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China XD Plastics (CXDC) [hlAlert]

down 27.19 %

China XD Plastics (CXDC) rated Outperform with price target $11 by Oppenheimer

Posted on: Friday,  Jan 22, 2010  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform China XD Plastics (NASDAQ: CXDC) on 01/22/2010, when the stock price was $7.98. Since
then, China XD Plastics has lost 27.19% as of 10/29/2015's recent price of $5.81.
If you would have followed this Oppenheimer's recommendation on CXDC, you would have lost 27.19% of your investment in 2106 days.

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.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/14/2011 8:25 AM Buy
as of 12/31/2010
1 Week up  20.76 %
1 Month up  16.33 %
3 Months down  -4.94 %
1 YTD up  15.69 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/16/2011 8:25 AM Buy
4.57 6.00
10/5/2010 8:25 AM Buy
5.48 5.50
1/22/2010 8:25 AM Buy
7.98 11.00

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