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C Suisse Lifts BBMG (02009.HK) Target to $6.4; Kept Outperform
Credit Suisse, in its report, said feedback from BBMG (02009.HK) post result analyst meeting is positive, with newly disclosed industrial land reserve higher than expected. Views o...
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C Suisse Lifts BBMG (02009.HK) Target to $6.4; Kept Outperform
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2017/04/07 10:28
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Credit Suisse, in its report, said feedback from BBMG (02009.HK)  -0.050 (-1.946%)    Short selling $3.71M; Ratio 28.959%   post result analyst meeting is positive, with newly disclosed industrial land reserve higher than expected. Views on China's cement market remain constructive, as improved supply discipline combines with rising demand outlook. The broker lifted the target price from $5.8 to $6.4 with rating kept at Outperform.

The broker maintained positive view on cement market, and estimated RMB75 per ton in unit GP for 2017-18. Credit Suisse estimated the construction in Xiong'an New Area could consume 50-100 million tons of cement, based on population increase. Double-digit demand growth should be sustained in the coming years, the broker said.
(Quote is delayed for at least 15 mins.Short Selling Data as at 2018-12-14 16:25.)

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