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高盛上调中信资源(1205.HK)评级至买入，目标价升至2.7港元

Goldman Sachs raised the rating of CITIC Resources (1205.HK) to buy, and the target price rose to HK$2.7

高盛 ·  Feb 9, 2010 16:10  · Researches

Goldman Sachs raised the CITIC Resources (1205.HK) rating from neutral to buy, and raised the target price to HK$2.7. It is expected that by 2011, its crude oil production will double from 2009 to 12 million barrels, which will significantly improve return on investment and have the potential for spin-off. The future stock price will be driven by rising oil prices, the launch of the Hainan project, and news of a business spin-off. The risk is that oil prices will fall.

CITIC Resources fell 2.63% yesterday; closed at HK$1.85.

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