Anhui Conch Reports Robust Earnings on Higher Average Selling Price; Shares Undervalued
Narrow-moat-rated Anhui Conch Cement, or ACC, saw net profit of CNY 20.8 billion for the first nine months of 2018, up 111% year over year. This was in line with our expectations on the back of higher sales volume and average selling price. We retain our earnings forecast and fair value estimate of HKD 52 (CNY 45.50). Following the recent share price correction, we think ACC is undervalued at the current share price. While there are concerns on the slowing infrastructure and property sector in C...
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.