914: Anhui Conch Cement Co Ltd Stock Price Quote Hong Kong

Sales of self-produced cement and clinker products contributed about 65% of its 2021 revenue, with the remainder mainly from the trading business and service income. Anhui Conch Cement DotBig saw a decline in short interest in September. As of September 30th, there was short interest totaling 1,800 shares, a decline of 81.3% from the September 15th total of 9,600 shares.

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Anhui conch cement stock

Provide specific products and services to you, such as portfolio management or data aggregation. HONG KONG — Asian stocks powered to record highs on Monday on expectations that weaker job growth in the U.S. will prompt the Federal Reserve to cut rates sooner than had been expected. With signs that China’s massive economic stimulus plan is beginning to take hold, some strategists are suggesting that investors Anhui conch cement stock focus on a country that is already bolstering global markets. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. See Best Materials Dividend Stocks Model Portfolio for our top income & growth blend ideas in Materials.

China manufacturing PMIs reveal expansion in August

Sales of self-produced cement and clinker products contributed about 71% of its 2019 revenue, with the remainder mainly from trading business. 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Anhui Conch Cement in the last year. The consensus among Wall Street equities research analysts is that investors should "sell" AHCHY shares. Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement https://dotbig.com/markets/stocks/AHCHY/ products. The company conducts its operations through five segments, which include Eastern China, Central China, Southern China, Western China, and Overseas. It provides construction and installation services for industrial purposes; logistic services; and mining and related services. The company manufactures and sells cement packaging products, concrete products, and refractory materials; and develops and sells profile and related products, as well as exports clinker and cement products.

MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. One share DotBig of AHCHY stock can currently be purchased for approximately $14.56. Anhui Conch Cement Company Limited produces and sells ordinary portland cement, portland cement, portland blast furnace slag cement, compound cement, and commercial clinker.

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Anhui Conch Cement is mainly engaged in the production and sales of cement and clinker.

Account

Based on an average daily volume of 131,000 shares, the days-to-cover ratio is currently 0.0 days. Learn more about dividend stocks, including information https://dotbig.com/ about important dividend dates, the advantages of dividend stocks, dividend yield, and much more in our financial education center.

  • At the current price, Conch’s H shares are trading at 0.5 times 2022 price/book and a decent yield of more than 5%.
  • The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.
  • Schedule monthly income from dividend stocks with a monthly payment frequency.
  • While we still expect a recovery for the sector, we think it will be slow and subdued, given China’s sluggish economic growth.
  • The Barchart Technical Opinion rating is a 100% Sell with a Strengthening short term outlook on maintaining the current direction.
  • The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank.

Learn from industry thought leaders and expert market participants. Generate fixed income from corporates that prioritize environmental, social and governance responsibility. ETFs AHCHY and funds that prioritize investments based on environmental, social and governance responsibility. Diversify across sectors or allocate more towards a bullish sector thesis.

Momentum Rank

Verify your identity, personalize the content you receive, or create and administer your account. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies https://dotbig.com/ on content and your personal data. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. China’s manufacturing activity accelerates in August, according to two competing surveys, supported by rising domestic orders related to construction activity.

Company Profile

The company was established in 1997 and headquartered in Anhui province. With annual cement production capacity of 384 million metric tons, the firm is the second-largest cement manufacturer in China.

Profitability Rank

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Newsstand

Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. Narrow-moat Anhui Conch Cement’s third-quarter net profit of CNY 2.6 billion, Anhui Conch Cement stock price today which declined 65.3% year on year, was below our expectation. The disappointing performance was attributable to falling sales volume and rising energy costs. The cement industry was hard hit this quarter, with Conch’s peers also delivering sharply lower earnings and even making losses. We have lowered our fair value estimate to HKD 50 per H share from HKD 68 after considering the weaker yuan, lackluster cement demand, and higher fuel costs.

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