Sinochem Fertilizer (0297.HK)'s annual operating performance up to the end of December last year will record a marked increase and turn a loss into a profit, thanks to strict control of market risks. At the same time, various measures have been taken to open up resources and save money, reduce costs and increase efficiency, and improve management. The company lost 476 million yuan in 2013 and turned into a profit of 138 million yuan in the middle of last year. Bank of America Merrill Lynch believes that since increasing its holdings in Qinghai Salt Lake, Sinochem's stock price has risen 32%. Based on the increase in value, synergy, and profit per share, it is still recommended to buy, and the target price has risen sharply by 40% to HK$2.