Kryukiv Wagon ramps up output by 19% y-o-y in 1H11
14 July 2011
Kryukiv Wagon (UX: KVBZ UK) produced 5,157 freight railcars in 1H11, an increase of 19% y-o-y, Interfax reported yesterday. June output was 820 units. Vitaly Gorovoy: Kryukiv Wagon’s 1H11 production figure is slightly above our expectations for the company, and is the result of the plant operating at full capacity during the period. We confirm our bullish view on KVBZ: USD 5.79 target, 96% upside.
