Equity Stock Analysis Initiates Research Coverage of Dragon International Group with a Price Target of $0.60

DALLAS--(BUSINESS WIRE)--Equity Stock Analysis today announced that it has initiated coverage of Dragon International Group Corp. (OTCBB: DRGG) with a price target of $0.60 and a rating of "Speculative Buy" by Equity Stock Analysis (ESA). The report is authored by Senior Research Analyst Kris Gupta, CFA.

“Based on an estimated 64.5 million outstanding share count, the NPV per share is estimated at $0.60, which is our price target over the next 12 months. Target price of $0.60 marks a significant increase from the stock current trading price of $0.13.”

The full report is available at http://www.equitystockanalysis.com

In the report, Chris Gupta indicates, "Dragon International has a leading and established position in the production and distribution of high quality specialty packaging in China. The Company has begun targeting high growth, higher-margin industries such as the pharmaceutical and food services industries through its development of increasingly innovative products. Recent announcements related to pharmaceutical packaging developed by the Dragon International indicate that they have developed packaging solutions employing nanotechnologies. Nanotechnology implementation has been effected in combination with a large corporate technology partner.

"The basis of the Company's packaging industry growth is founded in the rapid expansion China continues to experience in its need for high quality packaging principally from three targeted areas: pharmaceutical packaging, the growth of the middle class consumer in China, and the growth of packaging in the dynamic export business of China. The Company has recently expanded sales into the highly profitable and rapidly expanding pharmaceutical packaging business in India."

Mr. Gupta renders his opinion on the value of the stock as follows: "Dragon International Group Corp. is expected to create value for its shareholders based on the rapid revenue growth from the sale of its specialty paper products and packaging materials. Based on the expected growth of the company in the next five years, discounted cash flow valuation yields a 12-month price target of $0.60.

"Based on an estimated 64.5 million outstanding share count, the NPV per share is estimated at $0.60, which is our price target over the next 12 months. Target price of $0.60 marks a significant increase from the stock current trading price of $0.13."

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