BIOX Corp (TSX-BX) Rating Change

Date: 
Wed, 2012-10-31
Industry: 
Energy & Resources

application/pdf iconbiox-report-2012-10-31.pdf

Title: BIOX (TSX-BX) rating change - Downgrade to NEUTRAL from Overweight; deteriorating biodiesel and RIN markets lead to temporary shutdown at BIOX’s production

Synopsis: On October 25, 2012, BIOX announced the temporary shutdown of its Hamilton biodiesel production facility due to the oversupply of biodiesel in the market. We have adjusted out rating from Overweight to Neutral. We expect to provide further update on BIOX in December 2012 after the reporting of the company’s annual result.

Report length: 1 page (excluding legal disclaimer)

Authors: 
Miller Chu
Peter Fang, CFA