Anhui Conch Cement 0914

Re: Anhui Conch Cement 0914

Postby winston » Wed Oct 20, 2010 8:19 pm

DJ MARKET TALK: Anhui Conch May Fall; 1H Profit +41% But Slows
Aug 17, 2010

0751 [Dow Jones] Anhui Conch Cement's (0914.HK) 1H bottomline only makes up for 38.5% of full-year earnings forecasts of CNY4.67 billion now pegged by Thomson Reuters, may suggest street estimates being overly bullish.

China's largest cement maker posts 1H net profit +41% on year at CNY1.80 billion on higher output, product prices; growth rate slows sharply vs 1Q net profit +94%.

Stock ends down 1.7% at HK$26.20 yesterday; even if aggressively assuming company will earn more in 2H to achieve consensus EPS, stock would still be trading at 17X forward earnings. 50-day moving average at HK$25.28 likely key support.

Source: Dow Jones Newswire
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Re: Anhui Conch Cement 0914

Postby winston » Thu Oct 21, 2010 7:48 am

Vested

Wednesday's Short-Selling at 2m shares ( out of 13m shares )
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Re: Anhui Conch Cement 0914

Postby winston » Thu Jan 13, 2011 6:31 am

Not vested. From Dr. Check, The Standard HK:-

Dr Check's strategy is to identify good quality shares with upward momentum, and wait till they dip before buying.

Look at Anhui Conch Cement (0914), which JPMorgan Chase gives a "buy" rating and a target of HK$46.

The firm's net profit for 2010 is forecast to rise by 50 percent.

Mainland cement demand will be strong for years to come because of the government's affordable-housing program.

Anhui Conch Cement closed 3.2 percent higher at HK$38.50. Wait for it to fall to around HK$37.
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Anhui Conch Cement 0914

Postby winston » Fri Jun 10, 2011 8:42 am

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Hong Kong Concrete, Cement Stocks Start To Crack By DONALD H. GOLD, INVESTOR'S BUSINESS DAILY


Anhui Conch Cement, which fell 4% on Wednesday, shows a similar pattern. A run-up stalled a few weeks ago, and the stock retreated to its 10-week line. Here, though, the 10-week line first gave way on May 26, which it recovered about a week later.

This correction has so far amounted to 21%, still quite modest.

The company, based in Wuhu, about 200 miles east of Shanghai, reported profit gains of 73%, 43% and 103% in its past three half-yearly reports.

One potential problem that appears for the stock is that it split 2-for-1 in April 2010, and 3-for-2 just a year later.

http://www.investors.com/NewsAndAnalysi ... rading.htm
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Re: Anhui Conch Cement 0914

Postby winston » Thu Sep 08, 2011 10:00 am

vested

Anhui Conch +1.3%; Join FTSE China 25 Index
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Re: Anhui Conch Cement 0914

Postby winston » Wed Sep 21, 2011 2:01 pm

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DJ MARKET TALK: Anhui Conch +4.2%; Parent Buys A-Shares

1109 [Dow Jones] Recently suffering Anhui Conch Cement (0914.HK) rebounds 4.2% to HK$23.75, marking a 6.7% turnaround from its intraday low of HK$22.25, after the company announces that Anhui Conch Building Materials Design Centre, a wholly-owned subsidiary of Conch Holdings, bought 3.21 million Anhui Conch A-shares Tuesday.

Although this is merely a 0.06% stake in Conch, the move nonetheless sends a positive signal to investors that the parent company considers the stock's recent precipitous fall unjustified.

Prior to today's rebound, Conch shares had fallen 40.0% from a recent peak of HK$38.00 hit Aug. 4.

Conch's announcement adds that Conch Holdings or Conch Design will, depending on the market conditions, decide on whether or not to continue to increase its shareholding in Anhui Conch within the next six months, with a limit of 2.0% of total Conch stake.

Source: Dow Jones Newswire
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Re: Anhui Conch Cement 0914

Postby winston » Thu Sep 22, 2011 11:18 am

DJ MARKET TALK: Anhui Conch +1.3%; UOB More Positive On Sector

1055 [Dow Jones] Anhui Conch Cement's (0914.HK) 1.3% rise to HK$23.35, recovering from an intraday low of HK$22.00, stands out from today's Hong Kong market action, given how gloomy the market conditions are, with the HSI down 3.9% at a 26-month low.

Conch already rose 1.1% Wednesday, spurred by news its parent bought Conch A-shares on Tuesday, sending a signal to the market that the parent company considers the stock's recent fall overdone (prior to Wednesday's rebound,

Conch shares had fallen 40.0% from a recent peak of HK$38.00 hit Aug. 4.). UOB KayHian says on average the whole cement sector is now trading below replacement cost of US$65/ton; "we think our concern over demand uncertainties has been partly priced in following the recent market selldown.

Contrary to general market view, we are getting more positive on the sector."

Source: Dow Jones Newswire
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Re: Anhui Conch Cement 0914

Postby winston » Fri Sep 23, 2011 4:03 pm

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Anhui Conch Cement Target Cut To HK$40 From HK$47 By JPMorgan
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Re: Anhui Conch Cement 0914

Postby winston » Wed Oct 12, 2011 5:11 pm

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NOTICE OF BOARD MEETING

The board (the “Board”) of directors (the “Directors”) of Anhui Conch Cement Company Limited (the “Company”) hereby announces that a meeting of the Board will be held on Tuesday, 25 October 2011 for the following purposes:

1. to consider and approve the unaudited results of the Company and its subsidiaries for the nine months ended 30 September 2011;

2. to consider and approve the announcement for the unaudited results of the Company and its subsidiaries for the nine months ended 30 September 2011; and

3. to transact any other business.

http://www.hkexnews.hk/listedco/listcon ... 012223.pdf
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Re: Anhui Conch Cement 0914

Postby winston » Fri Oct 21, 2011 2:29 pm

vested

Anhui Conch +1.1%; ICBC Expects 3Q Earnings +120% YoY
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