Goldman Sachs initially rated Taiwan Cement International (1136.HK) and Asia Cement (0743.HK), with target prices reaching HK$6.25 and HK$8.8, respectively. This indicates that the valuation of the two stocks is attractive. The price-earnings ratio of Taiwan Cement and Asia in 2012 was only 5.2 and 5 times, which is clearly lower than that of its mainland peers by about 8 times. Taiwan Cement rose 4.5% to HK$4.69 yesterday, and Asia Cement rose 7.6% to HK$6.69; the two shares also announced their 2011 interim results today.
高盛初予台泥(1136.HK)亚泥(0743.HK)买入评级
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This page is machine-translated. Futubull tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation.