 |
|
  |
2009-5-22 11:27:00 a.m. HKT, XFNA
DJ MARKET TALK: Cassava +9.2%; Laggard With Environmental Concept
|
| |
| 1116 [Dow Jones] Asia Cassava Resources (0841.HK) +9.2% at HK$1.43 with volume spiking to HK$32.0 million, already more than yesterday's full-day volume. Stock likely riding on alternative energy concept, which currently one of hottest punted sectors in HK; 3V Research says Cassava is largest exporter of dried cassava chips in Thailand, dried cassava is used as raw material for ethanol fuel, making stock "a laggard with environmental concept." Cassava listed March 23 with IPO price of HK$1.02, hit HK$1.66 peak on second day of list; such level likely tested in short term given volume spike, alternative energy concept.(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=tCnGkHTeWgmwPEzABnwFQg%3D%3D. You can use this link on the day this article is published and the following day.
(Delayed by 1 hour)
-0-
Copyright (c) 2009 Dow Jones & Company, Inc. |
| |
News Provided by XFNA |
| |
|
| Copyright(C) AASTOCKS.com Limited 2000. All rights reserved |
| |
|
|
|
