« Pacific Andes (1174 HK, HK$1.53): South Pacific expansion going well | Main | RCG Holdings Ltd. (802 HK): RFID/biometrics leader in China and Asia- BUY (int. coverage) »
Wednesday
04Nov2009

Fufeng (546 HK): light of market equilibrium -BUY (unchanged)

DateWednesday, November 4, 2009 at 9:47AM

 

Key points:

- 250,000 tonne corn procurement from government approved

     with potential gain of RMB57.5m in 4Q.

- Surphuric acid, ammonia and coal cost dropped in 3Q.

- MSG price driven by corn price.

- Earnings estimates penciled up 22.1% for FY12/09F.

- New target at HK$4.86.

- Fair value at HK$5.74 under new market-equilibrium scenario.

Fufeng: light of market equilibrium

AuthorVAYUE.com Team | CommentPost a Comment | | | Print ArticlePrint Article
tagged , in

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>