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Conch Cement rose 2% and the target price to 55.09 yuan

Source: Internet
Author: User
Keywords Hong Kong dollar cement
Tags demand start stock stock price stock price rose the new
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Conch Cement H-share in the early morning after the start of the low to undertake, the stock price rose 1.77% to HK $48.75 a half, 1.57 million shares.　　Daiwa issued a report saying the unit was better than the big city rating, raising its target price from HK $43.09 to HK $55.09, a premium of 13% per cent. Daiwa, the cement industry has reached a point where the price of coal is rising so that costs are slowing, and demand is heating up as investment in fixed assets increases. Cement prices are expected to fall by 3% in 2009 from a year earlier (forecast to fall 6.5%), up 2% from the previous year in 2010. With new cement prices expected to be profitable, Daiwa has raised its forecast for 2009 fiscal year earnings by 10%, up 9% in fiscal 2010. But cement prices are down by 1% per 4.7%.

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