Western Cement, which has been listed for more than one year, began to shake off a wave lower than the first wave since early October. Last week, the stock price changed, and it surged through 10 days, 20 days and 50 days average. It is estimated that the upward trend has not ended. Afterwards, it is expected to go up again. In addition, Western Cement's forecast price-to-earnings ratio is only 6.2 times, and the valuation is the lowest in the industry. We believe that the opportunity for another plunge will not be high, the current price may be bought with a small bet, and Bo will rise to 1.6 yuan.
Western Cement is a cement producer in the northwestern region of the Mainland. It mainly operates cement production and sales in Shaanxi Province and the Xinjiang Autonomous Region. The cement produced and sold is used as a trademark for “Bobai†and “Yaobai Cement†and can be used for the construction of highways, bridges, railways, and railways. Infrastructure projects such as roads.
As of June 30, 2011, the Group had 11 production facilities and 13 cement productions, with a total annual production capacity of 16.2 million tons, of which the total production capacity in Shaanxi Province reached 15.6 million tons, accounting for 27% of the total production capacity in the province, along with western China. With continued development in the region and increased infrastructure projects, Western Cement is expected to benefit.
Looking at the results, Western Cement recorded a turnover of RMB 1.713 billion in the first half of this year, up 41.6%, and profit attributable to shareholders was RMB 419 million, an increase of 15.5%, and gross profit increased by 20% to RMB 567 million.** * However, the overall gross profit margin decreased by 6 percentage points to 33.1%. During the period, the cement sales volume of the Group increased by 46.9% to 5.92 million tons, which was mainly due to the contribution of the Group's new production facilities that began operations and acquired in June 2010.
According to the research report, the credit environment in the Mainland is still tense and the Chinese cement price and demand outlook are more cautious. As a result, Western Cement’s target price has been lowered from RMB 3.25 to RMB 1.75. However, the current share price of Western Cement is lower than its book value. There was limited room for the stock price to drop, and its investment rating was upgraded from “hold†to “outperformâ€. Western Cement closed at 1.43 yuan yesterday, down 2.05%.
Western Cement is a cement producer in the northwestern region of the Mainland. It mainly operates cement production and sales in Shaanxi Province and the Xinjiang Autonomous Region. The cement produced and sold is used as a trademark for “Bobai†and “Yaobai Cement†and can be used for the construction of highways, bridges, railways, and railways. Infrastructure projects such as roads.
As of June 30, 2011, the Group had 11 production facilities and 13 cement productions, with a total annual production capacity of 16.2 million tons, of which the total production capacity in Shaanxi Province reached 15.6 million tons, accounting for 27% of the total production capacity in the province, along with western China. With continued development in the region and increased infrastructure projects, Western Cement is expected to benefit.
Looking at the results, Western Cement recorded a turnover of RMB 1.713 billion in the first half of this year, up 41.6%, and profit attributable to shareholders was RMB 419 million, an increase of 15.5%, and gross profit increased by 20% to RMB 567 million.** * However, the overall gross profit margin decreased by 6 percentage points to 33.1%. During the period, the cement sales volume of the Group increased by 46.9% to 5.92 million tons, which was mainly due to the contribution of the Group's new production facilities that began operations and acquired in June 2010.
According to the research report, the credit environment in the Mainland is still tense and the Chinese cement price and demand outlook are more cautious. As a result, Western Cement’s target price has been lowered from RMB 3.25 to RMB 1.75. However, the current share price of Western Cement is lower than its book value. There was limited room for the stock price to drop, and its investment rating was upgraded from “hold†to “outperformâ€. Western Cement closed at 1.43 yuan yesterday, down 2.05%.
Small Work Light,Small Led Work Lights,Mini Led Work Light,Small Rechargeable Work Light
Ningbo Alite Lighting Technology Co.,Ltd , https://www.alite-tmwt.com