Fufeng Group (HKG:0546) Releases A Research Report - Average Selling Price Sustains Well At High Level

  Hong Kong, China, May 13, 2010 - (ABN Newswire) - We (PiperJaffray - (NYSE:PJC)) reiterate our Overweight rating on Fufeng Group (HKG:0546) (PINK:FFNGY) after its release of 1Q10 operation updates. Thanks to healthy Average Selling Price (ASP) trends and capacity expansion, Fufeng's profit margin and revenue growth are on track to deliver our earnings estimates (+11%/30% in FY10E/11E).  

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