Conch Cement 0914

Re: Anhui Conch Cement 0914

Postby winston » Fri Oct 26, 2012 11:57 am

Research Report>ANHUI CONCH (00914.HK) rated Neutral, TP raised to $28.9 by Citi

ANHUI CONCH (00914.HK) sold 53 million tons of cement and clinker in the third quarter, up 33% year-on-year, compared with industry average of 7% growth.

The new production lines launched in the second quarter were fully operated in the third quarter, thereby boosting sales.

The average selling price dropped 31% year-on-year to RMB219 per ton in the third quarter.

ANHUI CONCH secured market share from high-cost peers, Citigroup said, believing the cement price hike is seasonal rather than structural.

The broker expects cement price and sales to pick up in the fourth quarter with gross profit ascending to RMB70-75 per ton.

ANHUI CONCH is rated Neutral with target price up from $22.1 to $28.9.


Source: AAStocks Financial News
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Re: Anhui Conch Cement 0914

Postby winston » Tue Jan 15, 2013 1:39 pm

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<Research Report>ANHUI CONCH (00914.HK)'s management expects stronger profitability - Deutsche

The management of ANHUI CONCH (00914.HK) are optimistic about the business performance this year due to favorable supply and demand side factors, said Deutsche Bank, who pointed out ANHUI CONCH is anticipating for a stronger profitability.

ANHUI CONCH is speeding its acquisitions in Western China and is actively seeking projects for development in Malaysia, Vietnam and Myanmar.

It is rated Hold by Deutsche Bank, who set the target price at $25.27.

Source: AAStocks Financial News
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Re: Anhui Conch Cement 0914

Postby winston » Tue Jan 14, 2014 7:13 pm

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ANHUI CONCH (00914.HK) expects 2013 profit to rise 50% YoY

ANHUI CONCH (00914.HK) +0.150 (0.552%) Short selling $60.18M; Ratio 26.260% issued a positive profit alert, expecting an apparent increase in the results for the year ended 31 December 2013, with an increase of around 50% in its profit during the period when compared to that in the preceding year.

Such profit gain was mainly attributable to the fact that benefiting from the stable growth in market demand and decrease in new production capacity in the industry, the supply and demand relationship of the cement industry has further improved and accordingly, the company's sale volume rose steadily year on year, with a continued increase in selling price.

In addition, as the coal price in 2013 dropped, the company’s production cost decreased when compared to that in the previous year.

Source: AAStocks Financial News
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Re: Anhui Conch Cement 0914

Postby winston » Fri Jan 24, 2014 7:25 am

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ANHUI CONCH (00914.HK) rated Underweight with target cut to $25 by HSBC

HSBC pointed out ANHUI CONCH (00914.HK) 0.000 (0.000%) Short selling $328.12M; Ratio 47.876% will continue to be the market leader of the cement industry in China.

However, since the economic growth of the country has started to slow down, and infrastructure constructions have decreased, the bank projected business growth of the cement sector will also decelerate.

Growth of sales were estimated to edge down to 9% and 7% in 2014 and 2015.

As share price has reflected its robust business operations, rating was reiterated Underweight, and target price was lowered from $26.2 to $25.


Source; AAStocks Financial News
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Re: Anhui Conch Cement 0914

Postby winston » Wed Feb 05, 2014 8:20 pm

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ANHUI CONCH (00914.HK) chosen as top pick in cement sector - MS
2014-02-05

Morgan Stanley projected supply and demand in the cement market in China will become balanced in 2014, expecting market demands will decelerate to 5%, while supply will move up 5.4%.

The bank estimated cement stocks will develop separately this year, the stricter emission standard and the removal of Grade 32.5 cement will bring advantages to ANHUI CONCH (00914.HK) +0.150 (0.522%)

Short selling $128.63M; Ratio 37.611% and CHINARES CEMENT (01313.HK) +0.040 (0.759%) Short selling $2.91M; Ratio 9.989% . ANHUI CONCH is the top selection of the bank.

