|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||29.40 - 29.54|
|52 Week Range||22.70 - 33.34|
|Beta (3Y Monthly)||1.40|
|PE Ratio (TTM)||7.70|
|Forward Dividend & Yield||1.26 (4.47%)|
|1y Target Est||N/A|
April 26 (Reuters) - Anhui Conch Cement Co Ltd: * SAYS Q1 NET PROFIT UP 27.3 PERCENT Y/Y Source text in Chinese: https://bit.ly/2VvphqD Further company coverage: (Reporting by Hong Kong newsroom)
March 21 (Reuters) - Anhui Conch Cement Co Ltd: * SAYS 2018 NET PROFIT UP 88.05 PERCENT Y/Y Source text in Chinese: https://bit.ly/2TRXOzm Further company coverage: (Reporting by Hong Kong newsroom)
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Anhui Conch Cement Company 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. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service has upgraded Anhui Conch Cement Company Limited's issuer rating to A2 from A3. "The upgrade reflects our expectation that Anhui Conch will maintain its leading market position, strong profitability and credit profile over the next two to three years, against the backdrop of supportive supply and demand dynamics in the cement industry," says Gerwin Ho, a Moody's Vice President and Senior Credit Officer.
Moody's Investors Service says that Anhui Conch Cement Company Limited's positive alert for its consolidated net profit in 1H 2018 is credit positive, but has no immediate impact on its A3 issuer rating or stable outlook. "Anhui Conch's positive profit alert for 1H2018 will continue to position the company's credit profile within its A3 issuer rating," says Gerwin Ho, a Moody's Vice President and Senior Credit Officer. On 9 July 2018, Anhui Conch announced that it expects to record a 80%-100% year-on-year increase in its net profit for the six months ended 30 June 2018.