Australian Market Report of August 13, 2010
The Australian stock market is higher in morning trade, despite that Wall Street recorded falls for the third consecutive trading day.
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Food & Beverage
Australian Market Report of August 11, 2010
The Australian stock market opened lower on Wednesday after US stocks dropped and oil and metals prices slipped overnight.
Fufeng Group (HKG:0546) Research Report Produced By Kim Eng Securities (BAK:KEST)
Fufeng Group (HKG:0546) (PINK:FFNGY) releases research report produced by Kim Eng Securities (BAK:KEST).
Australian Market Report of July 7, 2010
The Australian shares rebounded strongly from early losses on Tuesday, helped by the Reserve Bank of Australia's decision to keep interest rates steady at 4.5 per cent. At the close, the benchmark S&P/ASX200 index was 54 points, or 1.3 per cent higher, at 4276.1, after hitting a 12-month low at opening. The broader All Ordinaries index gained 49.1 points, or 1.2 per cent, to 4299.7.
Fufeng Group (HKG:0546) Research Report Produced By Royal Bank of Scotland (RBS) (NYSE:RBS)
Fufeng Group (HKG:0546) Research Report Conducted By Royal Bank of Scotland (RBS) (NYSE:RBS). Fufeng is China's largest glutamic acid and second-largest MSG producer. We forecast an earnings CAGR of 20% for FY10-12, driven by capacity expansion and increasing cost savings. We initiate with a Buy rating and a HK$7.10 target price.
CSR (ASX:CSR) Sells Asian Business to Rockwool for A$128M
CSR Limited (ASX:CSR) said Tuesday it has entered into an agreement to sell its Asian Business to Danish stone wool producer Rockwool Group for A$128 million.
Australian Market Report of July 6, 2010
The Australian share market gave up its early gains to finish 0.3 per cent lower on Monday while Asian markets were weaker. The benchmark S&P/ASX200 index was down 16.6 points, or 0.39 per cent, at 4,222.1, while the broader All Ordinaries index shed 14.3 points, or 0.34 per cent, to 4,250.6.
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