Kryukiv Wagon increases output by 22% in 5M11
17 June 2011
Kryukiv Wagon (UX: KVBZ UK) produced 4,337 freight railcars in 5M11, up 22% y-o-y, according to updated figures published by Interfax this week. In May, output was 902 freight railcars (in April – 900 units). Vitaly Gorovoy: Kryukiv’s 5M11 production figure is above our projections for the company. We confirm our bullish view on KVBZ (USD 5.79 target, 91% upside).
