Personal opinion on Anchun 18 Mar 11
Pursuant to the short write up on Anchun on 14 Feb, Anchun has dipped from $0.215 on 14 Feb 11 to $0.180 on 18 Mar 11, in tandem with the slide in the equity markets, especially in the small caps. For new clients who have not read my previous write up on Anchun, I have included a description on Anchun below.
Description of Anchun
Anchun is a leading integrated chemical systems engineering and technology solutions provider to the PRC petrochemical and chemical industries, in particular, manufacturers of ammonia and methanol based products. It has three divisions, viz.:
1. Chemical systems engineering and technology design services (“CET”): Designs the production system (e.g. production system for ammonia)
2. Chemical systems & component manufacturing (“CSC”): Produce chemical equipment such as pressure vessels; heat exchangers & separation equipment etc)
3....
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