Cement News tagged under: Taiwan
Taiwan Cement ‘cautiously optimistic’03 April 2012, Published under Cement NewsTaiwan Cement Corp (TCC), which is fast-expanding in the China cement market, expects demand to pick up gradually this year in its two main markets, after it reported a 20 per cent decline in 4Q12. Speaking to the Tapei Times, chairman Leslie Koo, said: “We are cautiously optimistic about the business outlook [this year] after a below-trend fourth quarter when the unfavorable macroenvironment softened demand and pushed down selling prices.” Political uncertainty over the leadership re... |
Goldman Sachs downgrades Taiwan Cement target price12 January 2012, Published under Cement NewsThe target price for Taiwan’s leading producers, Taiwan Cement Company International (TCC) has been lowered by Goldman Sachs from HK$4.51 to HK$4.27. It has maintained its “buy” rating on the producer. The house has downgraded its earnings estimates across the Taiwan cement sector by an average of six per cent due to weaker China cement prices as sluggish demand has ensued following the government tightening measures. Goldman Sachs believes the next few months will be critical for Taiw... |