China National Building Materials - September 2013


Despite reporting a 33.2 per cent jump in revenue in 1H13, China National Building Materials (CNBM) has had its target price significantly reduced by Macquarie this month from HK$18 to HK$8. The research house has also downgraded the cement producer’s stock from “outperform” to “neutral”.

To continue reading this story and have 100% free access to the CemNet.com website, please Register for a subscription to International Cement Review or Login