China Agritech affirms 2010 guidance, is downgraded to 'Sell'

Beijing-based fertilizer company China Agritech (CAGC.NASDAQ) said it expects to meet its financial guidance for 2010 but was nevertheless downgraded to "sell" by one analyst, AP reported. The company predicts annual revenues of US$114 million and adjusted net income of US$23.5 million. Analysts surveyed by Thomson Reuters expect revenue [...]

Full "China Economic Review: Daily Briefing" article