Dragon Capital in its recently distributed Equity Research “Agriculture in Ukraine. Leading player in World Corn Trade” confirmed “Buy” recommendation and set a 12-month target price of PLN 23.21 (USD 7.05) per Milkiland N.V. share (48% upside).
Milkiland plans to start the reconstruction of “Ostrowia” cheese plant facilities in November 2012.
On Thursday, 20 September 2012, Milkiland welcomed a group of 15 Polish and European investors at Mena cheese plant in Chernigiv oblast of Ukraine.
According to Federal Service on Customers' Rights Protection and Human Well-Being Surveillance (Rospotrebnadzor) 5 Ukrainian laboratories (3 in Kiyv and other 2 in Poltava and Cherkassy regions respectively) were certified by Rospotrebnadzor for testing cheese supplied to Russian Federation.