OREANDA-NEWS. On 25 January 2008, Troika Dialog issued the initiating equity research on ASTARTA Holding N. V.  DCF model produces upside of 22% to the 12.month target price of $14.74 per share, warranting a BUY recommendation.

This recommendation is backed by the expected growth of the Company revenues by 27.6% in 2008 and 32.7% in 2009, boosting net income a respective 10.1% and 34.8%.

The report reads that leasing more land (by 18.4% in 2008) will boost ASTARTA Holding’s net revenues and profitability through vertical integration, as well as increasing sugar beet yields by 10% will also boost net income.
Analysts also indicate that ASTARTA Holding N. V. is one of the most efficient Ukrainian sugar producers.