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Plastic components suppliers Post Reply Rate topic
Nostradamus Supreme	13-Oct-2006 17:52        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	CIMB-GK said plastic stocks continue to face pricing pressure despite falling oil prices, due to excess capacity in the industry. "We gather that recent drop in crude oil prices will not have an immediate impact on the earnings of plastic component manufacturers," CIMB-GK analyst Jonathan Ng said. "Also as some major customers are quoted on a cost-plus basis, material price movements would not have a significant impact on their earnings," he added. Crude oil prices stayed below US$60 despite rising on news of a sharper-than-expected drop in US heating fuel stocks ahead of an anticipated pick-up in demand during the Northern hemisphere winter. "We do not expect any positive newsflow for most plastic stocks for at least the next three to six months, and believe It is too early to turn optimistic on these stocks based on the recent weakness in oil prices," Ng said. CIMB-GK is keeping its "neutral" call on Meiban Group while reviewing its "outperform" rating on First Engineering and Huan Hsin Holdings in view of downside risks in earnings from depressed margins.
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Nostradamus Supreme	13-Sep-2006 19:55        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	First Engg too. This is the theme for the day. Meiban was mentioned in the first post.
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alto26 Member	13-Sep-2006 17:40        alto26 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So is Meiban. interesting.
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Nostradamus Supreme	13-Sep-2006 17:39        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fu Yu was also up $0.035.
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Nostradamus Supreme	13-Sep-2006 17:15        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Plastic components suppliers nudged higher on hopes that earnings will recover next year as lower oil prices could reduce the cost of raw materials including plastic resins, dealers said. "The worst could be over for plastic moulding companies with regards to margin contraction from higher plastic resin prices," UOBKH said in a note to clients. This should boost earnings at firms like Hi-P and Meiban in 2007, it said. Notebook castings manufacturer Huan Hsin and Sunningdale also gained.
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