Medium chemical fertilizer against the city up 5% UBS earnings big increase first comment buy

Source: Internet
Author: User
Keywords Hong Kong dollar potash
The Chinese chemical fertilizer, which was lost after a good innings this morning, Rose 4.6% to HK $4.32, trading 67.37 million shares.  UBS issued a report saying the initial rating given to the unit was a target price of HK $5.9, at a premium of 37% per cent for the market. UBS, which expects a 80% per cent increase in Chinese chemical fertilizers in 2010, is the first in the global agricultural Fertiliser unit to be included in the study, based on expectations that the potash market in 2010 was tighter than the supply in 2008 and 2009. Potash sales are expected to rise nearly 2008-year levels, from 9% to 12% in 2010, and sales will rise 42% from the previous year.
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