Cement price down 0.7% WoW last week
Cement price in China continued to fall last week, falling 0.7% week-on-week and for the third week, data provided by Digital Cement show.
Price declines were seen in Guangdong, Hunan, Hainan, Guangxi and Yunan , while price in northern China remained stable.
Source: AAStocks Financial News
|
|
Cement Producers
Re: Cement Producers
by winston » Wed Dec 12, 2012 9:29 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: Cement Producers
by winston » Sun Jul 07, 2013 10:04 am
China Cement Association supports elimination of backward cement production capacity
2013-07-02
Shanghai Securities News reported that China Cement Association drafted Implementation Plan for Accelerating M&A in Cement Industry.
The draft requested the number of enterprises to be reduced significantly, with the number of cement clinker production enterprises below 1000, and the number of large cement grinding station of annual output above 0.6 million tons below 2000, aiming to eliminate the backward cement production capacity completely by next year.
Source: AAStocks Financial News
2013-07-02
Shanghai Securities News reported that China Cement Association drafted Implementation Plan for Accelerating M&A in Cement Industry.
The draft requested the number of enterprises to be reduced significantly, with the number of cement clinker production enterprises below 1000, and the number of large cement grinding station of annual output above 0.6 million tons below 2000, aiming to eliminate the backward cement production capacity completely by next year.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: Cement Producers
by winston » Sun Jul 07, 2013 10:19 am
China cement production rises 8.5% YoY in May - NDRC
2013-06-28
China's cement production rose 8.5% in May compared with a year ago, accelerating by 4.2 percentage points, the National Development and Reform Commission reported.
During the period, flat glass production soared 15.5%, reversing a 10.2% decline in the year ago period.
Source: AAStocks Financial News
2013-06-28
China's cement production rose 8.5% in May compared with a year ago, accelerating by 4.2 percentage points, the National Development and Reform Commission reported.
During the period, flat glass production soared 15.5%, reversing a 10.2% decline in the year ago period.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: Cement Producers
by winston » Thu Sep 19, 2013 8:15 pm
What You Should Do
Anhui Conch remains our sector top pick as we believe the positive outlook in its key eastern markets could support strong earnings growth in 2H13.
While for CNBM, in addition to its high exposure to the eastern markets, we also highlight its high valuation sensitivity to cement price
changes, which could likely make it outperform its peers in a cement price-driven rally.
Source: CIMB
https://brokingrfs.cimb.com/5YBb8V3GVmv ... jg0Q81.pdf
Anhui Conch remains our sector top pick as we believe the positive outlook in its key eastern markets could support strong earnings growth in 2H13.
While for CNBM, in addition to its high exposure to the eastern markets, we also highlight its high valuation sensitivity to cement price
changes, which could likely make it outperform its peers in a cement price-driven rally.
Source: CIMB
https://brokingrfs.cimb.com/5YBb8V3GVmv ... jg0Q81.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: Cement Producers
by winston » Wed Dec 25, 2013 9:27 pm
Dec 17, 2013
Government-mandated production stoppages, a lack of new capacity and resilient growth have caused cement prices in east and south China to spike in 4Q13, similar to 4Q10 - from December 2010 to the peak in July 2011, shares of Anhui Conch (Conch), China Resources Cement (CRC) and CNBM rose 36-94%.
Compared to 4Q10, investment in cement industry capacity is 27% lower (last 12 months), absolute demand is 29% higher and YoY demand growth is just 1.9ppt lower. Pollution control has become a key government priority, and the property market is recovering, not weakening. Conch currently trades at just over 2x PBR versus more than 3x PBR in December 2010. We think this backdrop is positive for stocks in 2014.
The key catalyst for the stocks will be cement prices in the low season, starting mid-December. As long as demand remains robust, we expect prices to dip less than what is currently priced into these stocks. Accordingly, 2013E and 1Q14E earnings as well as 2014E upgrades should be positive catalysts, in our view.
Our top pick is CRC (1313 HK, OP), given higher utilisation and demand growth in south China. We also like CNBM (3323 HK, OP) and Conch (914 HK, OP). We raise our price targets for CRC and Conch to reflect better cost control and increased confidence in prices for 2014. We downgrade China Shanshui Cement (691 HK) to In-Line, given new supply additions in its key markets in 2013.
Source: Std Chartered
Government-mandated production stoppages, a lack of new capacity and resilient growth have caused cement prices in east and south China to spike in 4Q13, similar to 4Q10 - from December 2010 to the peak in July 2011, shares of Anhui Conch (Conch), China Resources Cement (CRC) and CNBM rose 36-94%.
