Medium chemical fertilizer Rose 1.5%uob to buy 5.2 yuan

Source: Internet
Author: User
Keywords Hong Kong dollar potash
Tags higher higher than market outlook started upgraded
The Chinese chemical fertilizer started to rebound early this morning, and the share price rose by 1.49% to HK $4.1 a half, trading 12.1 million shares.  The UOB report said it raised its rating from selling to buying, raising the target price from HK $3.6 to HK $5.2, the equivalent of a 2010 earnings ratio of 18 times times higher than the market premium of 27%. UOB that potash prices are expected to rebound next year, and the market is now looking to the 2010 outlook. The 2010-11-year profit forecast is up 22% to 29%, respectively, given the expected average selling price of potash fertilizer, which has been upgraded. The Chinese chemical fertilizer has not yet been fully valued because of its leading position in the fast-growing China market and, based on new expectations, estimates that the 2010 price-to-earnings ratio is 13.9 times times, with 18 times times the domestic industry and 10 times times the international peers. However, the announcement of weak 2009 interim results will trigger short-term selling pressure.
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