Daily monitor

HeidelbergCement Ukraine will hold its EGM on September 4 to discuss creating an assignee branch on the base of Doncement.

System Capital Management (SCM) is selling two of its four breweries.

Kovelmoloko [KMOL UZ, BUY] is a main asset of the Western Milk Group (WMG), accounting for 33% of the group’s total output.

In June 2008, PPI in Ukraine increased by 4.2% compared to May 2008, according to figures released by the State Statistics Committee of Ukraine today.

The Ukrainian Government is planning to consider lowering import duties on equipment used in shipbuilding.

At the July 04 AGM, shareholders of Alchevsk ISW [ALMK UZ, BUY] approved the results of a share offering that lasted almost a year - from July 16, 2007 until June 25, 2008. As a result, the statutory fund increased by 139% to UAH 2.56 bln (about USD 550 mln).

Ukrnafta [UNAF UZ, BUY] will likely announce another AGM within the next week.

State Statistics Committee released June figures for CPI. MoM CPI change for June is the lowest in 2008 (0.8% against the next lowest of 1.3% in May). YTD and YoY CPI change in June are 15.5% and 29.3% respectively.

Ukraine's Cabinet of Ministers submitted Parliament a revised budget for 2008 that assumes an 11.7% increase in profits and 10.3% increase in expenses.

MCB Agricole [4GW1 GR, N/R], a holding company for the Ukrainian agricultural company Ukrzernoprom, is planning to increase its net revenues by USD 40 mln to 56 mln, with its net income to grow by 3.5 times to USD 14 mln in 2008.