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Li Heng Chem Fibre Tech rated ‘buy’ by OCBC

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OCBC Investment Research in an Aug 16 research report says: “Li Heng Chemical Fibre (LHCF) showed continued improvement in 2Q10 as expected, with revenue jumping 63.7% y-o-y and 30.6% q-o-q to RMB741.9 million, aided by improving demand and higher ASPs for nylon yarns on the back of an improved textile and garment industry.

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