Continue to 'add' Jiutian Chemical Group on higher ASP: CGS-CIMB
Jeffrey Tan • • 2 min read
The asking price for dimethylformamide in Southern China was RMB10,200 a tonne, says CGS-CIMB in quoting Oilchem.net.
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CGS-CIMB Research has kept its “add” rating for Jiutian Chemical Group given that the average selling price (ASP) of the company’s chemical products is expected to be strong ahead.
The brokerage, however, has lowered its target price for the stock to 13.5 cents from 14.5 cents previously.
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