Kovelmoloko to increase its market share to 5% in 2008

According to Interfax, Kovelmoloko (KMOL: BUY) said it plans to grow its share of the dairy product market from 3.4% in 2007 to 5% in 2008. The company is targeting a 5% share of the domestic milk market, 4.8% of the kefir market, 8.3% of the sour cream market, 5.7% of the processed cheese market and 3.6% of the butter market. Oksana Lyashuk: The company’s plans are more optimistic than our expectations: we forecasted Kovelmoloko’s share of the dairy product market would reach 5% in 2009. We confirm BUY for the stock.