OREANDA-NEWS. May 17, 2010. According to the recent press-service released by Mostobud <MTBD UZ HOLD>, the Company has posted UAH 1.153mn Net Income and UAH 701.83mn sales in 2009, the 2009 sales amounting to a 30.24% drop as compared with the 2008 performance.

The announced financial performance is practically in line with Millennium Capital’s forecasts of the Company’s operations in the period. Millennium Capital also points out its HOLD recommendation of this issuer’s stock, because the current MTBD price has almost achieved its 2010 target price level (USD 82.67 per share) – its upside being equal to 6.1%. (You may find more detailed information about Millennium Capital’s forecasts in our Trade Idea "Staying hung up".)