Uzbek.Review is a publication by EUROUZ.eu

Share this post

JULY 3-14, 2023: Markets Overview

www.uzbek.review

Discover more from Uzbek.Review is a publication by EUROUZ.eu

Uzbek.Review is a project by Europe-Uzbekistan Association for Economic Cooperation (EUROUZ.eu). We keep you updated on key developments in Uzbekistan. The publication consists of short weekly updates and occasional special comprehensive publications.
Continue reading
Sign in
Financial Markets

JULY 3-14, 2023: Markets Overview

Avesta Investment Group presents the bi-weekly overview of Uzbekistan's financial market.

Jul 17, 2023
Share this post

JULY 3-14, 2023: Markets Overview

www.uzbek.review
Share
A picture containing logo

Description automatically generated

TASHKENT STOCK EXCHANGE

The trading volume of the RSE Toshkent for the given period amounted to over 3.8 billion UZS, which is 25 times less than the volume of the last two weeks of June. However, in terms of the number of transactions, activity on the stock exchange increased by 1.7 times, totaling 17,313 transactions. Overall, 76 (+2) types of securities were traded this week, with the top 10 accounting for 86.8% of the stock exchange's total turnover.

The largest transaction, representing 33% of the total turnover, was registered with UZMK at a closing price of 8,630 UZS, amounting to approximately 1.3 billion UZS. The next largest transaction involved URTS, which had a closing price of 19,101 UZS and accounted for approximately 637 million UZS, representing 16.6% of the total turnover. Following these, there was relatively active trading with IFMT3 and UZMT.


FINANCIAL NEWS

OVERVIEW

  • OTP Bank Nyrt published the offer to all minority shareholders of Ipotekabank JSCMB (IPTB) to purchase ordinary shares at 0.94 UZS per share and 4.02 UZS per preferred share.

  • Local private company MR Construction & Engeneering Group LLC won the tender and signed a 2.15trln UZS (approx. $194mln) contract with Almalyk Mining JSC (AGMK) for transportation of 95mln cubic m of rock mass from Yoshlik-I deposit in 2023-2029 years.

  • Konvin JSC is reorganizing into an LLC and announced the possible purchase of shares from minorities at 8,500 UZS per share.

  • Quvasoycement JSC (KSCM) didn't approve the distribution of 2022FY profits and dividends payments. All retained profits are kept until the next EGM to be distributed. At the same time, the company approved the increase of the number of possible for a placement shares by 160,000,000 ordinary and 260,000 preferred, or by 317.2 times. The company could submit these shares for registration in the MoEF anytime according to the decision of the Supervisory Board or EGM).

  • UzAgroleasing JSC (UZAL) registered the private placement of shares for 316bln UZS (x3 to current 105bln UZS). Recently government instructed the company to convert the loans from MoEF into shares of the company.

  • UzMetKombinat JSC (UZMK) obtained the license for the construction and installation of cranes, elevators, and other structures. Most likely this was necessary for the casting and rolling complex construction process.

  • KDB Bank Uzbekistan JSCB placed another interbank deposit with JP MORGAN CHASE BANK N.A. for 1.37trln UZS (approx. $119mln);

  • Mr.Sergey Gimadiyev, former CEO of Apelsin Bank, replaced Mr.Umidjon Khakimov as CEO of Asia Alliance Bank JSCB;

  • Recently bankrupted Hi-Tech Bank JSCB is selling its headquarters in the central part of Tashkent for 25.3bln UZS (1,251 sqm) or approximately 20mln UZS per sqm ($1,731);

DIVIDENDS

  • UTYK to pay 40,100 UZS per share.

  • BIOK to pay 2,550 UZS per share.

  • Despite the fact that the Supervisory Board of Toshkentvino JSC recommended paying 2,095 UZS dividends per share, the announced decision indicates only 1,047 UZS.

  • IPTB not paying any dividends on ordinary shares and is to pay 0.25 UZS per preferred share.

  • UZAS not paying any dividends on ordinary shares and is to pay 820 UZS per preferred share.

  • Toshkent Mexanika Zavodi JSC to pay 159.28 UZS per share.

  • Nokis Vinozavodi JCS, privatized in January 2022 at 9,805 UZS per share announced the dividends for 2022FY at 9,683.4 UZS per ordinary and 1,042.5 UZS per preferred share.