Compared to 4Q10, investment in cement industry capacity is 27% lower (last 12 months), absolute demand is 29% higher and YoY demand growth is just 1.9ppt lower. Pollution control has become a key government priority, and the property market is recovering, not weakening. Conch currently trades at just over 2x PBR versus more than 3x PBR in December 2010. We think this backdrop is positive for stocks in 2014.
The key catalyst for the stocks will be cement prices in the low season, starting mid-December. As long as demand remains robust, we expect prices to dip less than what is currently priced into these stocks. Accordingly, 2013E and 1Q14E earnings as well as 2014E upgrades should be positive catalysts, in our view.
Our top pick is CRC (1313 HK, OP), given higher utilisation and demand growth in south China. We also like CNBM (3323 HK, OP) and Conch (914 HK, OP). We raise our price targets for CRC and Conch to reflect better cost control and increased confidence in prices for 2014. We downgrade China Shanshui Cement (691 HK) to In-Line, given new supply additions in its key markets in 2013.
Source: Std Chartered
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: Cement Producers
by winston » Fri Jun 06, 2014 2:23 pm
May 27, 2014
<Research Report>Deutsche' latest ratings & target prices for Chinese cement stocks
In a research report, Deutsche Bank updated the latest ratings and target prices for Chinese cement stocks.
Stock / Investment Rating / Target Price (HK$)
WESTCHINACEMENT (02233.HK) / Buy / $1.36->1.13
CONCH VENTURE (00586.HK) / Buy / $22.5->21
CHINARES CEMENT (01313.HK) / Buy / $7.1->6.66
BBMG (02009.HK) / Buy / $8.28->7.72
ANHUI CONCH (00914.HK) / Buy / $39.77->36.85
CNBM (03323.HK) / Hold / $8.25->7.28
SHANSHUI CEMENT (00691.HK) / Buy->Hold / $4.36->3.3
Source: AAStocks Financial News
<Research Report>Deutsche' latest ratings & target prices for Chinese cement stocks
In a research report, Deutsche Bank updated the latest ratings and target prices for Chinese cement stocks.
Stock / Investment Rating / Target Price (HK$)
WESTCHINACEMENT (02233.HK) / Buy / $1.36->1.13
CONCH VENTURE (00586.HK) / Buy / $22.5->21
CHINARES CEMENT (01313.HK) / Buy / $7.1->6.66
BBMG (02009.HK) / Buy / $8.28->7.72
ANHUI CONCH (00914.HK) / Buy / $39.77->36.85
CNBM (03323.HK) / Hold / $8.25->7.28
SHANSHUI CEMENT (00691.HK) / Buy->Hold / $4.36->3.3
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: Cement Producers
by winston » Fri Jun 06, 2014 2:27 pm
<Research Report>HSBC upgrades ANHUI CONCH (00914.HK) to Overweight; top pick CHINARES CEMENT (01313.HK)
May 14, 2014
In the latest research report, HSBC noted that the demand in the Chinese property market has been weaker than its expectation.
It lowered the average selling price growth for 2014 and 2015 from 10.1% and 5.4% to 6.5% and 4.5%, respectively.
The sector earning forecast for 2014-16 was cut by 8%, 7% and 7%.
The best pick of the sector is CHINARES CEMENT (01313.HK), which is rated Overweight with target price lifted from $10.2 to $8.4.
Meanwhile, ANHUI CONCH (00914.HK) is upgraded from Neutral to Overweight. SHANSHUI CEMENT (00691.HK) was the most bearish one, with target cut from $3.4 to $3.2 and Neutral rating, HSBC added.
Source: AAStocks Financial News
May 14, 2014
In the latest research report, HSBC noted that the demand in the Chinese property market has been weaker than its expectation.
It lowered the average selling price growth for 2014 and 2015 from 10.1% and 5.4% to 6.5% and 4.5%, respectively.
The sector earning forecast for 2014-16 was cut by 8%, 7% and 7%.
The best pick of the sector is CHINARES CEMENT (01313.HK), which is rated Overweight with target price lifted from $10.2 to $8.4.
Meanwhile, ANHUI CONCH (00914.HK) is upgraded from Neutral to Overweight. SHANSHUI CEMENT (00691.HK) was the most bearish one, with target cut from $3.4 to $3.2 and Neutral rating, HSBC added.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: Cement Producers
by winston » Fri Jun 06, 2014 2:28 pm
Cement price may see bullish trend - report
May 14, 2014
After the 1 May Festival in China, the cement price in China edged down by 0.17%, indicating a poor growth in the high season, reported dcement.com.
