Macquarie more positive on China cement sector
Research house Macquarie is turning more positive on the cement sector and expects to see more signs of downstream demand recovery in mid-2013 following a recent market visit.
Anhui Conch
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Nomura cautious on China demand growth and average prices
Investment bank Nomura is bearish on China cement but is less positive than the market on 2Q13 and 2013 demand growth and potential average selling prices (ASP).
Anhui Conch earnings outlook raised, China
Despite Anhui Conch posting a 67 per cent YoY decline in third quarter net profit, Credit Suisse and Citigroup see an improved outlook for the Chinese cement major.
JPMorgan acquires 2.41m H-shares in Conch Cement
JPMorgan Chase & Co purchased 2.41 million H-shares in Anhui Conch Cement Co Ltd, a major cement producer in China, at HK$ 24.28 per share, a total value of HK$ 58.62 million, m...
Anhui Conch Cement sees strong September sales and output growth, China
The start of peak seasonal demand in China has boosted Anhui Conch's September sales and output as average prices register weekly gains.
Morgan Stanley sees China recovery from 4Q12
Morgan Stanley (MS) believes that the China cement industry showed some early signs for recovery,
China: first half profit concerns
With disappointing economic data emanating from China recently, a number of domestic cement producers have issued profit warnings for the first half of 2012 of between 30-50 per...
Gansu Qilianshan Cement issues profit warning
Gansu Qilianshan Cement Group expected its first-half net profit to fall at least 50 per cent YoY and follows warnings from other industry peers. According to reports in China K...
Anhui Conch issues profit warning, China
Anhui Conch warned on Thursday that it expects net profit for the six months ending June to decrease "considerably" YoY because of weaker demand for cement.
Daiwa reduces Anhui Conch price target, China
Daiwa Research reduced its target price for Anhui Conch to HK$23 from HK$29.5, and downgraded the stock to "hold" from "outperform".