Central China Securities Co.Ltd(601375) gives Huafon Chemical Co.Ltd(002064) buy rating: the boom of spandex promotes the performance to increase greatly, and the adipic acid business can be expected in the future

According to the research report released on January 28, Central China Securities Co.Ltd(601375) gave a buy rating of Huafon Chemical Co.Ltd(002064) (002064.sz, latest price: 9.42 yuan). The reasons for rating mainly include: 1) the boom of main products promoted the sharp increase of performance, and the boom of spandex fell in the fourth quarter; 2) The long-term prospect of spandex industry is promising, and the company actively expands production and improves market share; 3) The downstream demand for adipic acid is strong, and the boom is expected to continue to rise. Risk tip: the product price has fallen sharply and the progress of new projects is lower than expected.

AI comments: Huafon Chemical Co.Ltd(002064) got two research reports from securities companies in the past month and bought two.

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