Cement News tagged under: Deutsche Bank
Deutsche Bank clamps down on emissions targets20 October 2023, Published under Cement NewsDeutsche Bank has reportedly set emissions targets for loans to clients in the cement sector as part of the bank’s net-zero target for 55 per cent of its financed emissions. According to Reuters, the bank, which is Germany’s biggest lender, is under increasing pressure from policymakers and investors to encourage clients to reduce their greenhouse gas emissions. Twelve months ago the bank set up a ‘net zero forum’ of senior executives tasked with assessing loan deals of more than EUR25... |
Deutsche Bank lowers China demand forecast27 May 2014, Published under Cement NewsAccording to the latest research report by Deutsche Bank, cement demand forecast was lowered to 4.5 per cent, due to the recent slowdown in the real estate market in China. However, the forecast still exceeds cement supply of 1.9 per cent. The target prices of cement stocks were reduced in accordance with the adjustments on sales volume and average selling prices. |
Deutsche Bank downgrades Jaiprakash to “sell”, India24 July 2013, Published under Cement NewsDeutsche Bank downgrades India's Jaiprakash Associates Ltd to "sell" from "hold", due to higher-than-expected debt. The bank says the company's consolidated debt of INR612bn (US$10.24bn) came in at INR10bn above its estimates. It has also cut its FY14 earnings estimates for the India-based cement producer by 14 per cent and that of FY15 by nine per cent, citing a "high degree of operating leverage" in a "weak cement demand environment." |
Deutsche Bank buys 20.54 mln shares in Shanshui Cement, China08 June 2012, Published under Cement NewsDeutsche Bank AG acquired 20.54 million shares in China Shanshui Cement Group Ltd at HK$ 5.47/share and for a total of HK$112m on May 28th, sources reported, citing information released by the Hong Kong Stock Exchange. After the purchase Deutsche Bank's stake in Shanshui Cement increased by 0.73% to 7.66%. (Source: China Business Newswire) |
Deutsche Bank sells 86.58m shares in Shanshui21 May 2012, Published under Cement NewsDeutsche Bank AG sold 86.58m shares, or a 3.08% stake, in China Shanshui Cement Group Ltd at HK$5.79/share and for a total of HK$502m on 10 May, according to a filing on the Hong Kong Stock Exchange. After the sale Deutsche Bank's stake in Shanshui Cement fell to 6.89%. |
Deutsche Bank raises stake in Shanshui Cement, China02 April 2012, Published under Cement NewsDeutsche Bank acquired 33.09 million shares in China Shanshui Cement Group Ltd at HK$ 5.55 apiece and for a total of HK$ 184m last Friday, China Business Newswire reported, citing information released by the Hong Kong Stock Exchange. After the purchase Deutsche Bank's stake in Shanshui Cement increased by 1.18% to 9.36%. |
Deutsche Bank revises China outlook10 February 2012, Published under Cement NewsFollowing discussions with the China Cement Association, Deutsche Bank now expect capacity growth of 7.5% and 3.4% in 2012 and 2013 versus its previous expectations of 4.1% and 2.2%. Deutsche forecast national demand to grow 3.3% in 2012 compared to its previous forecast of 4.1%. This could prove conservative if property stabilizes and the economy recovers in 2H12, the bank notes. Nevertheless, it expects 2012 to be the year when supply pressure on producers is the greatest over the past ... |
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