Tongli Cement expects 83% rise in net profit
Chinese cement producer, Henan Tongli Cement, expects an 83 per cent rise in net profit for 2011 at CNY235m, up 83 per cent YoY. Earnings per share for the Henan Province-based...
China
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Citigroup lowers target price for two Chinese producers
Citigroup has lowered its target price for Anhui Conch and China Resources Cement. Conch’s target price has been lowered to HK$37.5 from HK$28.2 and maintained its buy call. ...
Goldman Sachs downgrades Taiwan Cement target price
The target price for Taiwan’s leading producers, Taiwan Cement Company International (TCC) has been lowered by Goldman Sachs from HK$4.51 to HK$4.27. It has maintained its “buy...
Xinjiang Tianshan public issue to fund six projects, China
Xinjiang Tianshan Cement Co, based in Northwestern China’s Xinjiang Uygar Autonomous region, plans to raise up to CNY2.8bn (US$443m) through a public offering to fund six proje...
Defining the future
Ahead of Cementtech 2011, Xiangzhong Kong, Secretary General of the China Cement Association (CCA), talks to ICR about the prospects for the domestic cement market and outlines...