XinRen Aluminium

XinRen Aluminium: Profit warning. Co. expects a net loss this qtr, on back of lower ASP’s and lower sales vol. Seperately on the Edge, Co’s chairman gives its comments after recent 21% stake acquisition in China leading International. Explain that lower energy costs from Xin Jiang will boost grp’s earnings, which grp has guidance that it can reduce total energy costs by 20%. Tip new acquisition in XinJiang to supply to mkts in central Asia and Russia, as they are nearer. While on domestic mkt, tips Aluminum demand to continue surging, based on China’s per capita consumption of the commodity which trails far behind that of developed economies. DBS has a Buy recommendation with $0.51 TP.