CJ Fertiliser/Anchun/XLX Fertilizer

Agriculture / Fertilizer plays – Changjian Fertilizer, Anchun, China XLX & China Farm Equipment: CHINESE AGRICULTURAL-LINKED firms could reap a bountiful harvest from recent announcements from Beijing in strong support of the world’s biggest country’s farming sector. China's new govt issued its first policy doc for the new yr which stresses the importance of developing modern agricultural techniques to boost livelihoods in rural areas. Authorities in Beijing said ensuring grain security and the supply of major farm products will always be a top priority in China's development of modern agriculture. Efforts will be made to strengthen agricultural infrastructures and increase production efficiencies, and the govt should implement while further improving ‘the strictest rules’ on farmland protection. This comes as welcome news for SGX listed, Changjiang Fertilizer, Anchun, China XLX Fertilizer and China Farm Equipment, whereby the emphasis on “increasing production efficiency” will be a boon to the three fertilizer plays. CJ Fertiliser - produces nitrogenous fertilizer for use in rice paddies, as well as liquid ammonia and methanol, and to help meet anticipated demand growth, the firm has brought on-line three recent pickups: a production facility from DaDi Chemical Co Ltd, a 40,000-ton capacity plant in Xiangyin County, Hunan, and another plant from Handan Chemical Co Ltd. Anchun - Managed to boost its 3Q rev by 4.3% to 40.3m yuan despite China’s slower economic growth and what mgt called a “challenging business environment. The emphasis on agricultural productivity and the pledged support for the sector from Beijing will certainly be music to the ears of Anchun’s shareholders. XLX Fertilizer - SG and Hong Kong-listed XLX Fertilizer has seen very strong share performance of late. XLX’s Hong Kong-listed shares have been among the bourse's top performers since Dec.