 |
|
  |
2009-7-8 10:18:00 a.m. HKT, XFNA
DJ MARKET TALK: UOB Starts Fushan Energy At Buy
|
| |
| 1009 [Dow Jones] STOCK CALL: UOB KayHian starts Fushan Energy (0639.HK) at Buy with target price of HK$8.00. Says company has replaced Hidili (1393.HK) as larger of 2 operating coking coal companies listed in Hong Kong after it acquired 3 mines in Shanxi last year. Says outlook for coking coal - which used in steel production - has improved as steel output forecast +3% this year. Says 1% change in clean coal prices would change Fushan's 2009, 2010 net profits by 1.2%, 2.1% respectively, vs Hidili's 0.9%, 0.3%. Shares last off 2.8% at HK$4.24. (YWM) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(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 |
| |
|
|
|
