0857 [Dow Jones] STOCK CALL: Credit Suisse raises Incitec (IPL.AU) 12-month target price to A$155.00 from A$109.50 to reflect rising fertilizer prices. "We believe in stronger for longer (phosphate) fertilizer prices," CS says in client note. "This is driven by no new material capacity coming online until CY11/CY12, increased capital construction costs (and therefore higher prices to justify new investment), increased global demand and material increases to the marginal cost of production for nonintegrated players (phosphate rock in particular)." Keeps outperform. "We believe IPL's share price still does not capture 'stronger-for-longer' fertilizer prices or the option value with regards to future growth initiatives." Last trade A$131.00. (ABH)
- Forums
- ASX - By Stock
- AEV
- why mak is the real deal
why mak is the real deal, page-12
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AEV (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.14M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
AEV (ASX) Chart |
Day chart unavailable
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online