Daily monitor

Ukrsugar, the Ukrainian association of sugar producers, estimates the minimum sugar price at USD 0.82 due to the substantial cost increases of its production.

Mostobud [MTBD: BUY] has been chosen to start the reconstruction and is also a preferred candidate for the further rebuilding of the Olympic Stadium, the main event venue for Euro 2012 in Ukraine.

Avdiivka Coke [AVDK UZ, Strong BUY] conducted this year’s AGM on June 19.

Dnipropetrovsk Comintern Steel Works [DMZK UZ, BUY] increased its pipe output 36.7% YoY to 97.5 thsd metric tons and produced 20.4 thsd tons in 5M2008.

Kryukovsky Railcar [KVBZ UZ, U/R], the only Ukrainian producer of both passenger and freight railcars, has cinched a deal to produce double-decker passenger railcars with Finland’s Transtech Oy, which specializes in the production of these types of cars.

Trigon Agri [TAGR SS, N/R], a Dutch agricultural company, expanded its land bank to 129.5 thsd ha in Ukraine and Russia.

On June 17, Azovstal [AZST UZ, BUY] reported in a Metinvest Holding press release that it has tested a brand new vacuum vessel.

Official statistics for foreign mercantile trade and domestic trade turnover were released. In January-April 2008, Ukrainian export of goods rose 30.9% YoY to USD 19.3 bln. Import of goods in this respective period totalled USD 26.7 bln, which is 50.3% above imports for 4M07.

Kernel Trade, a vertically-integrated part of the Kernel Group [KER PW, N/R], recorded a three-fold increase of net revenues to USD 194.1 mln and an expansion of net income to USD 7.34 mln.

The Ukrainian government is planning to expand subsidies for sowing sugar beets 26.7% to USD 154.5 per ha (vs. USD 113.3 per ha in 2006), Prime Minister Yulia Tymoshenko said, Ukranews reported.