BBMG Corp expects 1Q net profit drop, China
BBMG 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 operati...
China
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Xinjiang Tianshan Cement to issue CNY400m of bills
Xinjiang Tianshan Cement Co Ltd said it plans to issue CNY400m (US$62.7m) worth of unsecured short-term bills with a maturity of 365 days on July 24th. Shanghai Pudong Developme...
Daiwa cuts Shanshui Cement, China
Daiwa Research has lowered its price target for China Shanshui Cement to HK$4.2 from HK$8.7 and downgraded its stock from ‘outperform’ to ‘buy.’ Shanshui has revised down its ta...
Deutsche Bank cuts Shanshui Cement forecast, China
Shanshui Cement has lowered its 2012 sales target for blended cement and clinker to 55Mt from 65Mt mainly due declining sales in Shandong, Deutsche Bank reported. The bank has c...
Macquarie lowers TCC Int’l price target, Taiwan
Investment bank Macquarie has lowered its target price for Taiwan Cement Company (TCC) International to HK$2.4 from HK$4.2, and maintained its "outperform" rating. The house cut...
Jidong Cement shares acquired, China
Jidong Development Group bought additional 698,300 shares in Jidong Cement on the secondary market, accounting for 0.05% of the total outstanding shares in the listed arm. The c...
Jiangxi Wannianqing forecasts 80% net profit drop, China
Jiangxi Wannianqing Cement Co Ltd, a Jiangxi Province-based producer of cement and clinker, said it expects first-half 2012 net profit to plummet 80 per cent to CNY54-63m (US$8....
Daiwa sees positive developments for China from 2H
Analysts at brokerage Daiwa have said that while current cement demand in China does not look good and many local producers have issued profit warnings, macro data suggests that...
Huaxin Cement expects H1 net profit to drop 50%, China
Huaxin Cement Co Ltd, in which Holcim holds an approximate 42 per cent stake, has become the latest Chinese producer to issue a first-half profit warning. The Hubei Province-bas...
Tianshan Cement forecasts 60-80% drop in 1H profits
Xinjiang Tianshan Cement Co Ltd said last Friday that its net profit fell 60-80 per cent to CNY120m (US$18.8m) in the first half of this year. The company, which is based in the...