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China XD Plastics (CXDC) [hlAlert]

Rating:
Buy CXDC
down 6.44 %

China XD Plastics (CXDC) rated Buy with price target $10 by Canaccord Adams

Posted on: Tuesday,  Mar 9, 2010  8:25 AM ET by Canaccord Adams

Canaccord Adams rated Buy China XD Plastics (NASDAQ: CXDC) on 03/09/2010, when the stock price was $6.21. Since
then, China XD Plastics has lost 6.44% as of 10/29/2015's recent price of $5.81.
If you would have followed this Canaccord Adams's recommendation on CXDC, you would have lost 6.44% of your investment in 2060 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.

Canaccord Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/9/2010 8:25 AM Buy
None
6.21 10.00
as of 12/31/2010
1 Week up  20.76 %
1 Month up  16.33 %
3 Months down  -4.94 %
1 YTD up  2.09 %

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