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CITIC Securities: Investment opportunities in the cement Industry can be considered, focusing on CONCH CEMENT (00914) and others.
The bank stated that if the demand during the peak season returns to normal, Cement prices are expected to continue rising.
Gansu Shangfeng CementLtd's (SZSE:000672) Earnings Trajectory Could Turn Positive as the Stock Increases 5.3% This Past Week
Gansu Shangfeng Cement (000672.SZ): Plans to use no more than 0.3 billion yuan for Private Equity investments in XINJINGJI.
On February 19, Longhu announced that Gansu Shangfeng Cement (000672.SZ) has disclosed plans to optimize its Assets allocation structure, promote enterprise transformation and upgrading, cultivate new economic growth points, and pursue a path of high-quality development. In accordance with the overall development plan, and provided that it does not affect the company's normal Operation and the risks are controllable, the company plans to use no more than 0.3 billion yuan (including 0.3 billion yuan) for Private Equity investments in the new economy. The total quota shall not exceed 0.3 billion yuan in a natural year, and the company's management is authorized to be responsible for the implementation of specific projects and other related matters.
Gansu Shangfeng Cement (000672.SZ): plans to increase capital for its holding subsidiary, Duyun Shangfeng.
Gelonghui announced on January 13 that Gansu Shangfeng Cement (000672.SZ) has revealed that the Duoyun Shangfeng Southwest Cement Co., Ltd. (referred to as "Duoyun Shangfeng") is a holding subsidiary owned 50% by Zhejiang Shangfeng Building Materials Co., Ltd. (referred to as "Shangfeng Building Materials"), a wholly-owned subsidiary of Gansu Shangfeng Cement Co., Ltd. To meet the operational development needs of Duoyun Shangfeng, Shangfeng Building Materials and the joint venture partner Guizhou Tianshan Cement Co., Ltd. (referred to as "Guizhou Tianshan") plan to increase capital to Duoyun Shangfeng in cash amounting to 70 million yuan according to their respective investment ratios. After the increase, the company's shareholding ratio remains unchanged.
Gansu Shangfeng CementLtd (SZSE:000672) May Have Issues Allocating Its Capital
Gansu Shangfeng CementLtd (SZSE:000672) Has A Pretty Healthy Balance Sheet
Gansu Shangfeng CementLtd (SZSE:000672) Might Be Having Difficulty Using Its Capital Effectively
