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China XD Plastics (CXDC) [hlAlert]

Rating:
Mkt Outperform
CXDC

China XD Plastics (CXDC) rated Mkt Outperform with price target $10 by Rodman & Renshaw

Posted on: Monday,  Sep 21, 2009  9:25 AM ET by Rodman & Renshaw

China XD Plastics (CXDC) rated
Mkt Outperform with price target $10 by Rodman & Renshaw.

China XD Plastics Co Ltd. (China XD), formerly NB Telecom, Inc., is a Chinese manufacturer of modified plastics for automotive applications. China XD is engaged in the development, manufacturing and distribution of modified plastics primarily for use in the automotive applications. China XD, through its wholly owned subsidiary, Harbin Xinda Macromolecule Material Co., Ltd. (Xinda), develops, manufactures, and distributes modified plastics. The Company's plastics are used in the exterior and interior trim and in the functional components of more than 30 automobile brands manufactured in China, including Audi, Red Flag, Volkswagen and Mazda. Xinda manufactures approximately 145 types of automobile-specific modified plastic products. On December 24, 2008, China XD acquired Favor Sea Limited, a British Virgin Islands corporation, through China XD Plastics Company Limited, wholly owned by the Company.

Rodman & Renshaw is a full-service investment bank dedicated to providing investment banking services to companies that have significant recurring capital needs due to their growth and development strategies. We also provide research and sales and trading services to institutional investor clients that focus on such companies. Since 2003, Rodman has been a leading investment banking firm to the biotechnology sector, a capital intensive market segment, as well as a leader in the PIPE (private investment in public equity) and RD (registered direct placements) transaction markets.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/21/2009 9:25 AM Buy
None
10.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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