Cement News tagged under: BBMG Corp
Goldman positive on Eastern China markets23 April 2013, Published under Cement NewsGoldman Sachs said it remains positive on China's cement sector but continues to be regionally and stock selective. The investment bank expects further upside to cement prices in Eastern China, given its current lowest inventory across the regions, and least new capacity additions in the year, benefiting Anhui Conch and CNBM. However, Northern/Southern China's cement prices are already under pressure from high inventory/overcapacity. Goldman estimated NSP capacity to increase by 11 and 1... |
BBMG expects to post first-quarter loss22 April 2013, Published under Cement NewsChina-based cement producer BBMG Corp said it expects to record a loss attributable to shareholders of about CNY60m (US$9.7m) for the first quarter of 2013 compared to CNY294m profit in the same period of last year. The loss is attributed to lower selling prices in the areas in which BBMG’s subsidiaries operate due to lower demand. (Source: ET Net News Agency). |
JP Morgan lowers BBMG Corp target price, China29 August 2012, Published under Cement NewsJP Morgan has lowered its target price for BBMG Corp to HK$5.5 from HK$6.3 and maintained its ‘neutral’ rating. The research house says the weakness in the cement business was offset by BBMG’s robust property development business where revenue and gross profit both saw 42-44 per cent YoY growth. JP Morgan expects the stock to continue trading sideways although it might outperform its cement peers due to its property exposure. (Source: ET News Agency). |
BBMG Corp expects 1Q net profit drop, China23 July 2012, Published under Cement NewsBBMG Corp expects its net profit to fall 12.75 per cent in the first half of 2012 to CNY1.43bn (US$223.9m) due to declining cement prices amid weak demand. The company’s operating revenue was forecast to rise 14.84 per cent YoY to CNY15.02bn in the first six months, according to reports in China Business Knowledge. The Beijing-based cement producer earlier reported a net profit attributable to shareholders of CNY293m in the first quarter of 2012, 32.94 per cent less than the correspond... |