Cement News tagged under: China Resources Cement Holdings

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Sri Lanka: Holcim exit causes tension with China and India

08 July 2016, Published under Cement News

The possible takeover of Holcim Lanka Ltd by China Resources Cement Holdings Ltd, a subsidiary of the state-owned China Resources Group, is expected to cause tension with India as the world's largest cement-producing country extends its influence on the island. With strong current positions in the Colombo and Hambantota harbours, this deal would also give China a presence in Galle and Trincomalee in addition to consolidating its presence in Colombo. Holcim presently owns the Ceylon Ambuja...

China: UBS lowers CRC target price, earnings estimates

30 June 2015, Published under Cement News

UBS Global Research lowered its target price for China Resources Cement (CRC) to HK$4.8 from HK$5.3, and maintained its 'neutral' rating. The research house said CRC has underperformed the Hang Seng China Enterprises Index (HSCEI) by 39ppt over the past six months, which it attributed mainly to stretched fundamentals in its key market of southern China. Year-to-date, the average selling price (ASP) of cement in Guangdong and Guangxi provinces has dropped 23.9 per cent in 2015 to CNY295/t (...

China Resources to meet with investors ahead of planned bond issue

21 September 2012, Published under Cement News

China Resources Cement Holdings Ltd (CRC) is to meet fixed-income investors in Asia and Europe from Monday-Wednesday next week, ahead of a planned five-year dollar bond offering, according to reports by Dow Jones Newswires Friday. CRC will hold meetings in Hong Kong Monday, Singapore Tuesday and London Wednesday, a source disclosed to Dow Jones. The bonds will be supported by a standby letter of credit from DBS Bank, the sole global coordinator, the person added. CRC, a unit of state-owne...