CNBM - February 2014

HSBC has maintained CNBM as “overweight” as a recent report from the bank forecasts cement prices in China to grow by 10 per cent and five per cent in 2014 and 2015, respectively. According to the report, China’s lower coal prices will help the country’s cement producers boost their gross profits by as much as 60 per cent in 2015, compared to 2012. Over the next two years the bank predicts that the compound earnings growth of the cement sector would reach 35 per cent.

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