Kyivstar Shares
Extend Slump; Agro Stocks Slide Amid Stalled Peace Efforts
Kyivstar (KYIV)
suffered another sluggish week, with its stock falling 13% to USD 10.80 from
USD 12.43. Despite trading at a compelling price-to-earnings ratio of 8.6x,
investment funds remain reluctant to buy amid persistent wartime risks. The
telecom operator’s market capitalization now stands at USD 2.5bn.
Ukrainian
agricultural stocks faced a wave of selling from active traders frustrated by
the lack of progress in diplomatic efforts to halt hostilities. Two weeks have
passed since European leaders’ visit to Washington, and the initial optimism
touted by Western media has all but evaporated. Russia continues to disregard
peace talks, reviving its maximalist demands from 2022 and refusing to make
concessions.
MHP (MHPC) shares
slipped 1.0% to USD 5.90, valuing the company at USD 632mn. Astarta (AST) and
Kernel (KER) dropped 1.6% and 1.8%, respectively.
In political news,
President Donald Trump said that Europe must stop purchasing Russian oil and
put economic pressure on China to try to bring about an end to the war in
Ukraine. The European Commission has proposed legislation to phase out EU
imports of Russian oil and gas by January 1, 2028, as Brussels seeks to sever
its decades-old energy relations with Russia.
Trump has bristled
at the suggestion that he has not taken action against Russia as it continues
to bombard Ukraine with drone strikes, pointing to tariffs he imposed on India
over its purchase of Russian oil and gas. Trump told CBS News in an interview
late Wednesday that he remained optimistic there would be a conclusion to the
war, even if it was not imminent.
POLITICS AND ECONOMICS
- Ukraine Secures USD 38.2bn in Loans and Grants Since Start of 2025
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