Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00914 CONCH CEMENT
RTNominal up17.520 +0.160 (+0.922%)
Research Report

29/03/2021 15:26

{I-bank focus}CLSA cuts Conch Cement (00914) to HK$71.5

[ET Net News Agency, 29 March 2021] CLSA cut its target price for Anhui Conch Cement
(00914) to HK$71.5 from HK$77.31 to reflect the less-than-expected increase in payout and
maintained its "buy" rating.
The research house said Conch's 2020 net profit of Rmb35.2bn was 2% below CLSA's
forecast. Unit cement and clinker GP was lower at Rmb154/t with 4Q 2020 coming in at
Rmb166/t. The unit production cost fell 4.3% to Rmb171/t, showing its good management
during 4Q's coal price spike.
A final dividend of Rmb2.12/share was proposed, implying a payout of 32%, relative to
CLSA's forecast of 35%. (KL)

Back to Research Report

Remark: Real time quote last updated: 23/04/2024 17:59
  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
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.