MICC publishes its equity research on Monos Foods JSC (MSE: MFC) with a BUY recommendation. Target price: MNT 90.97, implying a 10.32% upside from the August 19, 2025, closing price of MNT 82.46. Our outlook is driven by the company’s consistent revenue growth and stable market position within the food and beverage sector. The target valuation is supported by a blended methodology, incorporating a Discounted Cash Flow to Firm (DCF) analysis and EV/EBITDA multiples from comparable companies.

Full equity research available on Capital IQ (S&P Global Market Intelligence). For more information on MFC, a contact MICC at brokerage@micc.mn or (+976) 7011-2023.