Agro-industrial group of companies “Ovostar Union”, one of the leading producers of eggs and egg products in Ukraine, in January-September 2022 reduced the production of chicken eggs in shell by 5.1% compared to the same period in 2021 – 1.19 billion eggs. , while their sales decreased by 2.4% – to 824 million units.
According to the report of the group of companies published on the website of the Warsaw Stock Exchange on Tuesday, Ovostar increased the export of eggs by 6.7% in the first nine months of this year, to 223 million eggs, as a result of which the share of foreign deliveries in the company’s sales increased by 2 percentage points. P. – up to 27% from 25%.
“During the third quarter of 2022, the group’s companies continued to operate under the pressure of risks and uncertainties caused by the ongoing Russian military invasion of Ukraine. Given the specifics of the current operating environment in Ukraine, management assesses the group’s operational results as satisfactory,” said Borys Belikov, CEO of the company. the words of which are given in the message of the holding.
Also, Ovostar processed 339 million eggs in January-September 2022, which is 10% less than its figures for the same period last year.
The number of birds “Ovostara Union” as of September 30, 2022 amounted to 6.84 million heads (14.2% less than on the same date a year earlier), including laying hens – 5.75 million heads (- 13.3%.
Sales of dry egg products of Ovostar for the three quarters of this year decreased by 55.9% compared to January-September 2021 – to 1.16 thousand tons, and the share of their exports in the total sales structure did not change, remaining at the level of 68% .
At the same time, sales of liquid egg products decreased by 26.4% – to 7.53 thousand tons, the share of their exports amounted to 41% against 28% in the same nine months of 2021.
The average selling price of chicken eggs in shell in the specified reporting period of the current year remained at the last year’s level – $0.076/piece, dry egg products increased by 80%, up to $8.63/kg, liquid egg products – by 10%, up to 1 83 $/kg.
The Ovostar Union group of companies is a vertically integrated public holding company, one of the leading producers of chicken eggs and egg products in Europe. The manufacturer has been a certified exporter to EU countries since 2015.
The holding company of the group is Ovostar Union N.V. in mid-June 2011, it held an IPO of 25% of the shares on the Warsaw Stock Exchange and raised $33.2 million. The majority stake in the company is owned by Prime One Capital Limited, which is controlled by its CEO Boris Belikov and chairman of the board of directors Vitaly Veresenko.
Ovostar received $1.65 million in net profit in 2021, which is 38% less compared to 2020. Its EBITDA fell 29% to $5.7 million, while revenue increased 35% to $133.3 million.
Traders are evaluating both signals of weakening global economic growth and the prospects for a reduction in fuel supply on the world market. In particular, investors are waiting for details of the US-promoted plan to introduce a price ceiling for Russian oil against the backdrop of a full-scale war unleashed by the Russian Federation against Ukraine, writes Bloomberg.
The price of December futures for Brent on London’s ICE Futures is $93.25 per barrel by 8:15 ET on Tuesday, which is $0.01 (0.01%) lower than the closing price of the previous session. As a result of trading on Monday, these contracts fell by $0.24 (0.3%) to $93.26 per barrel.
The price of futures for WTI oil for December in the electronic trading of the New York Mercantile Exchange (NYMEX) rose by this time by $0.03 (0.04%), to $84.61 per barrel. By the close of previous trading, the value of these contracts fell by $0.47 (0.6%) to $84.58 per barrel.
Published the day before, statistical data from China, which is the world’s largest oil importer, were mixed. The growth of the country’s GDP in the third quarter exceeded forecasts, while the September increase in retail sales was the lowest in 4 months, and the increase in imports fell short of experts’ expectations.
In addition, reports of the introduction of quarantine restrictions in the major Chinese city of Guangzhou dampened risk appetite in global markets, including oil.
“It is possible that the risks of a recession, as well as a drop in demand in China, are exaggerated and already priced into the market,” said Steven Innes, managing partner of SPI Asset Management, quoted by Bloomberg. in response to the military aggression of the Russian Federation against Ukraine – IF) on the supply of Russian oil to the European Union in December – these are the main factors that will serve as catalysts for rising prices and lead to their rise to $100 per barrel by the end of the year.
Stock indices of the Asia-Pacific region rise in trading on Tuesday, following the positive dynamics of the US stock market.
Chinese indices are also growing quite steadily after a sharp decline the day before.
The country’s authorities, including the State Reform Development Committee of the People’s Republic of China, issued a notice asking local authorities to make more favorable conditions for the entry of TNC executives, technical personnel, specialists and their families into China. This measure mainly serves to attract foreign investment to the country and is a signal to loosen the tough policies against the coronavirus.
China’s Shanghai Composite rose 0.6% by 8:15 am CST, as did Hong Kong’s Hang Seng.
The leaders of growth in quotations on the Hong Kong Stock Exchange are the shares of the owner of a chain of Chinese restaurants Haidilao International Holding Ltd. (+6%), online retailer JD.com Inc. (+4.7%) and electronics manufacturer Xiaomi Corp. (+4.6%).
PC maker Lenovo Group Ltd. rise in price by 4.5%, retailer Alibaba Group Holding Ltd. – by 4.4%, sports equipment manufacturer Anta Sports Products Ltd. – by 3% and video game developer Netease Inc. – by 3.2%.
The value of the Japanese Nikkei 225 index increased by 1.1% by 8:20 am KSK.
The shares of Nidec Corp, a manufacturer of electric motors, are rising most significantly. (+4.4%). The company posted a 37% increase in net income in the second financial quarter, driven by strong performance in the automotive equipment and parts segment.
