HK-listed Asia Cement climbs to 7-year high on solid H1

Asia Cement (China) Holdings

14/08/2018 07:29

** Shares in Asia Cement (China) Holdings Corp  0743.HK , a
China-based cement and concrete maker, rise 5.34 pct to HK$6.91,
highest since August 2011
    ** Co says H1 revenue rises 47 pct to approximately 4.95
billion yuan ($718.9 million)
    ** The firm also expects that cement market demand will
remain stable and cement prices will stay high in the second
half  urn:newsml:reuters.com:*:nFWN1V407N
    ** China's infrastructure investment is expected to pick up
in the second half of the year due to policy support, the
country's statistics bureau said on Tuesday  urn:newsml:reuters.com:*:nS6N1UC015
    ** As of the previous close, the stock had risen 139.42
percent so far this year
    ** As of 0558 GMT, about 4.02 million shares of the
Jiangxi-based company have been traded, about 197.7 percent of
their 30-day moving average of 2.03 million shares a day
    ** Among the 2 analysts that cover Asia Cement (China)
Holdings Corp, the current average rating on the shares is
"strong buy". The analyst mean price target is HK$8.5
    ** Hong Kong benchmark index  .HSI  is down 1.18 pct
    ($1 = 6.8857 Chinese yuan)

 ((Reuters Messaging: Cheng.Li.thomsonreuters.com@reuters.net))