Matter: the Ministry of Commerce issued notice No. 80 of 2009, announcing the preliminary decision on the anti-dumping investigation of nylon 6 chips imported from the United States, the European Union, Russia and Taiwan. As of October 20, 2009, a deposit will be levied on the products imported from the above-mentioned countries and regions. The investigation organ will make a final ruling based on the results of further investigation.

Main points:

First, the expected impact of anti-dumping on the price of nylon 6 slices: based on the average margin collection ratio stipulated in the initial cut, the price per ton of nylon 66 slices imported from the countries involved will rise by 5000 to 6000 yuan.

Second, Meida shares have an annual output of 180000 tons of nylon 6 chips. Meida lost 0.38 yuan last year and made a profit of 0.05 yuan for half a year this year. The forecast profit for 2009 is 0.18 yuan and 0.25 yuan in 2010. the current share price is 5.12 yuan, with a price-to-earnings ratio of 34 times. Because anti-dumping is a long-term good for the company, give the recommended buy rating.