Fufeng Group (HKG:0546) 2009 Result In Line With Expectations, 2010 TP Raised To HKD 7.52 With Buy Rating

  Hong Kong, China, April 27, 2010 - (ABN Newswire) - Fufeng Group (HKG:0546) (PINK:FFNGY) released its 2009 result. The company's 2009 result was in line with our expectation. The revenue, net profit and EPS were RMB 4632.88Mn, 928.29Mn and 0.56, while our forecast were RMB 4682.98Mn, 927.99Mn and 0.56.Starting in 2010, the company will use all of its glutamate acid to produce MSG, the company will focus on selling MSG to consumers in the future.  

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