OREANDA-NEWS. April 05, 2010. According to Mr. Khvorost, the CEO of Kryukovsky Railcar Plant <KVBZ UK BUY>, the Company is to supply 15 passenger railcars to Byelorussia. KVBZ has already shipped two passenger railcars to date. In addition to this, the Company is to supply 40-50 units of freight cars per month on average in 2010. He also mentioned the expectations of orders by Ukrzaliznytsia, – they may reach about 60 passenger railcars and 1,000 freight cars.

Millennium Capital: this news is positive for KVBZ and confirms our forecasts about a growth in demand for the Company’s products. (You can find more detailed information on this subject in Millennium Capital Trade Idea "Stable Growth"). At the moment, the current price is USD 3.32. The target price is USD 4.5 per share. Millennium Capital gives BUY recommendation because an upside of the Company’s shares is 36.4%.