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高盛初予台泥(1136.HK)亚泥(0743.HK)买入评级

高盛 ·  Aug 18, 2011 17:30  · Researches

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.

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