Business Services Industry

Europe promotes optimism at PaperlinX.

Australasian Business Intelligence, July, 2006

Byline: Tracy Lee

Jul 11, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Some analysts believe the fortunes of Australian-listed PaperlinX could be about to shift. During 2005, the paper company was considered one of the worst-performing stocks on the benchmark S&P/ASX 200 index. However, in mid-2006, ABN Amro analyst Richard Johnson and Merrill Lynch analyst Campbell Morgan have upgraded their recommendations on the stock from "hold" to "buy", due to improved conditions in Europe. PaperlinX CEO, Tom Park, anticipates the price of copy paper in Europe will rise and is specifically hoping for an increase of between three and five per cent for uncoated paper grades. The group is scheduled to announce its results on 22 August.

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