Moody's upgrades Uzbekinvest JSC's (UZIN) rating to Ba2 with Stable outlook.

https://www.moodys.com/research/null-Moodys-Ratings-upgrades-Uzbekinvests-local-currency-IFSR-to-Ba2-from-Rating-Action--PR_1000010527

Foreign trade turnover in 10M2024 increased by 6.7% and amounted to $54.4bln including a 4.7% increase in imports, up to $31.9bln and a 9.6% increase in exports up to $22.4bln.

https://stat.uz/ru/press-tsentr/novosti-goskomstata/58306-vneshnetorgovyj-oborot-respubliki-uzbekistan-za-yanvar-iyun-2024-g-5

On 19th of November, 24.76% equity share in Almalyk Mining JSC (AGMK) was sold for 12.2trln UZS (approx. $954.3mln) at 69,499 UZS per share. Recently issued additional shares were allocated to UFRD for financing the Yoshlik project. Total market capitalization of the company at this price is valued at $3.9bln. Nominal price is 3,914 UZS per share. Based on the latest available financial information as of 9M2024, the company is valued at a market price with x6 P/E ratio and x1.9 P/B ratio.

https://lex.uz/ru/docs/4829172

Foreign trade turnover in 7M2024 grew by 5.3% and reached $36.8bln including a 10.1% increase in imports, up to $22bln and a 1.1% decline in exports, down to $14.8bln.

https://stat.uz/ru/press-tsentr/novosti-goskomstata/56067-vneshnetorgovyj-oborot-respubliki-uzbekistan-za-yanvar-iyun-2024-g-2

stat.uz

Внешнеторговый оборот Республики Узбекистан (за январь-июль 2024 г.)

custom description for seo

Tashgiprogor JSC (TGPR) was included in the official Tashkent Stock Exchange listing from August 22nd.

https://uzse.uz/boards/3827

93-Maxsus Trest JSC (MXUS) was included in the official Tashkent Stock Exchange listing from August 19th.

https://uzse.uz/boards/3823

Weekend reading: Melon festival in Khiva.

https://english.news.cn/20240812/65ad78fd9e3647d9a2415040f65286be/c.html

english.news.cn

People celebrate Melon Festival in Khiva, Uzbekistan

People celebrate the Melon Festival in Khiva, Uzbekistan, Aug. 11, 2024. Khiva in the Khorezm region of Uzbekistan hosted the annual Melon Festival from Aug. 9 to 11. The ancient city showcased a variety of melon products and held a series of vibrant traditional…

Overview:
- Ipak Yuly Bank JSCB (IPKY) signed two bank loan repayment insurance contracts both 530bln UZS worth with Alfa Invest JSC and Uzbekinvest JSC (UZIN) insurance companies;
- Uzbekneftegaz JSC (UZNG) capitalized almost a 1trln UZS into a charter capital of the company;
- EOPC JSC (UzCard), ATTO JSC and Plum Technologies JSC reorganized the management structure introducing a UCMG LLC as a management company to lead the operational processes;

President signed a Decree to develop financial factoring services for accounts receivable in Uzbekistan. The draft of a new Law should be submitted within one month. Factoring services might be provided both in local and foreign currency.

https://www.lex.uz/ru/pdfs/7061749