Hong Yuan Holding Group (HGYN)

[tykundegex]

Harbinger Research Initiates Coverage on Cereplast, Inc. With Strong Speculative Buy Rating

http://www.marketwatch.com/story/harbinger-research-initiates-coverage-on-cereplast-inc-with-strong-speculative-buy-rating-2010-04-20?reflink=MW_news_stmp

Some excerpts from the report:

"Strong Speculative Buy"

"Global Plastics Industry Exceeds US$2.5 Trillion; Bioplastics Have Become Fundamentally Competitive but still Have Only 0.1% Global Market Share. Extreme Industry Growth Is Probable."

"Cereplast is Well Positioned to Benefit from Growth in the Bioplastics Industry"

"Its bioplastic resin formulations are protected by approximately 50 patents, and it has recently made strong inroads with major customers and prospective strategic partners."

"Despite Cereplast’s position as an emerging leader in a hyper-growth industry, the Company’s total market capitalization is just over US$50M. The Company has no long-term debt and has recently made significant progress on multiple fronts"

"We believe that CERP shares represent an excellent investment opportunity at these levels, and are therefore initiating coverage of CERP shares with a Strong Speculative Buy rating."