Daiwa sees positive developments for China from 2H

Daiwa sees positive developments for China from 2H
Published: 13 July 2012

Tagged Under: China 

Analysts at brokerage Daiwa have said that while current cement demand in China does not look good and many local producers have issued profit warnings, macro data suggests that the country's overall economic conditions are holding up, and loosening measures by the central government are helping infrastructure and property investment to pick up gradually.

"We see positive developments for the China cement market for 2H12, especially when the rainy weather ends."

Daiwa suggests investors look forward and accumulate holdings as it expects a gradual recovery for cement prices, profit margins and earnings for 2H12-2013. (Source: Dow Jones Chinese Financial Wire)