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Oceanus Group Limited

Results in line, expect a stronger 2H09.No change in forecasts or assumptions.Maintain HOLD, Target Price raised to S$0.38.Oceanus’ 2Q09 results were in line with our expectations.For 1H09, fair value gain from biological assets increased 34% y-o-y to RMB298m, though sales of aquaculture products declined 24% y-o-y to RMB139m. This was mainly due to ...

 

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