Company Update
- We now believe that Sino Hua-An’s hope of returning to the black in FY12/10 is becoming frail, as: 1) The spread between the prices of metallurgical coal (input) and metallurgical coke (output) is likely narrow in the near term; and; 2) Prices of by-products, in particular, crude benzene and tar oil, are likely to remain soft on
the back of the lacklustre crude oil price movement.
RHB Equity 360 - 21 June 2010 (Sino Hua An, Timber, B-Toto; Technical: KKB Eng, AFG) - 21/6/2010
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