 |
|
  |
2009-3-10 11:31:00 a.m. HKT, XFNA
DJ MARKET TALK: DBS Starts Asia Cement At Buy; Target HK$4.11
|
| |
| 1122 [Dow Jones] STOCK CALL: DBS Vickers starts Asia Cement (0743.HK) at Buy with target price of HK$4.11. Says company one of leading integrated cement producers in Central Yangtze River region. Notes expectation for solid demand for high-quality cement amid industrialization and urbanization in central China, acceleration on construction activities in Sichuan region, should bode well for company to deliver 46% CAGR on time-weighted cement capacity between FY08 and FY10. Adds, stock's valuation cheap amid expected strong FY08-10 net profit CAGR of 40%. Stock +2.3% at HK$3.56; HSI +2.5%. (YWM) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=uhZWDuT8N%2Fh45Ys7RP60FQ%3D%3D. You can use this link on the day this article is published and the following day.
(Delayed by 1 hour)
-0-
Copyright (c) 2009 Dow Jones & Company, Inc. |
| |
News Provided by XFNA |
| |
|
| Copyright(C) AASTOCKS.com Limited 2000. All rights reserved |
| |
|
|
|
