Harbinger Research initiates coverage on China Shuangji Cement Ltd

Harbinger Research initiates coverage on China Shuangji Cement Ltd
Published: 04 March 2010

China Shuangji Cement, Ltd, a leading producer of high-quality Portland cement in Shandong and Hainan Provinces in the People’s Republic of China, today announced that Harbinger Research, LLC, an independent equity research firm, will provide research coverage on the Company.

"We are very optimistic about the future of our company and the cement industry in China, which is underpinned by solid fundamentals and the largest stimulus package the world has ever seen," said Mr Wenji Song, Chairman and President of China Shuangji Cement, Ltd. "We believe that right now is the best time to help Wall Street truly understand the exceptional value that our business represents as we enter into a period of rapid growth and expansion driven by substantial demand for our product for many years."

Brian R Connell, CFA, a Harbinger Research Senior Analyst, stated that, "China Shuangji Cement, Ltd is presently undervalued compared to comparable companies and should benefit from China’s future growth for many years to come. We have given the company a ’Buy’ rating and anticipate that the shares could appreciate about 100 per cent to US$1.10 in the next 12 months."