MHP Shares Rally on Strong Q3 Results, Enwell Energy Slides Amid Licensing Halt
Shares of poultry maker MHP (MHPC) surged 3.7% to USD 4.23 following the release of strong Q3 financial results, pushing the company’s MCap to USD 453mn. Net income for the July-September period soared 75% to USD 96mn, translating to earnings of 90 cents per share. The company’s forward P/E ratio stands at 2.8x, a notably low level, suggesting significant upside potential for its stock price.
Meanwhile, shares of Enwell Energy (ENW), a gas extraction company, plummeted 40% to GBp 15.8, reducing its MCap to USD 63mn. The sharp decline came after the company reported a suspension of its licenses in Ukraine’s Poltava and Kharkiv regions. The suspension stems from Enwell Energy’s affiliation with sanctioned businessman Vadym Novynskyi.
Ukrainian iron ore miner Ferexpo (FXPO) shed by 4.0% to GBp 79.60 after rallying earlier this month. The company’s current MCap stands at USD 595mn with a P/E of 5.0x and EV/EBITDA of just 2.7x.
Hryvnia Trades In Narrow Corridor Losing Marginal 0.1%
The hryvnia weakened by a marginal 0.1% to 41.65 UAH/USD on the cash market over the week. The interbank exchange rate this morning is 41.43 UAH/USD.
U.S. Equities Rebound as Trump’s Key Appointments Spark Debate
On Wall Street, investor attention has shifted to Donald Trump’s comments regarding potential appointments to key regulatory positions. Speculation is particularly focused on the future chair of the Securities and Exchange Commission. The S&P 500 index recovered 1.7% last week after a significant correction the week prior.
POLITICS AND ECONOMICS
- Trump Eyeing Grenell for Ukraine-Russia Envoy Role
STOCKS IN THE NEWS
- MHP Beats Expectations Earning USD 96mn in Profit in 3Q2024
full reportThe National Bank of Ukraine has opened a special fundraising
account to support the Armed Forces of Ukraine. Please find more at the
National Bank’s official website under the link below:
www.bank.gov.ua
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