China XLX

China XLX - No recent news to highlight, apart from grp responding to SGX to clarify a few queries regarding its annual report. Apart from that, we note that market watchers have been tipping Chinese AGRICULTURAL-LINKED firms to potentially 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 fertilizer plays.