OREANDA-NEWS. May 11, 2010. According to the recent Motor Sich <MSICH UK BUY> press-service release, the company has increased its Net Income by almost five times in January-March 2010, – to UAH 205.59mn as compared to the same period in 2009 and doubled its sales to the level UAH 966.38mn.

On the whole, this news is positive for the Company because it confirms the continuation of the positive dynamics of MSICH financial activities in 2010. Millennium Capital also points out that 1Q2010 Net Margin has exceeded its 4Q Net Margin, – 20.68% against 17.98%. Currently MSICH shares have a 44.76% discount to the target price for 2011 (USD 417.76 per share). You may found more detailed information about Millennium Capital forecasts in Trade Idea "Saving money for future".