[ET Net News Agency, 17 January 2018] Deutsche Bank lifted its target price for China
National Building Material (CNBM)(03323) to HK$9.69 from HK$8.21, and maintained its "buy"
rating.
The research house hosted a materials trip visiting the four major business lines
(cement and aggregates, fiberglass, gypsum board and lithium separator) of CNBM and Sinoma
(01893). It concluded that the cement business will stay healthy in 2018, and sees the
dominant market share by CNBM in gypsum board and fiberglass as key drivers to its 2018
earnings, with further upside after the integration with Sinoma.
While CNBM's GP/t averaged only RMB65/t for 9-months 2017, GP/t improved significantly
to RMB85/97/120/t in the last three months of 2017, DB said. It added that CNBM are now in
touch with the government to try to impose additional taxes on clinker imports. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
03323 CNBM
Nominal 
2.730 -0.040 (-1.444%) Others
17/01/2018 17:22
[I-bank focus]Deutsche Bank lifts CNBM (03323) to HK$9.69
| Remark: | Real time quote last updated: 19/04/2024 18:00 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |