Daily monitor

AZOVMASH intends to deliver furnace-charging equipment that is 4.2 m in diameter to the Dunaferr Metallurgical Plant (Budapest, Hungary) in 2009.

On October 10, Turboatom [TATM UZ, HOLD] won a tender for the modernization of the K-200-130 turbines at the Luhansk TPP (Thermal Power Plant) and the Kurahovskaya TPP.

According to the publication Business-Credit, the pharmaceutical market in Ukraine grew 42% in 1H2008in terms of cash value, reaching USD 1.621 bln. In terms of volume, the market grew by 7% to 0.680 mln units in the same period.

Ukrnafta [UNAF UZ, Strong BUY] announced that an AGM will take place on December 02. According to Ukrainian News, the meeting’s agenda is packed with important items.

On October 13, Bagliy Coke [BKOK UZ, U/R] may have started to shut down its coke battery No. 7-bis. For more than two years, since 2005, the brand new coke battery, with a 490 thsd tpa capacity, had been in a hot idling mode until being launched on July 30, 2008.

In September 2008, cement production in Ukraine declined by 6.2% to 1,428 metric tons, compared to September 2007.

Ukraine’s telecommunications giant Ukrtelecom [UTEL UZ, U/R] has expanded its broadband Internet customer base to 500,000 as of October 1st. This is an increase from 206,000 subscribers at the end of 2007.

The State Statistics Committee of Ukraine released figures on real industrial output growth in September 2008.

Yasynivka Coke [YASK UZ, U/R] produced 130 thsd mt of 6% water content gross coke in September, 8% lower than in August and 7% lower than the average monthly 8M08 level of 140 thsd mt.

Due to the deterioration of short-term prospects for the entire coke sector, we have put the following stocks under review: Avdiivka Coke [AVDK UZ, U/R], Yasynivka Coke [YASK UZ, U/R], and Bagliy Coke [BKOK UZ, U/R].