[ET Net News Agency, 11 July 2018] UOB Kay Hian lifted its target price for Anhui Conch
Cement (00914) to HK$58.45 from HK$55.4, and reiterated its "buy" rating.
The research house said Conch's positive profit alert suggests a much better-than-
expected set of results for 2Q amid a strong market. To factor in better cement ASP and
gross profit/tonne performance, UOBKH revised up its 2018/2019 earnings forecasts by
11%/5% respectively.
It expects Anhui Conch to continue to be outperformed among peers, given: (a) its core
businesses are in the east and south regions, which are expected to continue enjoying fast
economic growth, (b) its above-peers cost control; (c) its net cash position enables the
company to grasp good M&A opportunities and avoid funding cost rising pressure. (KL)
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00914 CONCH CEMENT
Nominal 
17.360 -0.160 (-0.913%) Others
11/07/2018 17:09
[I-bank focus]UOBKH lifts Conch Cement (00914) to HK$58.45
| Remark: | Real time quote last updated: 24/04/2024 17:51 |
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