Sasol Ltd was cut to neutral from buy at UBS AG after the world’s biggest maker of motor fuel from coal said earnings would fall in fiscal 2010.
Mr Simon Kendall a Johannesburg based analyst wrote that “Based on current market conditions and Sasol’s assumptions of oil and product prices, weak but improving chemical and product demand and a stronger rand to the dollar, Sasol guide earnings down in fiscal 2010.”
(Sourced from Bloomberg.net)
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