Avesta Investment Group - Uzbekistan
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Avesta Investment Group - a leading financial advisory firm in Uzbekistan and Turkmenistan.

https://www.avestagroup.com
https://www.facebook.com/avestagroup.uz/

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JSC Dori-Darmon (ex DDAK) announced the results of 2019:
* Total assets decreased by 23.3% y-o-y and amounted 243.8 billion UZS;
* Total equity declined by 39.8% to 62.9 billion UZS;
* Total liabilities increased by 18% and reached 180.8 billion UZS;
* Sales decreased by 21.2% and amounted 57.1 billion UZS;
* EBIT equaled to 492 million UZS;
* Net loss amounted to 48 billion UZS;
* Estimated P/B ratio at the level of 4,300 UZS per share - 1.37
"Digital Uzbekistan 2030" strategy signed by President and will introduce sufficient measures for developing of IT infrastructure, especially in providing of state services. Within next three years it's planned to increase Internet connection of cities and villages to 95%, introduce 400 IT decisions and services in social sphere and other
https://lex.uz/pdfs/5031048
WB updated forecasts for Uzbekistan's economy:
- GDP growth forecasted at 0.6% in 2020, 4.8% in 2021 and 5.3% in 2022;
- Infltion rate keeps decreaseing to 12.9% in 2020 to 10.6% in 2021 and 8.9% in 2022;
- governmental debt to increase up to 38.3% of GDP until 2023;
https://openknowledge.worldbank.org/bitstream/handle/10986/34518/9781464816437.pdf
Presystem Universal LLC announced planned sale of 4,979,306 ordinary shares or 1,38% of equity in JSCB Trastbank (TRSB) at 1,500 UZS per share. Latest market transaction with shares made at 7,200 UZS.
https://www.uzse.uz/boards/2130
Kursiv journal wrote about new listing requirement of RSE with comments from Avesta Investment Group
https://www.kursiv.uz/news/biznes/2020-10/birzha-toshkent-vvodit-novye-pravila-listinga
TOP-10 securities traded at RSE Toshkent in 9M2020
The autumn edition of the World Bank’s Economic Update released on October 7 forecasts that Uzbekistan is one of only two countries in Europe and Central Asia that will see positive economic growth this year as the rest of the world suffers from an economic recession caused by the coronavirus (COVID-19) pandemic.

http://www.intellinews.com/uzbekistan-one-of-only-two-countries-in-europe-and-central-asia-to-put-in-positive-economic-growth-this-year-says-world-bank-193637/