[ET Net News Agency, 25 October 2019] Credit Suisse raised its target price for Anhui
Conch Cement Co. Ltd. (00914) to HK$50 from HK$46 and maintained its "neutral" rating.
The research house believes Anhui Conch's earnings growth was mainly due to higher
cement prices and sales volume. As the market is still in the peak demand season, Credit
Suisse believes price could see a mild upside risk.
Credit Suisse revised up 2019/20/21 earnings forecasts by 20%/22%/23% to
Rmb33.5/26.8/25.8bn, to reflect higher sales volume and selling price assumptions. (KL)