Juhayna to invest EGP300mn in its new dairy farm over two years
Juhayna Food Industries (JUFO.CA) is looking to invest EGP300mn over two years to complete the second phase of its four-phase dairy farm with a total capacity of 16,000 milking cows (total herd size of 30,000). The farm currently has 1,600 milking cows and will reach 4,000 by end of 2016 (expected production capacity of 45,000 tonnes of milk per year). Juhayna will use the dairy farm to secure part of its raw milk needs. (Company disclosure) Juhayna: EGP7.05 as of 17 May 2016, Rating: Buy, FV: EGP9.50 per share, MCap: USD747 million, JUFO EY / JUFO.CA
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