SMASH Receives Increased Number of Alchevsk Steelworks Orders
OREANDA-NEWS. October 22, 2009. According to Sumy NVO < SMASH UZ HOLD > press service release, the Company has shipped equipment for the two blocks of the gas-turbine station at Alchevsk Steelworks for a total worth of USD12mn.
More news about stable execution of orders is positive for the Company. However, taking into account the current situation at the Ukrainian stock market and in view our system of recommendations, Millennium Capital recommends to HOLD the stocks of this issuer (the current price is USD 6.53 per share).
Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of tickets selling for its flights due to high arrearage to the creditors of the company.
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