XinRen Aluminium

XinRen Aluminium: On back of rising Aluminium Prices reaching 2 yr highs, DBSV reitereates Buy Call on the aluminium smelter with a $0.70 TP. Note that XinRen is trading at undemanding valuations of 4.7x FY11 PE vs peers average of 21.2x, which is unjustified. Co. is scheduled to report results on 28th Feb, in the morning, and has guidance that 4Q10 results will be even stronger than 3Q10