Li Heng Chemical Fibre (E9A.SG) is up 2.2% at $0.23 as company’s decision to be self-sufficient in securing raw materials raises hopes for better profit margins in long haul, says Dow Jones.
Gains, accompanied by modest volume, likely limited as impact won’t be felt near term since new plant won’t be ready till 4Q11. Resistance tipped at 50-day moving average, last at $0.245.
