China consumption far from peaking – comment
Daiwa investment bank says China's cement demand is "still far from peaking," as it expects policy loosening to accelerate construction activity, resulting in an uptrend in ceme...
China
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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".
Anhui Conch outlook
HSBC has upgraded China-based Anhui Conch Cement to Overweight from Neutral, with an unchanged target price of HK$27.20.
China to fast track infrastructure investment to spur growth
China will fast track approvals for infrastructure investment to combat a slowdown in the economy, state-backed China Securities Journal reports.
Fujian Cement to inject CNY950m into subsidiary, China
Fujian Cement Inc is to jointly invest with its second-largest shareholder, South Cement Co Ltd, a combined CNY950m (US$150m) into Fujian Cement's fully-owned cement subsidiary....
Deutsche Bank sells 86.58m shares in Shanshui
Deutsche Bank AG sold 86.58m shares, or a 3.08% stake, in China Shanshui Cement Group Ltd at HK$5.79/share and for a total of HK$502m on 10 May, according to a filing on the Hon...
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.
West China acquisition of Fuping Cement positive – Moody’s
Moody's commented that West China Cement's (WCC) acquisition of Fuping Cement is credit positive for WCC (Ba3, negative).
CRH to begin conciliatory talks, plans to increase China stake
Irish Cement, a subsidiary of CRH, will begin talks today with representatives of 100 workers who have been on strike for almost five weeks, the Irish Times reports. Staff at Ir...
Jiangxi Wannianqing gets private placement approval
Jiangxi Wannianqing Cement Co Ltd, a Jiangxi Province-based producer of cement and clinker, announced on May 7th that it was approved by China Securities Regulatory Commission t...