Cement News tagged under: Credit Suisse
Credit Suisse upgrades China Resources Cement rating08 January 2016, Published under Cement NewsCredit Suisse raised its target price for China Resources Cement (CRC) at HKD3 (US$0.39), but upgraded its rating from "neutral" to "outperform". The research house cited its sources with the Cement Association and the Standardization Administration of China confirming that the proposal for the elimination of PC32.5/PC32.5R grade cement was approved at the internal committee votes in late December – a key step towards the official approval of the policy, making it now a highly-probable even... |
Credit Suisse acquires shares in China Shanshui08 January 2014, Published under Cement NewsCredit Suisse Group AG acquired 10.47m shares in China Shanshui Cement Group Ltd for a total of HK$34.93m on 31 December 2013, according to the Hong Kong Stock Exchange. Since the purchase, Credit Suisse holds 141.13m shares (a 5.01 per cent stake) in Shanshui Cement. The Shandong Province-based company is engaged in limestone mining and the manufacture of cement and cement clinker. |
Credit Suisse upgrades TCC’s earnings outlook13 September 2013, Published under Cement NewsCredit Suisse has revised up its 2013 earnings by 48 per cent for Taiwan Cement Corp International (TCC) to reflect the upside risk in cement price and sales volume from Guangdong/Guangxi market (51 per cent of sales). Credit Suisse cited its sources suggesting that recent construction demand pick-up has been better in eastern/southern region versus potentially disappointing demand in other regions, likely driven by property and local government infrastructure construction. It expects t... |
Credit Suisse upgrades Taiheiyo Cement, Japan06 March 2013, Published under Cement NewsCredit Suisse has upgraded Japan’s leading cement producer Taiheiyo Cement to Outperform from Neutral and sees improved profits for the company in the next fiscal. The house sees a one-off but substantial shortfall versus guidance in the current fiscal year due to higher fixed costs and increases in cost outlays due to production-related issues. However, it expects the company to achieve profits in the fiscal ending March 2014 on a comparative profit rebound, relatively large benefits from... |
Credit Suisse sees “headwinds” for Indian cement sector02 May 2012, Published under Cement NewsCredit Suisse sees near-term "headwinds" for the sector due to a slowdown in rural and urban housing, despite the "attractive long-term rural story. "The investment bank re-starts coverage of the Indian cement sector with an "underperform" rating on ACC and Ultratech Cement and a "neutral“ rating on Ambuja Cement. Credit Suisse says margins will also "deteriorate" due to an expected 13% rise in power and freight costs on the back of higher domestic coal and diesel prices. The bank also say... |
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