In Japan, the papers of the transport and logistics company Kawasaki Kisen Kaisha Ltd are also rising in price. (+4.1%) and investment SoftBank Group Corp. (+3.6%).
The South Korean index Kospi added 0.1% by 8:25 am KSK.
Quotes of securities of one of the world’s largest manufacturers of chips and electronics Samsung Electronics Co. grow by 1%, the cost of automaker Kia Corp. increases by 0.5%.
The Australian S&P/ASX 200 gained 0.3%.
On the stock exchange in Sydney, the most expensive stocks of credit Credit Corp. group ltd. (+7.9%), gold miner St. Barbara Ltd. (+5.3%) and media company Nine Entertainment Co. holdings ltd. (+5%).
The capitalization of the world’s largest mining companies BHP and Rio Tinto fell by 1.3% and 1.4%, respectively.
The Joint Coordinating Center (JCC) announced that 60 vessels are expected to join the Black Sea Grain Initiative.
“Currently, 113 vessels are registered for inspection by the SKC, and another 60 are waiting to join the Black Sea Grain Initiative in Turkish territorial waters,” the SKC said in a statement.
According to the center, 97 ships waiting to leave the ports of Ukraine have already loaded more than 2 million tons of food.
The SKC reported that on October 24, four dry cargo ships left Ukrainian ports. Having received permission from the center, they transport a total of 159,662 tons of food.
The vessel Flag Lama (34,430 tons of sunflower meal and 30,673 tons of corn) is heading for China, the vessel C Faith (56,789 tons of wheat) is heading for Vietnam. Dry cargo ship BSL Calypso will deliver 23.5 thousand tons of corn to Italy and Spain, dry cargo ship MBC Daisy – 14,270 tons of wheat to Algeria.
The SKC specified that “the grain that arrived at the destination can be processed and then transported to other countries.”
“As of October 24, the total tonnage of grain and other agricultural products exported from three Ukrainian ports is 8,673,198 tons. In total, 772 ships have been allowed to move at the moment – 389 to arrive at Ukrainian ports and 383 to leave them,” – said in the message of the SKC.
On July 22, in Istanbul, with the participation of the UN, Russia, Turkey and Ukraine, a document was signed on the creation of a corridor for the export of grain from three Ukrainian ports: Chernomorsk, Odessa and Pivdenny.
The head of the House of Commons, Penny Mordaunt, withdrew her candidacy for the election of prime minister, so her rival Rishi Sunak automatically becomes the new head of the Conservative Party and, accordingly, the prime minister of Great Britain, the leadership of the British Conservative Party reported on Monday.
“Rishi Sunak has been chosen as the new leader of the Conservative Party,” said Sir Graham Brady, head of the House of Commons “1922 committee” that was in charge of the process of choosing a new leader.
Mordaunt, for her part, tweeted that she had withdrawn her candidacy for the prime ministerial election and said that thus “we have chosen our new prime minister”, noting that she fully supports Sunak.
Rishi Sunak was born in Southampton to a doctor and pharmacist on May 12, 1980. He graduated from the University of Oxford where he studied philosophy, politics and economics, and later received an MBA from Stanford University. There, the politician met his future wife Akshata Murthy, the daughter of the co-founder of the Indian multinational IT company Infosys, billionaire Narayana Murthy. Sunak managed to work in one of the largest investment banks in the world Goldman Sachs Group and hedge fund The Children’s Investment Fund Management.
In 2015, Sunak won the parliamentary elections in the Richmond constituency in West Yorkshire. He first entered the government under Theresa May in 2018, receiving the position of Parliamentary Assistant to the Minister of Housing, Communities and Local Government. Sunak voted three times for May’s EU Brexit deal, but it was rejected in 2019, largely leading to her resignation and the rise to power of Boris Johnson.
After May’s resignation, Sunak supported Johnson as the candidate for leader of the Conservative Party. Johnson came to power in 2019 and appointed Sunak to the post of deputy head of the Treasury, but already in 2020 he went on a promotion and headed the Treasury, replacing Sajid Javid in this post.
On July 5, 2022, Sunak became the second minister after Javid to resign in connection with the Johnson scandals. Three days later, Sunak announced his candidacy for the post of the new leader of the Tories and, accordingly, the Prime Minister of Great Britain. The former head of the Ministry of Finance gained the majority of votes in all rounds of the election of the head of the Conservative Party, but in the final round he lost to former Foreign Minister Liz Truss. Truss took office as prime minister, but was able to hold it for only 45 days, after which she was forced to resign.
Prime Minister Denys Shmyhal is on a working visit to the German capital Berlin.
“We are working today in Berlin, we have a busy agenda. We started it with the opening of the 5th Ukrainian-German Economic Forum with Chancellor Olaf Scholz,” Shmygal wrote on his Telegram channel.
According to him, during his speech, he focused on the prospects that will open up for European business in the process of implementing the Ukraine Recovery Plan.
In particular, we are talking about the military-industrial complex.
“We aim to create a high-tech military-industrial complex, in particular, thanks to the transfer of European and world military technologies, attracting investment in design development and building military production,” he wrote.
Also, the prime minister said at the forum that the country has a significant potential for the supply of “clean” energy and Europe’s largest gas storage facilities.
“Digital technologies. In the future, Ukraine can turn into a digital hub of Asian and European backbone Internet traffic. The agricultural sector, whose investment potential is at least $34 billion. Green Deal. We see ourselves as a climate modernized state. European investment in pure Ukrainian production is a step to the implementation of the green transition,” Shmyhal said.
