Bogdan Automobile ups car output 14.4% mom in July

Bogdan Automobile Plant (LUAZ) made 1,855 ths automobiles in July, an increase of 14.4% mom and decrease of 79.5% yoy. Yegor Samusenko: The slight growth in Bogdan’s output is positive, but we doubt its sustainability. The company will suffer in autumn from the termination of the additional 13% import duty on new cars. We don’t expect the July output figures to have an impact on its stock price.