Gelonghui, April 6 丨According to the Jefferies Research Report, it is expected that leading companies in the mainland cement industry may not have a price war this year, but there is an opportunity for mergers and acquisitions. The bank estimates that cement companies' profitability may rebound moderately this year, but the outlook for this year and beyond is still a downward pressure. The bank did not “buy” China Building Materials (3323.HK), and the target price was lowered from HK$9.61 to HK$8.44; it gave Western Cement (2233.HK) a “buy” rating. The target price was raised from HK$0.95 to HK$1.89; the target price was raised from HK$0.95 to HK$1.89; and the target price was raised from HK$21.08 to HK$24.92. Tianshan Cement (000877.SZ) and China Resources Cement (1313.HK) have “outperformed the market” ratings.
大行评级 | 富瑞:下调中国建材目标价至8.44港元 升海螺水泥评级至“持有”
Big Bank Ratings | Jefferies: Lowering China's Building Materials Target Price to HK$8.44 and Upgrading Conch Cement Rating to “Hold”
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