JP Morgan lifts stake in Anhui Conch
JPMorgan Chase & Co purchased 2.05 million shares (a 0.16 per cent stake) in Anhui Conch Cement Co Ltd on 17 October, increasing the stake to 12.12 per cent, according to the Ho...
China
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Daiwa raises CRC target price, China
Daiwa Research raised its target price for China Resources Cement (CRC) to HK$6.6 from HK$5.95, and retained its "buy" rating. The research house cited management noting that th...
China: new measures to curb overcapacity
China has announced new plans to curtail overcapacity that is persisting in a number of sectors and is offering fiscal incentives to encourage the removal of obsolete capacity.
China production rises in first eight months
China's cement and clinker production totalled 1.52bnt and 888Mt in the first eight months of 2013, up 9.2 per cent and 5.2 per cent respectively from the same period of a year ...
Jianxi Wannianqing expects significant rise in 9M net profit
Jianxi Wannianqing Cement said it expects net profit to surge in the first nine months of this year compared to the same period of 2012 due to an increase in sales and lower pro...
Positive view on China Resources-Fujian Energy collaboration
Daiwa Research holds positive view on China Resources Cement's agreement with state-owned Fujian Energy to jointly develop and expand the cement and concrete business in Fujian ...
HSBC cuts target price for China Shanshui Cement
HSBC Research cut its target price for China Shanshui Cement to HK$3 from HK$4.2, and downgraded the stock from "overweight" to "underweight".
Gansu Qilianshan Cement expands into Gansu province, China
Gansu Qilianshan Cement Group Co Ltd plans to invest CNY265.59m (US$43.4m) to acquire a 100 per cent in Longran Runji Cement Co to expand into the Gansu province market. Runji C...
Tieling Cement Co improves dust control efficiency, China
NF Energy Saving Corporation has recently delivered eight of its PPC128-2 air box pulse bag dust collectors to the Tieling Cement Company owned by the Northern Heavy Industries ...
TCC expects sales increase in China and Taiwan
Taiwan Cement Co (TCC) said it expects shipments to China to increase by double-digits this year due to strong infrastructure demand while domestic shipments are also forecast t...