GO
| HSI1 | 25,893.54 | +141.14 | 246.32B |
| HSCEI1 | 8,655.04 | +43.21 | 75.28B |
| Back Zoom + Zoom - Block Traded | |
|
2026-04-08 16:13:47 Within last year's Chinese commodities sector, most cement stocks recorded YoY growth in recurring earnings, generally exceeding expectations, Goldman Sachs' research report said. In addition, these stocks' per-ton cement profit was largely in line with or slightly below forecasts. Coal stocks reported a YoY decline in earnings, but their per-ton coal profit was broadly in line with expectations. Steel companies' results remained sluggish but showed YoY improvement. Paper packaging companies also delivered better-than-expected results. Goldman Sachs has raised its earnings forecasts for the coal stocks under its coverage by 3-15% to reflect a more optimistic outlook for coal and coal chemical product prices. It has kept a Buy rating on CHINA COAL (01898.HK), CONCH CEMENT (00914.HK), and CNBM (03323.HK), with target prices rising from HKD11.5 to HKD16, dropping from HKD31 to HKD28, and falling from HKD6.5 to HKD6, respectively. The broker has also upgraded MAANSHAN IRON (00323.HK)'s rating from Sell to Neutral and elevated its target price from HKD1.9 to HKD2.5, citing that valuations are already approaching reasonable levels. ~ AAStocks Financial News Web Site: www.aastocks.com | |