Juhayna Food Industries (JUFO.CA) is looking to borrow up to EGP300 million to fund 50% of its EGP600 million planned capex programme for 2016, which includes EGP250 million for overhauling machinery and acquiring new filling lines, EGP190 million to expand its dairy farms, and EGP160 million for its fleet and distribution centers. The company is looking to increase its herd of milking cows to 4,000 by end of 2016, which should provide 15% of its raw milk needs. If vertical integration proves successful, Juhayna will proceed to increase its herd to 8,000 cows by end of 2018. On another note, Juhayna announced that it would raise its selling prices gradually by 6%-7% in 2016 to pass on the direct impact of the EGP devaluation on the company’s raw material costs. (Al Borsa)   Juhayna: EGP6.97 as of 13 April 2016, Rating: Buy, FV: EGP9.50 per share, MCap: USD739 million, JUFO EY / JUFO.CA