Avesta Investment Group

A unified platform for electricity trading in Central Asia might be created. https://lnkd.in/dGt-g3Uq

Brief interview with Mr. Eugene Antonov, Navoi Mining JSC's (NGMK) First Deputy Director, on maintaining the profitability of production and prospects of additional Eurobonds issue. https://lnkd.in/db54psCB

Foreign reserves increased by 4.9% from $41.2bln to $43.1bln, including $1.5bln increase in gold. https://lnkd.in/dGciujUs

Uzbekistan plans to develop a legal framework for the operation of the carbon market and carbon pricing mechanisms. https://lnkd.in/d3ugG4UZ

Chilonzor buyum savdo kompleksi JSC (CBSK) announced the non-audited results of 9M2024: * Total assets decreased by 12.6% y-o-y and reached 148.9bln UZS; * Total equity rose by 18.6% up to 138.3bln UZS; * Total liabilities declined by 80.2% and amounted to 10.6blnUZS;  * Revenue decreased by 10.2%, amounting to 55.3bln UZS;  * EBIT grew by 27.9% to 26.2bln UZS; * Net profit increased by 28.6% up to 20.9bln UZS, with a 20.9% margin;   * Estimated P/B ratio at the level of 2,12 UZS per share - 0.7; * Estimated P/E ratio at the level of 2,12 UZS per share - 6.1.

Toshkentdonmahsulotlari JSC (TDM) announced non-audited results of 9М2024: * Total assets decreased by 7.7% y-o-y and reached 501.8bln UZS; * Total equity went down by 41.3% and reached 63.2bln UZS; * Total liabilities increased by 0.54% and equaled 438.5bln UZS;  * Revenue declined by 30.4% and amounted to 239.1bln UZS;  * COGS decreased by 37.9% and equaled 200.4bln UZS; * EBIT turned from 3.65bln UZS to negative 10.3bln UZS; * Net loss equaled 18bln UZS; * Estimated P/B ratio at the level of 2,500 UZS per share - 0.39.

TBC Bank Uzbekistan's net profit reached $12mln, increasing by 2.3 times in 9M2024. The loan portfolio of the bank more than doubled ($460mln) and deposits volume equaled $314mln (+66.7%). https://lnkd.in/eWET5Xj4

Toshkentvino JSC (ex. TKVK) announced non-audited results of 9M2024: * Total assets rose by 1.28 times and amounted 722.4bln UZS; * Total equity increased slightly by about 1% up to 300.35bln UZS; * Total liabilities expanded by nearly 1.58 times and equaled to 422bln UZS;  * Revenue increased by 4.2% to 561.67bln UZS;  * COGS declined by 17% and amounted 321.6bln UZS; * EBIT increased by 1.15 times and equaled to 86.16bln UZS; * Net profit saw a slight decrease of 0.5% and amounted 47.4bln UZS;  * Estimated P/B ratio at the level of 29,700 UZS per share - 1.9; * Estimated P/E ratio at the level of 29,700 UZS per share - 7.0.