Daily monitor

Ukrros [36U1 GR, BUY] has produced 174 thsd tonnes of sugar this season, which is almost 30% more than in a previous year. The Company has made 115 thsd tonnes of beet sugar and 59 thsd tonnes of cane sugar, which is 12% less and 14 times more respectively higher than in 2009.

January-November witnessed 7% YoY growth of Ukrainian automobile production to 71.6 thsd units which is the first positive figure since the year beginning. 20% YoY car production increase on Bogdan Corporation, owner of Bogdan Motors [LUAZ UK] was the main growth driver, yet total dynamics was whittled down by negative indicators of UkrAVTO Corporation [AVTO UK], owner of Zaporizhya Automobile Plant [ZAZA UZ] slowing down production by 18% to 39 thsd units.

Assets of Ukrainian banks increase in 11M10 by 7.3% to USD 118.8 bln. Clients’ accounts added 1.6% in November.

In November 2010 AvtoKrAZ Holding [KRAZ UK] has increased truck production by 27.7% MoM to 106 units and sold 178 vehicles. Total volume of produced trucks in January-November amounted 811 units (3 times YoY increase) while vehicle sales reached 915 trucks.

In January-November 2010 Bogdan Corporation, owner of Bogdan Motors [LUAZ UK], has increased production of busses and trolleybuses by 53% YoY to 818 units. The corporation produced 65 buses and trolleybuses in November which is a 16.4% MoM increase.

Economic Court of Appeal of Kyiv has allowed appeal of Bryansk Machinery over decision of Economic Court of Kyiv on cancellation of purchase contract on 76% share of Luganskteplovoz [LTPL UK]. The state property fund of Ukraine has not posted any comments on the appeal allowance by recent moment.

Yesterday MHP [MHPC LI, U/R] has completed its SPO on LSE and has placed 10 mln of the Company’s shares in the form of GDR’s, with one GDR representing one share. The shares were sold at a price of USD 16.5 per GDR, totaling USD 165 mln. Gross proceeds for the Company amount to USD189.75 mln, assuming that the over-allotment option is exercised in full.

The Cabinet of Ministers has prolonged grain export quotas until March 31, 2011. Also the Government decided to increase grain export quotas by 1.5 mln tonnes: 1 mln tonnes of corn and 0.5 mln tonnes of wheat.

In November 2010 Luganskteplovoz [LTPL UK] produced 8 diesel locomotive sections and 2 electric locomotive sections. Total amount of production in January-November has reached 58 diesel locomotives and 4 electric locomotives.

In November 2010 Turboatom’s [TATM UK] production volume accounted USD 5.79 mln while sales reached USD 8.68 mln which are a 100% planned volumes.