Le Lézard
Classified in: Science and technology, Business
Subjects: TNM, SVY

KGI Securities Initiates Coverage On Don Agro International With An Outperform Recommendation


SINGAPORE, July 29, 2021 /PRNewswire/ -- On 23 July 2021, the sell-side research arm of KGI Securities (Singapore) Pte Ltd initiated coverage on Don Agro International Limited ("Don Agro") and its subsidiaries (collectively the "Group"), one of the largest agricultural companies based in the Rostov region of Russia, with an Outperform recommendation and a DCF-backed 12-month target price of S$0.64. Read the full report at: http://donagroint.com/analyst-reports/.

Investment Thesis:

About Don Agro International Limited

Don Agro, together with its subsidiaries, is one of the largest agricultural companies in the Rostov region in Russia principally engaged in the cultivation of agricultural crops and production of raw milk. The Group has a total controlled land bank of 67,340 hectares, of which 54,420 hectares are arable land. The Group owns approximately 17,200 hectares of its controlled land bank. In addition, the Group is one of the top farms in terms of milk production in the Rostov region, and owns more than 4,000 heads of dairy cattle including approximately 2,200 milking cows. [http://donagroint.com/]

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