Li Heng Chemical Fibre - Deutsche Bank initiated coverage on Chinese nylon producer Li Heng Chemical Fibre with a buy rating and a share target price of S$1.40.
"Li Heng is a market leader of nylon yarn products in Chinaand we believe is now in a position to expand its production capacity to satisfy nylon demand in China," Deutsche analyst James Tan said in a note. Risks to the stock''s investment rating include a drop indemand for its products from Europe and the U.S.and negative publicity for fabric or garments made in China.
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