Stock Name: China XLX
Company Name: CHINA XLX FERTILISER LTD.
Research House: CLSA
“The recent underperformance compared with regional peers is unjustified, with the market overly fixated on rising input costs...we expect the main earnings driver in 2011 to be rising urea and methanol prices.”"
Company Name: CHINA XLX FERTILISER LTD.
Research House: CLSA
CLSA starts China XLX Fertiliser (B9R.SG) at Buy with a target price of $0.63 as China’s lowest-cost coal-based urea and compound fertilizer producer seeks to double annual capacity to two million tons by the 2013 calendar year.
“The recent underperformance compared with regional peers is unjustified, with the market overly fixated on rising input costs...we expect the main earnings driver in 2011 to be rising urea and methanol prices.”"
Adds China XLX will benefit from strong demand for urea and compound fertilizers. The stock is up 1% at $0.505.
No comments:
Post a Comment