Mongolian Economy and Finance: Credit Suisse Starts Winsway at ...

July 25 (ET Net) Credit Suisse initiated coverage on Winsway Coking Coal (01733) with a "neutral" rating and a target price of HK$1.2.

It believes Winsway's earnings will likely come off from its 2011 peak more severely than coking coal prices, driven by decreased coking coal prices, a squeezed GP margin and low transaction volumes in the current stagnant market. Hence, Credit Suisse believes the current share price is fair given the deteriorated earnings of Winsway.

Source: http://mongoliaeconomy.blogspot.com/2012/08/credit-suisse-starts-winsway-at-neutral.html

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