Daily monitor

Concern Stirol [STIR UZ, U/R] stated in a press release that the last of its three ammonia synthesis aggregates has been modernized.

Zaporizhtransformator [ZATR UZ, N/R] will deliver 12 autotransformers, at a total value of USD 27 mln, in 2009-2010 for the "Hangar" substation (Russia).

Slavutych [SLAV UZ, BUY] has introduced a new beer for distribution on the Moldovan market, which was formally launched on Tuesday in Kishinev.

Evraz Group [EVR LI, N/R] announced on September 11 that it has closed the acquisition of 48.6% of shares in Palmrose Ltd of Cyprus.

The State Statistics Committee of Ukraine has released figures on real industrial output growth in August 2008. Real output in August 2008 fell 5.3% MoM (vs. a 1.9% decline in July 2008) and fell 0.5% YoY (vs. 5.1% growth in July 2008).

In August, Ukrnafta [UNAF UZ, Strong BUY] extracted 256.4 thsd mt of oil and natural gas condensate (-6.6% YoY, -0.8% MoM), as well as 261.5 mln cbm of natural gas (-6% YoY, -0.2% MoM), according to Ukrainian News.

At a September 10 EGM, shareholders of the Dnipropetrovsk Metallurgical Plant named after Komintern, or Kominmet [DMZK UZ, N/R], approved a share capital increase plan.

The President of the Ukrainian Pharmaceutical Association, Petro Bagriy,announced that leading pharmaceutical companies in Ukraine are ready to cut their prices.

Daniel Valk, the CEO of Dniprospetsstal [DNSS UZ, U/R], shared his vision of the company’s short-term future. Its 2008 plans and projections: CapEx, USD 20-30 mln; output, 340-350 thsd mt; net income, same as in 2007 give or take 10%. The three-year CapEx program: USD 150 mln.

Concern Stirol [STIR UZ, U/R] declared UAH 10 mln (USD 1.98 mln at USD/UAH 5.05) dividends at its AGM on September 06. The payout ratio is 4.5%, DPS is 7.3 USc per share, and dividend yield is 0.54%. The ex-rights date is supposedly September 06.