|Bid||39.34 x 0|
|Ask||39.35 x 0|
|Day's Range||38.90 - 40.09|
|52 Week Range||34.62 - 63.49|
|Beta (5Y Monthly)||0.67|
|PE Ratio (TTM)||5.79|
|Earnings Date||Aug 28, 2021|
|Forward Dividend & Yield||2.12 (5.38%)|
|Ex-Dividend Date||Jun 17, 2021|
|1y Target Est||43.60|
The rating also takes into consideration WCC's business synergies with Anhui Conch Cement Company Limited (Anhui Conch, A2 stable) and Anhui Conch's technical support to WCC. Anhui Conch held a 21.1% stake in WCC as of the end of 2020.At the same time, WCC's rating is constrained by the cyclical nature of the cement industry, developing operating scale and limited diversification in terms of product and market coverage.
Moody's Investors Service has affirmed Anhui Conch Cement Company Limited's ("Anhui Conch") A2 issuer rating. "The affirmation reflects Anhui Conch's steady operations, prudent financial policy and strong net cash position, as well as supportive industry conditions," says Roy Zhang, a Moody's Vice President and Senior Analyst. Anhui Conch's A2 issuer rating reflects its leading market position in many provinces across China, thanks to its large production capacity and distribution networks, as well as cost competitiveness.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of West China Cement Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.