Daryo wants to find out whether the UzAuto Motors shares sales are transparent and easy steps. The important thing is to do it by December 22.
Many people think that buying stocks is complicated, lengthy, and requires professional knowledge. In fact, it is not. Freedom Broker, the underwriter of the transaction, offers simplified and accelerated processes. In addition, it is also possible to win a Chevrolet Tracker when purchasing shares of UzAuto Motors via Freedom Broker.
- Open a brokerage account.
A brokerage account is used to buy and sell securities. It is convenient that many processes take place online.
- Deposit your money in the brokerage account via bank transfer or Payme, "Apelsin" applications.
- Order to buy UzAuto Motors shares.
This can be done through the Telegram bot: indicate the amount and the proposed price. The prices vary from 72,500 to 81,500 soums. On the day of the IPO, the entire amount of shares to be sold will be automatically distributed among the highest bidders.
The first purchase of shares always raises a number of doubts and questions. We have compiled answers to common questions.
Do UzAuto Motors' share sales comply with the integrity policy?
Yes. UzAuto Motors does not engage in prohibited activities (sale of prohibited products, provision of prohibited services). This year, the company passed the inspection of compliance with Sharia standards at AAOIFI.
AAOIFI is an accounting and auditing organization of international Islamic financial institutions. It develops and approves standards for Islamic banks and financial institutions worldwide. The certificate of integrity was provided by a Sharia auditor with the appropriate certificate.
Do you need a lot of money to buy shares?
No. The minimum price of the UzAuto Motors share is 72,500 soums, and the maximum price is only 81,500 soums. It is not possible to offer a higher price. At the same time, according to analysts' calculations, the real price of the share is 90,637 soums.
That is, now shares are sold at a discount of 10-25 percent.
The actual price was determined by Freedom Broker analysts based on the information provided by UzAuto Motors. For this, consultations were held with major investment houses such as Raiffeisen Bank and NATIXIS.
How to choose a broker? Is it reliable?
First of all, make sure that the broker has a license to provide services. Also, check whether this company is registered with the "Tashkent" republican stock exchange.
When you deposit your money, the fund will not be credited to the account of the brokerage company. It is kept in a special account of the NBU and is used only for the purchase of securities for the client. In this way, brokers cannot spend them as they wish.
Reputation in other markets gives additional confidence. For example, the underwriter of the deal, Freedom Broker, has an international credit rating issued by Standard & Poor's Corporation (grade – B, outlook – stable).
How should beginners choose an action?
Brokers help in understanding the stock market. Their analysts work to identify profitable securities and offer them to clients. Therefore, it is important to choose a competent investment consultant.
According to the interpretation of Global Banking & Finance Review, Freedom Holding's analysis department was recognized as the best in Central Asia. Also, the recommendations of the holding's analysts on the shares of Zoom Video and Beyond Meat were recognized as the most accurate in prestigious ratings such as Bloomberg Absolute Return Rank and Portfolio BARR Ranking.
Is it better to start with the securities of other companies or buy UzAuto Motors shares?
Analysts consider UzAuto Motors stock to be one of the most attractive stocks on the market. First, investors understand what percentage of profits they will receive as dividends. The automaker pegged it at 30 percent. In most companies in Uzbekistan, this percentage is not set.
Secondly, in 2023, UzAuto Motors will enter the foreign exchange. The demand for the stock and, accordingly, the prices will also increase.
Thirdly, the company has great potential - export markets allow sales and profits to increase. The company's products are in demand abroad. For example, UzAuto Motors cars are sold more expensively in Kazakhstan than in Uzbekistan, while occupying 35% of the market.
How to win a Chevrolet Tracker?
This can be achieved by buying shares of UzAuto Motors through Freedom Broker. For this, it is necessary to submit an application to participate in the game and buy shares worth 10 million soums. The winner will be determined by a random number generator.
It is expected that the application for the purchase of shares can be submitted only until December 22 (including this day), and from December 23, sales will begin.
For further information, please seek consult analysts or visit ipo.ffin.uz.
Any questions left? Get more information by calling 1135.
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