vested
26 Mar, 2015
<Result Ann>BBMG (02009.HK) 2014 net profit $2.42B
BBMG (02009.HK) announced annual results for the year ended 31 December 2014.
Revenue declined 7.9% yearly to RMB41.24 billion.
Net profit amounted to RMB2.42 billion, down 24.6%.
EPS was 52 fen. A final dividend of 5 fen was declared.
Source: AAStocks Financial News
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BBMG 2009
Re: BBMG 2009
by winston » Mon Mar 30, 2015 9:26 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: BBMG 2009
by winston » Mon Mar 30, 2015 9:26 am
vested
26 Mar, 2015
<Result Ann>BBMG (02009.HK) 2014 net profit $2.42B
BBMG (02009.HK) announced annual results for the year ended 31 December 2014.
Revenue declined 7.9% yearly to RMB41.24 billion.
Net profit amounted to RMB2.42 billion, down 24.6%.
EPS was 52 fen. A final dividend of 5 fen was declared.
Source: AAStocks Financial News
26 Mar, 2015
<Result Ann>BBMG (02009.HK) 2014 net profit $2.42B
BBMG (02009.HK) announced annual results for the year ended 31 December 2014.
Revenue declined 7.9% yearly to RMB41.24 billion.
Net profit amounted to RMB2.42 billion, down 24.6%.
EPS was 52 fen. A final dividend of 5 fen was declared.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118906
- Joined: Wed May 07, 2008 9:28 am
Re: BBMG 2009
by winston » Mon Mar 30, 2015 7:28 pm
not vested
Credit Suisse maintains BBMG(02009.HK) at Outperform with target lifted to $8.7 (Correct)
Credit Suisse stated in its report that BBMG(02009.HK) +0.630 (+9.633%) Short selling $25.98M; Ratio 9.931% declined 25% in its annual net profit in 2014 to RMB2.4 billion, 20-37% below the estimate.
That was mainly attributable to the lower-than-expected ASP from the property development.
To reflect the lower floor space booked, the broker lowered the EPS forecasts in 2015 and 2016 by 31% and 14% respectively.
The target price was lifted from $8.3 to $8.7 with the rating maintained at Outperform. The broker considered its valuation remains attractive.
(Correct: 2015-03-30 10:43:06 Credit Suisse maintains BBMG(02009.HK) +0.630 (+9.633%) Short selling $25.98M; Ratio 9.931% at Outperform with target lifted to $8.7)
Source: AAStocks Financial News
Credit Suisse maintains BBMG(02009.HK) at Outperform with target lifted to $8.7 (Correct)
Credit Suisse stated in its report that BBMG(02009.HK) +0.630 (+9.633%) Short selling $25.98M; Ratio 9.931% declined 25% in its annual net profit in 2014 to RMB2.4 billion, 20-37% below the estimate.
That was mainly attributable to the lower-than-expected ASP from the property development.
To reflect the lower floor space booked, the broker lowered the EPS forecasts in 2015 and 2016 by 31% and 14% respectively.
The target price was lifted from $8.3 to $8.7 with the rating maintained at Outperform. The broker considered its valuation remains attractive.
(Correct: 2015-03-30 10:43:06 Credit Suisse maintains BBMG(02009.HK) +0.630 (+9.633%) Short selling $25.98M; Ratio 9.931% at Outperform with target lifted to $8.7)
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118906
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Re: BBMG 2009
by winston » Wed Aug 19, 2015 9:49 am
vested
BBMG (2009 HK/BUY).
We like its exposure in property, particularly in Beijing, making it being more resilient in earnings compared with pure cement players.
It is a beneficiary of BTH integration plan.
Its current stock price translates to an attractive 67% discount to its property RNAV.
We apply 10x 2015 EV/EBITDA for cement, 8x2015F EV/EBITDA for modern building materials, and a 50% discount to property
RNAV to derive our target price of HK$9.00.
Source: UOBKH
BBMG (2009 HK/BUY).
We like its exposure in property, particularly in Beijing, making it being more resilient in earnings compared with pure cement players.
It is a beneficiary of BTH integration plan.
Its current stock price translates to an attractive 67% discount to its property RNAV.
We apply 10x 2015 EV/EBITDA for cement, 8x2015F EV/EBITDA for modern building materials, and a 50% discount to property
RNAV to derive our target price of HK$9.00.
Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118906
- Joined: Wed May 07, 2008 9:28 am
Re: BBMG 2009
by winston » Fri Aug 28, 2015 7:50 am
vested
INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2015
FINANCIAL HIGHLIGHTS
• Operating revenue of RMB18,056.3 million, decreased by 12.5% from the interim period of 2014
• Gross profit margin from principal business of 27.4%, increased by 2.7 percentage points from the interim period of 2014
• Net profit of RMB1,021.6 million, decreased by 32.6% from the interim period of 2014
• Net profit attributable to shareholders of the parent company of RMB1,047.7 million, decreased by 24.1% from the interim period of 2014
• Core net profit attributable to the shareholders of the parent company (excluding the after tax net fair value gains on investment properties) of RMB852.3 million, decreased by RMB328.0 million or 27.8% from the interim period of 2014
• Basic earnings per share attributable to the shareholders of the parent company was RMB0.22
INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2015
FINANCIAL HIGHLIGHTS
• Operating revenue of RMB18,056.3 million, decreased by 12.5% from the interim period of 2014
• Gross profit margin from principal business of 27.4%, increased by 2.7 percentage points from the interim period of 2014
• Net profit of RMB1,021.6 million, decreased by 32.6% from the interim period of 2014
• Net profit attributable to shareholders of the parent company of RMB1,047.7 million, decreased by 24.1% from the interim period of 2014
• Core net profit attributable to the shareholders of the parent company (excluding the after tax net fair value gains on investment properties) of RMB852.3 million, decreased by RMB328.0 million or 27.8% from the interim period of 2014
• Basic earnings per share attributable to the shareholders of the parent company was RMB0.22
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: BBMG 2009
by winston » Fri Aug 28, 2015 2:14 pm
vested
BBMG Corporation (2009 HK)
1H15: Property Business To Cushion Downside Risk Of Cement Segment;
BTH Integration A Catalyst
Despite the over 20% yoy earnings decline for BBMG in 1H15, this is still better than cement producers’ typical 40-60% core earnings contraction.
The property business remains a key earnings driver for BBMG and cushions the downside risk of the cement segment.
The implementation of the Beijing-Tianjin-Hebei integration will be a catalyst to regional cement demand and propel BBMG’s conversion of industrial land to residential land to unlock the hidden value.
Maintain BUY. Target price: HK$8.60
Source: UOBKH
BBMG Corporation (2009 HK)
1H15: Property Business To Cushion Downside Risk Of Cement Segment;
BTH Integration A Catalyst
Despite the over 20% yoy earnings decline for BBMG in 1H15, this is still better than cement producers’ typical 40-60% core earnings contraction.
The property business remains a key earnings driver for BBMG and cushions the downside risk of the cement segment.
The implementation of the Beijing-Tianjin-Hebei integration will be a catalyst to regional cement demand and propel BBMG’s conversion of industrial land to residential land to unlock the hidden value.
Maintain BUY. Target price: HK$8.60
Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: BBMG 2009
by winston » Mon Sep 07, 2015 3:29 pm
vested
<Research Report>HSBC Upgrades BBMG(02009.HK) to Buy with Target Lifted to $7.7
HSBC, in its report, mentioned that BBMG (2009.HK)'s gross profit contribution at the cement and RMC segment in the first half of 2015 dropped 6 percentage points yearly to 14% due to the decline in sales and average sales price (ASP).
The broker expected the ASP would remain stable while the sales of cement and clinker in FY2016/2017E would increase 10% and 14%, mainly driven by the Beijing-Tianjin-Hebei unification as well as the Beijing Winter Olympics in 2022.
The report mentioned that the company's improving property margins offset declining sales area, resulting in overall gross profit in property development remaining at the same level as the first half of 2014.
The broker trimmed BBMG's earnings in 2015-2017E by 2%, 19% and 18% but upgraded the stock from Hold to Buy.
Its target price was lifted from HK$6.2 to HK$7.7.
On the other hand, BBMG-A was kept at Underweight but its target price was lifted from RMB5 to RMB6.4.
Source: AAStocks Financial News
<Research Report>HSBC Upgrades BBMG(02009.HK) to Buy with Target Lifted to $7.7
HSBC, in its report, mentioned that BBMG (2009.HK)'s gross profit contribution at the cement and RMC segment in the first half of 2015 dropped 6 percentage points yearly to 14% due to the decline in sales and average sales price (ASP).