However, it is predicted that the cement demand in the 2H will be sharply boosted up by a series of growth protection policies, including the investment in railway projects, affordable housings schemes, etc. Therefore, the third quarter, the traditional low season, may see turnaround.
Source: AAStocks Financial News
May 14, 2014
After the 1 May Festival in China, the cement price in China edged down by 0.17%, indicating a poor growth in the high season, reported dcement.com.
However, it is predicted that the cement demand in the 2H will be sharply boosted up by a series of growth protection policies, including the investment in railway projects, affordable housings schemes, etc. Therefore, the third quarter, the traditional low season, may see turnaround.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: Cement Producers
by winston » Fri Jun 06, 2014 2:32 pm
<Research Report>Summary of M Stanley target prices/ratings for cement stocks
May 2, 2014
Summary of Morgan Stanley's target prices/ratings for cement stocks:
Stock / Investment Rating / Target Price (HK$)
WESTCHINACEMENT (02233.HK) / Equalweight->Overweight / 0.93
BBMG (02009.HK) / Equalweight / 6
CNBM (03323.HK) / Equalweight / 7.7->7.4
SINOMA (01893.HK) / Underweight / 1.33->1.36
ANHUI CONCH (00914.HK) / Overweight->Underweight / 33.4->25
CHINARES CEMENT (01313.HK) / Overweight->Underweight / 6->4.9
SHANSHUI CEMENT (00691.HK) / Underweight / 2.7
Source: AAStocks Financial News
May 2, 2014
Summary of Morgan Stanley's target prices/ratings for cement stocks:
Stock / Investment Rating / Target Price (HK$)
WESTCHINACEMENT (02233.HK) / Equalweight->Overweight / 0.93
BBMG (02009.HK) / Equalweight / 6
CNBM (03323.HK) / Equalweight / 7.7->7.4
SINOMA (01893.HK) / Underweight / 1.33->1.36
ANHUI CONCH (00914.HK) / Overweight->Underweight / 33.4->25
CHINARES CEMENT (01313.HK) / Overweight->Underweight / 6->4.9
SHANSHUI CEMENT (00691.HK) / Underweight / 2.7
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: Cement Producers
by winston » Fri Jun 06, 2014 2:33 pm
<Research Report>M Stanley says best stage of cement industry is over
May 2, 2014
In the latest research report, Morgan Stanley projected that Mainland property developers will be very active in clearing the stocks in 2014 and 2015, reducing the new construction and land buying plans.
A negative impact is therefore expected for the fixed investment in infrastructure.
The research house expects that the best stage for the profitability of cement industry is over, and cuts the 2014-2016 earning forecast for the sector by 7-18%.
As an adjustment, Morgan Stanley reduced the target price of ANHUI CONCH (00914.HK) from $33.4 to $25; cut CHINARES CEMENT (01313.HK) from $6 to $4.9, and both were downgraded from Overweight to Underweight.
Meanwhile, the target price of CNBM (03323.HK) was reduced from $7.7 to $7.4, with Equalweight rating; that of WESTCHINACEMENT (02233.HK) was maintained at $0.93, with rating lifted from Equalweight to Overweight; that of SINOMA (01893.HK) was lifted from $1.33 to $1.36, with Underweight rating remained.
Source: AAStocks Financial News
May 2, 2014
In the latest research report, Morgan Stanley projected that Mainland property developers will be very active in clearing the stocks in 2014 and 2015, reducing the new construction and land buying plans.
A negative impact is therefore expected for the fixed investment in infrastructure.
The research house expects that the best stage for the profitability of cement industry is over, and cuts the 2014-2016 earning forecast for the sector by 7-18%.
As an adjustment, Morgan Stanley reduced the target price of ANHUI CONCH (00914.HK) from $33.4 to $25; cut CHINARES CEMENT (01313.HK) from $6 to $4.9, and both were downgraded from Overweight to Underweight.
Meanwhile, the target price of CNBM (03323.HK) was reduced from $7.7 to $7.4, with Equalweight rating; that of WESTCHINACEMENT (02233.HK) was maintained at $0.93, with rating lifted from Equalweight to Overweight; that of SINOMA (01893.HK) was lifted from $1.33 to $1.36, with Underweight rating remained.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Return to Business Sectors & Industries
Who is online
Users browsing this forum: No registered users and 3 guests