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PHR - HOLD - Improved product mix underpins earnings growth - Initiation

Company Research •

30 Mar 2011

Improved product mix underpins earnings growth: Our NR price forecast is USD3,500/ton for 2011F (spot price USD4,660/ton for CV60) and USD3,150-3,343 for 2012F-2015F.
Tags: PHR

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