UBS maintains the International Resources (1051.HK) buy rating, with a target price of HK$0.68. According to UBS, International Resources recently released an update on the Martable gold project and concluded that torrential rain in the first quarter of 2010 caused instability in the foundation and decided to relocate several plants. Ruixin believes that this will increase costs and delay production, and specific plans are being developed. According to UBS, no financing is expected, and the project is expected to be put into operation in the fourth quarter of 2011. The stock fell 1.19% throughout the day to close at HK$0.415.
瑞银维持国际资源(1051.HK)买入评级，目标价0.68港元
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