That good old Citi report is getting plenty of airplay. I suppose that's the objective when you come up with something sensational. Wether it's believable or not is of little consequence to the mass media. Nor to Citi - as long as it gets coverage and sells!
Always check if the analyst (this guy is Ed Morse) is good or not. As an indication - his last FMG review (11 months ago) had them a screaming buy and valued north of $5.00. The Citi analysts don't seem to be too far in front of the game to me - obviously there are plenty better reports that can be relied upon.
Oh well, at least they are in the news for a day or so and the Citi brokers got to call a few clients. Mission accomplished!
Dalian Futures, page-27
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Last
$16.82 |
Change
-0.500(2.89%) |
Mkt cap ! $51.78B | |||
| Open | High | Low | Value | Volume |
| $17.11 | $17.23 | $16.81 | $252.2M | 14.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13676 | $16.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.83 | 350 | 1 |
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| FMG (ASX) Chart |