Anhui Conch outlook
HSBC has upgraded China-based Anhui Conch Cement to Overweight from Neutral, with an unchanged target price of HK$27.20.
Anhui Conch
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Citi cuts CNBM, Conch target price, China
Citi Group has cut the target price of Chinese players CNBM to Sell and Anhui Conch to Neutral and outlines the latter's latest moves in terms of suspended and new capacity.
Anhui Conch net profit falls 43.61%, China
Anhui Conch Cement said yesterday that its net profit dropped 43.64% YoY to CNY1.25bn in the first quarter of this year, due to falling cement prices and rising production costs...
Anhui Conch net profit up 87.8%, China
Anhui Conch announced an 87.8% rise in net profit YoY to CNY11.59bn (US$1.8bn) on the back of higher prices and sales.
Conch plans to start building Indonesian plant this year
China-based Anhui Conch Cement said it plans to begin construction of a new cement plant in South Kalimantan, Indonesia, later this year. Following a meeting with a delegation f...
Conch sees China demand rising, Indonesian plans proceeding ‘smoothly’
Chairman of Anhui Conch, Guo Wensan, has said that Chinese cement demand growing despite curbs on the housing market. Speaking to Dow Jones Chinese Financial Wire on the sidelin...
Indonesia to invest US$6.3bn in new capacity projects
Indonesian cement producers plan to invest IDR57trn (US$6.3bn) to raise domestic production, chairman of the Indonesian Cement Association (ASI) said. The Investor Daily reports...