HK-listed Asia Cement hits all-time high on robust H1 outlook

Asia Cement (China) Holdings

16/07/2019 04:57

** Shares of Asia Cement (China) Holdings Corp  0743.HK 
rise as much as 4.9% to HK$14.04, their highest since listing in
May 2008, after the Chinese cement and concrete maker forecast
strong growth in first half results
    ** Jiangxi-based firm, with a market value of HK$21.9 bln
($2.8 bln), expects its profit for six months ended in June to
rise 50-60% from the year-ago period boosted by higher average
selling price of its products  urn:newsml:reuters.com:*:nFWN24G0AC
    ** Interim results will be published by end of August
    ** As of last close, the stock had risen 143.7% this year
    ** Asia Cement has outperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 5.2 percentage points in the
past one month
    ** The Hang Seng China enterprises index  .HSCE  climbs 0.1%
and the benchmark index  .HSI  gains 0.2%
 ($1 = 7.8177 Hong Kong dollars)

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