Asia Cement hits all-time high on robust earnings outlook

Asia Cement (China) Holdings

16/04/2019 04:09

** Shares of Asia Cement (China) Holdings Corp  0743.HK 
rise as much as 5.2 pct to HK$9.84, an all-time high since
trading debut in May 2008
    ** Stock up after the cement and concrete maker forecast
strong growth in quarterly results 
    ** Stock on track for a third session of gains 
    ** The Jiangxi-based company expects profit for Jan-March
quarter to jump 70-90 pct from a year-ago period, due to an
increase in average selling price of its products  urn:newsml:reuters.com:*:nFWN21V084
    ** The quarterly results will be published by end-April
    ** As of last close, stock up 70.3 pct so far this year
    ** Asia Cement has outperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 35 percentage points in the
past one month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
eases 0.2 pct, and the Hang Seng China enterprises index  .HSCE 
climbs 0.4 pct

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)