Cement Producers

Re: Cement Producers

Postby winston » Mon Jul 30, 2018 7:41 pm

Chinese cement stocks gain as new government spending on infrastructure seen lifting demand

Plants have also begun to cut output to meet environmental regulations, meaning that prices of the material could rise

Last week, the government said it would speed up spending on infrastructure investment in a policy shift towards the domestic economy amid a trade spat with the US escalated.


Source: SCMP

https://www.scmp.com/business/companies ... astructure
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Re: Cement Producers

Postby winston » Tue Apr 23, 2019 1:54 pm

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<Research Report>HSBC Research: 6 Cement Co. Admonished for Antitrust; Sees No Actual Impact on Nil Probes

CNBM (03323.HK), CONCH CEMENT (00914.HK), Jidong Cement, CHINARES CEMENT (01313.HK), Huaxin Cement and SHANSHUI CEMENT (00691.HK) are asked to attend the first antitrust admonition meeting for the Chinese cement sector.

HSBC Global Research suggested no prosecution or investigation will be involved. Hence, such meeting will only cast negative impact on near-term investment sentiment, having no material effect.

Source: AAStocks Financial News
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Re: Cement Producers

Postby winston » Thu May 23, 2019 10:24 am

Cement – China
Decent 2Q19 In Sight


Cement ASP has been well supported at record-high levels due to robust downstream demand, as evidenced by strong national cement production growth of 7.3% yoy in 4M19.

Northern and western China saw strong production ramp-up from low bases while eastern China continued to enjoy robust demand with rising infrastructure FAI.

We remain positive on the cement sector and expect buoyant 2Q19 results from cement
companies.

Prefer CNBM and Anhui Conch. Maintain OVERWEIGHT.

Source: UOBKH

https://research.uobkayhian.com/content ... dd583b38a1
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Re: Cement Producers

Postby winston » Tue Jul 30, 2019 10:52 am

Cement – China
1H19 Result Preview: Buoyant Profitability; Stay Positive In 2H19


Chinese cement names are set to deliver decent 1H19 results thanks to strong cement production ramp-up, steady price performance as well as enlarged cement-coal spread.

Cement names in north and west China are expected to see above-peer performance given their low base.

Looking ahead, we stay positive on the cement sector and expect a further pick-up in infrastructure FAI to offset the slowdown in property investment.

Maintain OVERWEIGHT. Our top pick is CNBM (3323 HK)

Source: UOBKH

https://research.uobkayhian.com/content ... 72ff48ce09
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Re: Cement Producers

Postby winston » Thu Sep 05, 2019 8:56 am

Cement – China

1H19 Results Round-up: Strong Momentum To Sustain

Chinese cement companies maintained strong results in 1H19, with leading players strengthening their competitiveness.

Anhui Conch was upbeat on margin expansion and continued to outperform peers.

CNBM’s results were in line with steady revenue growth across all segments but the de-leveraging process was slower than expected.

CR Cement showed resilience amid the off-peak season and rainy weather.

Infrastructure FAI pick-up is key to cement demand in 2H19.

We prefer the eastern and southern regions during the upcoming demand peak season.

Maintain OVERWEIGHT.

Source: UOBKH

https://research.uobkayhian.com/content ... 1f30df8ed1
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Re: Cement Producers

Postby winston » Fri Oct 18, 2019 11:27 am

Price rebound on the horizon

Suspension of low-grade cement production since October 1; mild price increase in the first
week post-suspension

Limited impact on production shipment after serious accidents in Jiangsu and Liaoning

Cement prices reached year-high amid low silo inventory during the National Day holiday

Prefer Southern market cement players CR Cement (1313 HK) and Anhui Conch (914 HK)

Source: DBS

https://researchwise.dbsvresearch.com/R ... ihehkgaifc
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Re: Cement Producers

Postby winston » Mon Dec 30, 2019 11:32 am

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CN Cement Prices Boom as Various Construction Projects at Peak Phase: Report

Cement prices are generally going up in North China, East China and South China, as a number of projects have recently reached the peak phase of their construction across various cities, said CCTV News.

In particular, the bloom in certain areas turned out as high as RMB200/ ton in a month.

After October, the cement industry was embracing its traditional high season while construction projects of all regions were speeding up.

In face of the insatiable market demands, cement suppliers have been sparing no pain in production.

Source: AAStocks Financial News
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Re: Cement Producers

Postby winston » Tue Apr 07, 2020 11:13 am

Cement – China

2019 Round-up: Rock-solid Results; Expect Another Good Year

Chinese cement companies posted solid results again in 2019 on resilient downstream demand and supply discipline among leading players.

Anhui Conch and CR Cement further strengthened their net cash positions, backed by strong cash inflows.

CNBM’s de-leveraging progress is on track.

We believe the COVID-19 outbreak would hurt 1Q20 earnings, while further stimulus policies on infrastructure FAI would be a key catalyst supporting cement demand for the rest of 2020.

Maintain OVERWEIGHT.

Source: UOBKH

https://research.uobkayhian.com/content ... b509b5dd32
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Re: Cement Producers

Postby winston » Mon May 11, 2020 9:31 am

Cement
Cement prices picked up in various regions; special bonds to support shantytown redevelopment


The average price (nationwide) of 42.5 grade cement increased by 0.7% to Rmb434/tonne last week.

The central government may allow the issuance of special bonds to support existing shantytown development projects, according to a press report.

Cement stocks under our coverage increased by 0.13% on average last week.

The comprehensive average price index for Bohai-Rim Steam Coal suspended the data release last week because of the Labour Day holiday.

Source: CIMB China Galaxy

https://rfs.cgs-cimb.com/api/download?f ... E1C150FD9D
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Re: Cement Producers

Postby winston » Mon Jul 27, 2020 9:47 am

Industry profit may grow about 14% yoy in 2Q20

The average price (nationwide) of 42.5 grade cement dropped to Rmb424/tonne last week.

The average coal price decreased by Rmb4/tonne to Rmb542/tonne last week.

Cement industry profit may resume growth in 2Q20 with a 13.8% increase yoy, according to Digital Cement’s estimate.

Cement stocks under our coverage rose by 2.79% on average last week.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 6A129E096C
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