KVBZ Secure with Orders till May 2010
OREANDA-NEWS. December 30, 2009. According to Kryukovsky RailCar Plant press-service release, the Company is secure with orders till May 2010.
Millennium Capital: this news confirms our forecast of the Company’s sales growth in the next year (See Millennium Capital’s overview of this manufacturer). According to Millennium Capital’s estimates, an average monthly output of the Company will be at least 500 cars, and prices for railcars will increase by about 25% - which allows the Company to reach and estimated sales level of about USD 300mn in 2010. That is why Millennium Capital estimates the target price at USD 4.5 per share.
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