Medium Chemical fertilizer up 3% materials profit margin Merrill Lynch to buy

Source: Internet
Author: User
Keywords Profit margin Hong Kong dollar potash
Tags market view
The Chinese chemical fertilizer, which was up with the city this morning, has risen 3.04% to HK $3.39 and sold 17.76 million shares.  The Merrill Lynch report said it had increased its rating from the market to a buy, and that the target price had been sharply increased from HK $2.25 to HK $5, a hefty premium of 47% per cent. Merrill Lynch pointed out that, given that the potash contract price will fall 43%, with the inland urea and DAP/MAP fertilizer prices fall in line with the trend of expectations, the sales of Chinese chemical fertilizers will increase, and the government to intervene in the chemical fertilizer of potash to sell the possibility of profit margin has been reduced, potash profit margin will rebound to Thus, the expected earnings per share for the 2010 and 11 of the medium-chemical fertilizers were set to increase by 16% and 15% respectively.
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