Daily monitor

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.

Zaporizhya Ferroalloys [ZFER UZ, N/R] produced 324.4 thsd mt of ferroalloys in 8M08, down 1.5% YoY. According to Interfax-Ukraine, FeSi (45%) output was up 9.5% to 48.4 thsd mt, SiMn output was down 13.9% to 194.7 thsd mt, FeMn output was up 51.7% to 76.3 thsd mt, and the output of metallic Mn was down 41.9% to 5 thsd mt.

Stakhaniv Ferroalloys [SFER UZ, N/R] produced 169.8 thsd mt of ferroalloys in 8M08, up 5.7% YoY. According to Interfax-Ukraine, FeSi (45%) output was up 26.6% to 69.5 thsd mt, while SiMn output was down 18.5% to 86.1 thsd mt.

Nikopol Ferroalloys [NFER UZ, N/R] produced 687.7 thsd mt of ferroalloys in 8M08, down 3.8% YoY. According to Interfax-Ukraine, SiMn output was down 13.8% to 465 thsd mt, whereas FeMn output was up 26.8% to 22.7 thsd mt.

Yesterday, September 9, the Bogdan Corporation opened a new plant for assembling ISUZU trucks with a capacity of 15 thsd vehicles per year.

Azovmash has won a tender for supplying six protective sets for the dry storage of waste nuclear fuel containers with a protective ring.