Anhui Conch Cement Reports Robust 1Q Results on Higher Selling Prices; Shares Fairly Valued
With first-quarter results within expectations, we think narrow-moat Anhui Conch Cement is fairly valued at its current share price, which already reflects stronger near-term cement prices. Anhui’s first-quarter 2019 net profit was up 27% year over year to CNY 6.1 billion, accounting for 23% of our full-year forecast. Given that the first is seasonally a weak quarter, we view the results as largely in line. We are keeping our fair value estimate of HKD 52.00 (CNY 44.00) unchanged. Our long-term ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.