Anhui Conch tgt UP
Seite 1 von 1
Neuester Beitrag: 23.03.09 06:48
|Eröffnet am:||30.10.07 05:57||von: skunk.works||Anzahl Beiträge:||18|
|Neuester Beitrag:||23.03.09 06:48||von: skunk.works||Leser gesamt:||4.081|
skunk.works: Anhui Conch tgt UP
DBS Vickers ups Anhui Conch Cement's (0914.HK) target to HK$83 from HK$69,
based on 25X P/E for 2008, to reflect company's great potential in growing market share, sustaining profitability in future.
Says "Conch's growth momentum will continue to come from its cement capacity expansion and energy savings resulting from its power-recycling business."
Keeps stock at Hold call, which now +3.8% at HK$78.80.
skunk.works: Anhui Conch +15% HK
skunk.works: Anhui back again ++
skunk.works: Abhui +17% = 56h$
skunk.works: A Conch + 0.46% = 53.7h$
Credit Suisse cuts Anhui Conch Cement (0914.HK) target price to HK$105 from HK$110 on risks over cement price and volume growth.
Says FY08 capex is 20% higher than 2007, implying 20-30 million ton clinker expansion in 2009, vs prior estimates of 10 million tons; adds rising coal price remains a key concern. Adds cost hike from energy to be more than offset by cement price improvement and Conch's internal cost saving. Tips a bearish scenario where ASP grows 5%;
Conch to make EPS of CNY1.9/share for 2008, CNY2.5/share for 2009, and be valued at HK$40/share (8x EV/EBITDA) or HK$55/share (11x EV/EBITDA). Keeps stock at Outperform; last off 3.6% at HK$51.50.
skunk.works: Anhui Conch +4.8% = 59.15h$
skunk.works: Anhui Conch 61.2 = +2.34%
_heisst von 86.5 auf 173 mio to
_Investitionen von 46b Yuan zur Kapazitätserweiterung !
_abhängig von der Ashare Einnahme von 12bio Yuan
skunk.works: A Conch HK 67,75 = +7,54%
JP Morgan upgrades Anhui Conch Cement (600585.SH) A-shares to Overweight from Neutral after raising earning estimate to reflect positive view on cement pricing trend, company's ability to expand margins even in challenging coal cost environment. Adds strong earnings, ROE growth is ultimate driver to stock re-rating. Tips company will expand margins based on increasing ASP, cost savings from waste-heat power generation projects, contrary to market's expectation of margin pressure from rising coal, energy costs. Maintains H-share (0914.HK) at Overweight. Keeps A-shares target price at CNY80, while H-shares at HK$80. H-shares last +6.3% at HK$67.
skunk.works: Anhui Conch +10%
Bautätigkeit wird pos ges
skunk.works: AC down -7% h$ 21,3
CS Keeps Outperform
down 7.0% at HK$21.40, low of HK$20.70 marks 52-week low, as earnings growth slows markedly in 3Q.
ICEA says under pessimistic case by assuming Conch's revenue to maintain growth rate of about 10% in 4Q08, 2009, 11% net profit margin
reflects valuation of 14X FY09 P/E, which "still relatively high amid the weak market sentiment," thus expects downward pressure on share price.
target price to HK$35 vs HK$60,
Outperform call due to already trough valuations.
skunk.works: Anhui Conch +20%
heute Anhui Conch +5,5h$ = 20,3% =32,5h$
skunk.works: Anhui C -6,47% = 34,7h$
-Cred Suisse hebt Ziel auf 48h$ (EBITDA von 7,6 auf 8,7us$/t)
-hi quality chinese large cap
skunk.works: Anhui Conch +8% = 45,4h$