Ratings of ANHUI CONCH and CHINARES CEMENT were upgraded from Equal-weight to Overweight. Target price of the former rose from $29 to $33.4, of the latter added from $5.3 to $5.9.


Source: AAStocks Financial News
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Re: Anhui Conch Cement 0914

Postby winston » Wed Mar 26, 2014 8:08 pm

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ANHUI CONCH (00914.HK) added to CL Buy, target lifted to $39 - GS
2014-03-26

Goldman Sachs stated the cement price of ANHUI CONCH (00914.HK) +1.450 (4.778%) Short selling $131.71M; Ratio 26.191% in certain major markets had topped expectation, thus the bank projected earnings in 2014 will continue to be stronger than the estimation by Bloomberg.

Fiscal 2014/2015 earnings estimates were raised by 9%/9%, and target price was lifted by 10.5% to $39.

The bank believed ANHUI CONCH will remain outperforming its peers via expansion and acquisitions, coupled with the strong balance sheet.

A-share and H-share of the group were rated Buy, and H-share was added to Conviction List.

ANHUI CONCH is the top selection of Goldman Sachs in the industry.


Source: AAStocks Financial News
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Re: Anhui Conch Cement 0914

Postby winston » Fri Jun 06, 2014 2:36 pm

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<Research Report>ANHUI CONCH (00914.HK) target hiked to $39, rated Buy - UBS
Apr 25, 2014

UBS pointed out in the latest research report that the capex of ANHUI CONCH (00914.HK) had been expanding in the first quarter, and the investment cash outflow had reached RMB4.2 billion, about 3 times of that in 1Q 2013.

The bank believed ANHUI CONCH had accelerated its acquisition plan, showing the group has started to utilize its strong balance sheet.

2014/2015/2016 EPS estimates were raised to RMB2.51/2.72/2.94 respectively, and capex forecast was lifted to RMB10 billion, so as to reflect larger potential acquisition.

Target price was raised from $37.1 to $39, and shares were rated Buy. ANHUI CONCH is UBS' top pick in the cement industry of China.

Source: AAStocks Financial News
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Re: Anhui Conch Cement 0914

Postby winston » Fri Jun 06, 2014 2:38 pm

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<Result Ann>ANHUI CONCH (00914.HK) 1Q net profit soars 154.5%
Apr 24, 2014

ANHUI CONCH (00914.HK) reported financial results of the first quarter.

Net profit soared 154.5% yearly to RMB2.473 billion. EPS was RMB0.47.

Revenue increased 27.5% year-on-year to RMB12.63 billion over the period.

Source: AAStocks Financial News
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Re: Anhui Conch Cement 0914

Postby winston » Fri Jun 06, 2014 2:39 pm

ANHUI CONCH (00914.HK) expects steady growth in cement price in 2014
Apr 22, 2014

ANHUI CONCH (00914.HK) Executive Director Zhou Bo said in an online briefing that the cement price has sharply risen in the first quarter when compared to to the year-ago period. He expects for steady growth in the second quarter.

Meanwhile, Zhou estimates certain growth in the cement demand this year, mainly from the infrastructure, urbanization, the rural market, the midwest markets, etc.

As the demand from the property market is not high, the property controls do not result in material impact.

Source: AAStocks Financial News
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Re: Anhui Conch Cement 0914

Postby winston » Fri Jun 06, 2014 2:42 pm

Apr 11. 2014

UBS said in a report that the mainland cement market remained strong in the first quarter, and ANHUI CONCH's first-quarter profit is expected to double year on year.

The company's EPS growth forecast for the coming three years were raised to RMB2.35/2.54/2.72.

However, the reach house mentioned that as the A shares of the company are trading at over 25% discount to its H shares, which may form short-term pressure for the H shares.

In light of the solid fundamentals and strong profit, UBS reiterated the Buy rating, with target price lifted to $37.1.

Source: AAStocks Financial News
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