For the first time, HSBC gave Sunshine Oilsands (2012.HK) a higher rating, with a target price of HK$4.50.
HSBC said that timid people are not suitable to invest in early-stage oil sands companies, but HSBC believes the stock provided deep value after falling 40%, especially when Sunshine Oilsands has gained more reserves and has begun to confirm its ability to execute and obtain more credit.