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realfast95

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realfast95

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Wednesday, 08/10/2011 9:21:42 AM

Wednesday, August 10, 2011 9:21:42 AM

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ROTH - YONG: 2Q Beat Clouded by High Capital Needs and Concerns Over Outlook We remain concerned on YONG’s aggressive expansion strategy and demand of intensive capital to support its growth. MSPEA’s investment brings additional dilution and uncertainties as the company is still awaiting government approval on the coal mine acquisition. Maintain NEUTRAL rating and cut PT to $4.50.
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