Avesta Investment Group is a leading investment banking, securities, and investment management firm in Uzbekistan, with operations in all Central Asian countries.


Visit Avesta website for more

Uzbek.Review is a publication by EUROUZ.eu is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Read null in the Substack app
Available for iOS and Android


ABOUT US
EUROUZ OR EUROPE-UZBEKISTAN ASSOCIATION FOR ECONOMIC COOPERATION (EUROUZ.EU) IS A EUROPEAN COOPERATION PLATFORM ESTABLISHED TO ASSIST THE EUROPEAN BUSINESS COMMUNITY IN DEVELOPING AND STRENGTHENING BUSINESS, INVESTMENT, AND TRADE COOPERATION TIES WITH UZBEKISTAN.
ALL ORGANISATIONS OF ANY LEGAL FORM REGISTERED WITHIN THE EUROPEAN ECONOMIC AREA + UK AND SWITZERLAND OR THOSE LEGALLY REGISTERED IN UZBEKISTAN ARE ELIGIBLE TO BECOME MEMBERS OF EUROUZ.
EUROUZ IS A NON-COMMERCIAL, NON-PROFIT, NON-GOVERNMENT ASSOCIATION ESTABLISHED IN BRUSSELS WITH A BRUCH OFFICE IN THE PROCESS OF REGISTRATION IN UZBEKISTAN. FOR ANY INQUIRIES, CONTACT US VIA: INFO@EUROUZ.COM
DISCLAIMER
THE DATA, ANALYSIS AND ANY OTHER INFORMATION (THE “INFORMATION”) CONTAINED IN THE EUROUZ MONTHLY REPORT ON UZBEKISTAN (THE “REPORT”) IS FOR INFORMATIONAL PURPOSES ONLY. IT IS NEITHER INTENDED AS A SUBSTITUTE FOR ADVICE FROM BUSINESS, FINANCE, INVESTMENT CONSULTANT OR OTHER PROFESSIONALS, NOR IS IT MEANT TO BE A BENCHMARK OR INPUT DATA TO A BENCHMARK OF ANY KIND. WHILST REASONABLE EFFORTS HAVE BEEN MADE TO ENSURE THE ACCURACY OF THE INFORMATION CONTAINED IN THE REPORT, EUROUZ MAKES NO WARRANTIES OR REPRESENTATIONS AS TO ITS ACCURACY, RELEVANCE OR COMPREHENSIVENESS AND ASSUMES NO LIABILITY OR RESPONSIBILITY FOR ANY INACCURACY, ERROR OR OMISSION OR FOR ANY LOSS OR DAMAGE ARISING IN CONNECTION WITH OR ATTRIBUTABLE TO ANY ACTION OR DECISION TAKEN AS A RESULT OF USING OR RELYING ON THE INFORMATION IN THE REPORT. THE VIEWS EXPRESSED IN THE REPORT ARE THOSE OF EUROUZ AND DO NOT NECESSARILY REFLECT THE VIEWS OF ITS GOVERNING BODIES. FULL REPRODUCTION, COPYING OR TRANSMISSION OF THE REPORT IS NOT PERMITTED IN ANY FORM OR BY ANY MEANS BY THIRD PARTIES WITHOUT EUROUZ’S WRITTEN PERMISSION. HOWEVER, THE INFORMATION CONTAINED THEREIN MAY BE USED AND/OR REPRODUCED FOR EDUCATIONAL AND OTHER NON-COMMERCIAL PURPOSES WITHOUT THE EUROUZ’S PRIOR WRITTEN PERMISSION, PROVIDED THAT THE REPORT IS REFERENCED. THE REPORT MAY CONTAIN REFERENCES TO MATERIAL(S) FROM THIRD PARTIES, WHOSE COPYRIGHT MUST BE ACKNOWLEDGED BY OBTAINING NECESSARY AUTHORIZATION FROM THE COPYRIGHT OWNER(S). EUROUZ OR ITS GOVERNING BODIES SHALL NOT BE LIABLE OR RESPONSIBLE FOR ANY UNAUTHORISED USE OF ANY THIRD-PARTY MATERIAL(S).
EMAIL: info@eurouz.com
COPYRIGHT © 2023 - ALL COPYRIGHTS RESERVED

Share this post

JULY 3-14, 2023: Markets Overview

www.uzbek.review
Share
Previous
Next
Comments
Top
New

No posts

Ready for more?

© 2023 EUROUZ.EU
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing