China Kangtai Cactus Bio-Tech Inc (fka CKGT)

[tnzalu]

Tobacco Outlook 10/14/09

1014 GMT [Dow Jones] Credit Suisse upgrades the global tobacco sector to overweight from benchmark. Says tobacco prices are rising faster than those for any other US sector and are rising fourth fastest in Europe. Also adding money to defensives, having cut weightings recently in real estate, insurance and autos. Thinks earnings momentum over the last three months in tobacco has been better than the market and the sector looks oversold. Does not see the valuation as expensive any longer.