News
05.07.2016
VAT repayments braking has lowered stocks’ prices of public Ukrainian agro companies
Overall capitalization of Ukrainian public agro holdings traded on international stocks’ exchanges has reached 2.78 B USD on July 1, 2016 which is 5.7% less than at the beginning of June (-165.4 M USD). Ukrainian public companies market value descent caused by export VAT back payments braking in June of the current year. Most notable decrease is observed on stocks’ prices charts of KERNEL (-6.6% or – 72.8 M USD), UKRPRODUKT (-35.7% or 67.4 M USD) and MHP (-2.1% or 20 M USD).
Along with, several other issues were causing price decline of Ukrainian public companies shares. Those are EUR/USD decline and overall crisis situation due to BREXIT news.
“Export VAT reimbursement lowering issuers cash flows and thus support negative pressure on stocks’ prices of publicly listed companies. Further delays or holdbacks will have negative or re-straining pressure on stocks’ prices”, - said Daria Grytsenko, UCAB’s expert.