The broker expected the ASP would remain stable while the sales of cement and clinker in FY2016/2017E would increase 10% and 14%, mainly driven by the Beijing-Tianjin-Hebei unification as well as the Beijing Winter Olympics in 2022.
The report mentioned that the company's improving property margins offset declining sales area, resulting in overall gross profit in property development remaining at the same level as the first half of 2014.
The broker trimmed BBMG's earnings in 2015-2017E by 2%, 19% and 18% but upgraded the stock from Hold to Buy.
Its target price was lifted from HK$6.2 to HK$7.7.
On the other hand, BBMG-A was kept at Underweight but its target price was lifted from RMB5 to RMB6.4.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118906
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Re: BBMG 2009
by winston » Mon Sep 07, 2015 3:30 pm
vested
<Research Report>HSBC Upgrades BBMG(02009.HK) to Buy with Target Maintained at $6.2
Aug 31, 2015
BBMG(02009.HK)'s 1H15 EPS was in line with HSBC forecasts while both revenues and costs came in below the estimates by 6% and 10%.
During the period, cement revenue was cut mainly due to weaker-than-expected sales volumes and hit-the-bottom average selling prices.
The research house upgraded BBMG's rating from Hold to Buy. The target price was kept at $6.2.
Source: AAStocks Financial News
<Research Report>HSBC Upgrades BBMG(02009.HK) to Buy with Target Maintained at $6.2
Aug 31, 2015
BBMG(02009.HK)'s 1H15 EPS was in line with HSBC forecasts while both revenues and costs came in below the estimates by 6% and 10%.
During the period, cement revenue was cut mainly due to weaker-than-expected sales volumes and hit-the-bottom average selling prices.
The research house upgraded BBMG's rating from Hold to Buy. The target price was kept at $6.2.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118906
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Re: BBMG 2009
by winston » Mon Sep 07, 2015 3:32 pm
vested
<Research Report>Citi: The Worst for Cement Sector Likely Behind, BBMG Upgraded to Buy
Aug 10, 2015
Citigroup said that China cement demand declined 5.3% year-on-year in 1H15, leading to an 18% decline in cement price YTD.
The research house expected the demand to improve gradually in the forthcoming six months with a 3% decline in 2015 and 1.8% growth next year.
As cement demand is approaching the peak level, industrial consolidation may accelerate with M&A.
The cement price is expected to reach the trough in near term and supply cuts offer near-term upside risk for the cement price which may become the catalyst for share price.
Citigroup upgraded BBMG (02009.HK) to Buy and the target price was revised up from $7.2 to $8.1.
Source: AAStocks Financial News
<Research Report>Citi: The Worst for Cement Sector Likely Behind, BBMG Upgraded to Buy
Aug 10, 2015
Citigroup said that China cement demand declined 5.3% year-on-year in 1H15, leading to an 18% decline in cement price YTD.
The research house expected the demand to improve gradually in the forthcoming six months with a 3% decline in 2015 and 1.8% growth next year.
As cement demand is approaching the peak level, industrial consolidation may accelerate with M&A.
The cement price is expected to reach the trough in near term and supply cuts offer near-term upside risk for the cement price which may become the catalyst for share price.
Citigroup upgraded BBMG (02009.HK) to Buy and the target price was revised up from $7.2 to $8.1.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: BBMG 2009
by winston » Thu Oct 29, 2015 6:50 pm
not vested
BBMG(02009.HK) 1Q-3Q Net Profit Down 39% YoY
BBMG (02009.HK) +0.030 (+0.524%) Short selling $16.32M; Ratio 52.295% released the results for the first three quarters ended 30 September 2015.
Based on PRC GAAP, net profit attributable to the shareholders of listed company fell 39% yearly to RMB1.06 billion.
EPS equaled RMB0.22.
During the period, operating revenue fell 10% yearly to RMB25.903 billion.
Source: AAStocks Financial News
BBMG(02009.HK) 1Q-3Q Net Profit Down 39% YoY
BBMG (02009.HK) +0.030 (+0.524%) Short selling $16.32M; Ratio 52.295% released the results for the first three quarters ended 30 September 2015.
Based on PRC GAAP, net profit attributable to the shareholders of listed company fell 39% yearly to RMB1.06 billion.
EPS equaled RMB0.22.
During the period, operating revenue fell 10% yearly to RMB25.903 billion.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118906
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