Uzbekistan

2021-05-05 12:03:27 TOP-10 by turnover in April 2021 at Tashkent Stock Exchange. Open / Comment

2021-05-05 10:02:37 bne IntelliNews: Uzbekistan’s stock market coming to life

https://online.flipbuilder.com/myab/wjtr/mobile/index.html Open / Comment

2021-05-05 09:04:18 ACWA Power initiating 1,5GW capacity wind-power station construction in Karakalpakstan in addition to two projects in Bukhara and Navoi for 1GW and 1.5GW gas-turbine power station in Sirdarya.

https://www.spot.uz/ru/2021/05/04/acwa/ Open / Comment

2021-05-05 08:02:26 JSC "Alskom" (ALSM) announced the results of 1Q2021:
* Total assets grew by 9.1% y-o-y and reached 26.2 billion UZS;
* Total equity rose to 44.7 billion UZS, or by 20.2%;
* Total liabilities decreased by 16.6% to 1.16 billion UZS;
* Insurance reserves increased by 4.8% and reached 66.7 billion UZS;
* Revenues decreased by 20.3% and amounted to 8.4 billion UZS;
* EBIT has been negative since 2016 and in 1Q21 amounted to -1.53 billion UZS;
* Net profit decreased by 13.5% and amounted to 414 million UZS;
* Estimated P/B ratio at 1,400 UZS per share - 0.57;
* Estimated P/E ratio at 1,400 UZS per share - 183.81. Open / Comment

2021-05-04 16:03:25 Eriell launched seven new wells in Bukhara, Qashqadarya and Karakalpakstan.

https://www.gazeta.uz/ru/2021/05/04/eriell-group/ Open / Comment

2021-05-04 15:04:25 Project and design works for China-Kyrgyzstan-Uzbekistan railroad could start after epidemiology situation will be cleared. Project in different forms had been discussed for almost 20 years.

https://www.gazeta.uz/ru/2021/05/04/railway/ Open / Comment

2021-05-04 14:03:21 Leading international IT companies paid about 11.7 billion UZS of taxes in Uzbekistan. In 1Q2021 sum is already reached 4.3 billion UZS.

https://www.spot.uz/ru/2021/05/03/taxgoogle/ Open / Comment

2021-05-04 13:03:19 JSC O'zikkilamchiranglimetall announced the non-audited results of 1Q2021:
* Total assets is by 10.9% higher and reached 218.9 billion UZS;
* Total equity increased by 10.8% and reached 108 billion UZS;
* Total liabilities is by 11.9% higher and equaled to 110.8 billion UZS;
* Revenues increased by 2.13 times up to 159.2 billion UZS;
* COGS increased by 2.5 times and equaled to 145 billion UZS;
* EBIT decreased by 20.3% to 7.7 billion UZS;
* Net profit decreased by 10.3% and equaled to 5.1 billion UZS;
* Estimated P/B ratio at the level of 16,000 UZS per share - 1.17;
* Estimated P/E ratio at the level of 16,000 UZS per share - 11.2. Open / Comment

2021-05-04 12:03:23 JSC Toshkentvino (TKVK) announced the results of 1Q2021:
* Total assets decreased by 6% YoY and amounted 427.2 billion UZS;
* Total equity increased by 6.4% up to 256.6 billion UZS;
* Total liabilities decreased by 20% and equaled to 170.6 billion UZS;
* Revenue increased by 3.8% up to 185.5 billion UZS;
* COGS increased by 4.7% and reached 119.38 billion UZS;
* EBIT decreased by 21.1% and equaled to 42.2 billion UZS;
* Net profit decreased by 0.2% and amounted 34.5 billion UZS;
* Estimated P/B ratio at the level of 300,800 UZS per share - 2.19;
* Estimated P/E ratio at the level of 300,800 UZS per share - 7.02. Open / Comment

2021-05-04 10:03:24 JSC Uzbekistan Airways is planning significant measures to modernize company:
- to sell 17 airplanes (mostly old Boeings and locally produced IL-114-100), return few Boeing planes and increase number of Airbuses.
- Government to provide land use tax 50% benefits and freeze interest and repayment on $40 million loan until 2024;
- National Bank of Uzbekistan and FRDU to freeze interest and repayment on 895 billion UZS and $77.73 million loans until 2024;
- to establish first national low-cost carrier - Loukost.

https://lex.uz/pdfs/5400434 Open / Comment