BBMG 2009

Re: BBMG 2009

Postby winston » Fri Oct 30, 2015 10:24 am

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BBMG Corporation (2009 HK)

3Q15: Property Bookings Remain Intact And BTH Integration Implementation Is Key In 2016

BBMG’s 9M15 core net profit slipped 46% yoy, coming in lower than our and consensus full-year forecasts of 32% yoy and 22% yoy declines respectively.

Nonetheless, we expect property sales deliveries to ramp up in 4Q15 on the back of its robust property contracted sales growth last year.

We expect BBMG to post a lower rate of decline in earnings vs the 40-70% declines of pure cement players this year.

The implementation of the BTH integration is critical for the regional cement market and BBMG’s industrial land conversion in 2016.

Maintain BUY. Target price: HK$8.40.

Source: UOBKH

https://research.uobkayhian.com/content ... 211e81f4f2
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Re: BBMG 2009

Postby winston » Wed Jul 13, 2016 10:37 am

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BBMG Continues to Soar 5% on Expected 60%-80% Growth in Interim Net Profit

BBMG (02009.HK) issued a positive profit alert, predicting an increase of between 60% and 80% in net profit of the company for the six months ended 30 June 2016 as compared with the same period in 2015.

The stock breached 250-day MA ($2.63) this morning, soaring 6.6% at most to peak at $2.75.

It last at $2.71, surging 5%, on volume already reaching 13.01 million shares.

Source: AAStocks Financial News
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Re: BBMG 2009

Postby winston » Tue Aug 30, 2016 9:08 am

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<Result Ann>BBMG (02009.HK) Interim Net Profit Up 73.8%

BBMG (02009.HK) announced the results for the first half ended 30 June 2016.

Net profit escalated 73.8% to RMB1.821 billion, with EPS of 34 fen.

No interim dividend was declared.

Source: AAStocks Financial News
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Re: BBMG 2009

Postby winston » Wed Oct 26, 2016 8:19 pm

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BBMG Jan-Sep Net Profit Up 113.84% YoY to About RMB2.27B

BBMG (02009.HK) -0.040 (-1.356%) Short selling $3.57M; Ratio 15.907% announced that for the nine months ended 30 September, the operating revenue rose 26.15% yearly to about RMB32.675 billion;

Net profit surged 113.84% yearly
to about RMB2.27 billion;

Basic EPS amounted to RMB0.21.

Source: AAStocks Financial News
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Re: BBMG 2009

Postby winston » Wed Jan 11, 2017 9:18 am

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BBMG Estimates Annual Net Profit to Grow 20-45%

BBMG (02009.HK) issued positive profit alert, expecting to record an increase in net profit of 20% to 45% for the year ended 31 December 2016 as compared with the same period in 2015 (2015: RMB2.017 billion).

Source: AAStocks Financial News
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Re: BBMG 2009

Postby winston » Mon Apr 03, 2017 10:06 am

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FY16A results summary: improving outlook on cement in Hebei, partly offset by weaker property

BBMG’s FY16A NP was Rmb2.7 bn, or EPS of Rmb0.252, up 27% YoY; recurring NP was Rmb1.9 bn, below our expectation, mostly due to lower-than-expected margin in property booked.

As BBMG consolidated Jidong Group starting 4Q16A, cement sales volume surged 21% YoY, with unit GP at Rmb43/t (Rmb36/tex-Jidong), more than double YoY. However, profit for property development fell 18% to Rmb5.1 bn, with a lower margin of 27% (from 37%).

Balance sheet has deteriorated a lot with debt nearly doubled to Rmb53 bn post the consolidation of JD group.

We expect much improvement in the cement segment in 2017E, driven by 106% growth in sales volume post consolidation (offset by nearly half in minority), and higher profit (from Rmb43 to Rmb75/t).

The recent development plan in Hebei adds more support to demand. Nevertheless, management guided weaker property booking in 2017E, with GFA and revenue likely down
over 10% YoY, and weaker margin, which is worse than expected.


We cut earnings 3-21% for 2017-18E, as weaker property more than offsets better cement. Valuation remains undemanding. Maintain OUTPERFORM with a revised TP HK$5.8 (from HK$5.1).

Source: CS
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Re: BBMG 2009

Postby winston » Mon Apr 03, 2017 1:06 pm

BBMG: Hot Stock Soars 41%

By Isabella Zhong

The euphoria surrounding the stock follows Beijing’s announcement over the weekend of plans for a new special economic zone in Hebei province called the Xiongan New Area.

Beijing-based BBMG is the number one supplier of cement in Hebei, as well as Beijing and Tianjin.

With over 57% of cement market share in the area and also businesses in property development, BBMG stands to directly benefit from the Xiongan District development.


Analysts surveyed by FactSet expect BBMG’s earnings to rise 32% this year.

At HKD4.56 a share, BBMG is up 70% this year and trades at 11 times forward earnings and one times book value.


Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... -soars-41/
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Re: BBMG 2009

Postby winston » Fri Apr 07, 2017 9:12 am

Beijing’s top cement firm suggests caution as stocks soar thanks to Xi’s plans for China’s new futuristic ‘dream town’

Surprise announcement of blueprint for Xiongan New Area in Hebei sparks rush for related shares

The company’s shares dipped more than 7 per cent on Thursday, after Morgan Stanley slashed its target price by 33 per cent, citing concerns over its high valuation and subdued earnings in property business.


Source: SCMP

http://www.scmp.com/business/companies/ ... thanks-xis
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Re: BBMG 2009

Postby winston » Tue Apr 25, 2017 7:52 am

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The major share linked to Xiongan - the Beijing new zone - is BBMG (2009), and its share price has soared to HK$5 since the beginning of the month.

BBMG is in shape to be a beneficiary of Xiongan. A major cement maker and property developer, it has 59 percent of cement and clinker production capacity in the Beijing-Tianjin- Hebei region.

The company issued a positive profit alert last week, expecting to net a sum from 380 million yuan (HK$429 million) to 450 million yuan for its first quarter to March 31.

CLSA has retained its "outperform" rating on BBMG with a target price revised to HK$5.20. It's worth accumulating below HK$4.

Source: Dr Check, The Standard
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Re: BBMG 2009

Postby winston » Thu Aug 17, 2017 10:56 am

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July 14, 2017

<Positive Profit Alert>BBMG (02009.HK) Expects 1H Net Profit at RMB1.825B-1.9B

BBMG (02009.HK) issued a positive profit alert, predicting a net profit between RMB1.825 billion and RMB1.9 billion for the six months ended 30 June 2017, up 0.2% to 4.3% yearly.

Mainly because as the prices for cement and clinker tended to be more rational, the significant increase in the unit prices for cement and clinker in the first half of 2017 as compared with the same period of last year, the profit for the cement segment increased significantly year-on-year;

The decrease in booked gross floor area in the first half of 2017 has led to the decrease in profit for the property development segment year-on-year.

Source: AAStocks Financial News
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