Daily monitor

Daniel Valk, the CEO of Dniprospetsstal [DNSS UZ, U/R], revealed that the company plans to produce 15 thsd mt of rolled products in November. This volume will be 39% down MoM (24.5 thsd mt in October) and 48% below the 10M08 average of 29.0 thsd mt per month.

In the first ten months of 2008, electricity output in the unified energy system (OES) of Ukraine grew by 1.1% YoY to 160.134 bln kWh, according to data released by Ukraine's Fuel and Energy Ministry.

It was previously announced that a 68% stake in ProminvestBank, the sixth-largest bank in Ukraine by assets, was sold to a strategic investor.

On November 10, Concern Galnaftogaz [GLNG UZ, Speculative BUY] disclosed its selected consolidated UAS 1H08 results.

Kryukiv Railcar [KVBZ UZ, BUY] has completed the construction of its assembly and welding shop within its railcar-building complex in Kremenchug, Poltava Region.

Yesterday, the Bogdan Corporation suspended the construction of its plant in Russia, which was intended for the production of buses and passenger cars. The site was to be in the Nizhny Novgorod Region.

The National Committee of Statistics has announced that the trade balance deficit in January–September 2008 reached USD 10.3 bln, which is USD 6.5 bln (171%) greater than the trade balance deficit in January–September 2007.

The National Committee of Statistics has announced that Ukraine’s industrial output contracted 7.6% MoM in October after falling 4.1% MoM in September.

For the period January-October 2008, Ukraine’s Bogdan Automobile Factory [LUAZ UZ, BUY], previously known as the Lutsk Automobile Plant (LuAZ), raised its car output by 82.6% to 77,720 cars from 42,563 cars for the same period in 2007. This data was released by the Bogdan Corporation.

The Bogdan Corporation, one of the largest producers on the Ukrainian automobile market, has won a tender for the supply of 83 buses to Batumi, Georgia. Serhiy Krasulia, the Press Secretary of the Bogdan Corporation, explained that these are small class A 092 buses. They were ordered by the Batumi City Administration.