Yapi Kredi Prefers Bolu Cimento, Cimsa Among Turkish Cement Cos.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
ADANA TI (Adana Cimento Sanayii TAS)
AFYON TI (Afyon Cimento Sanayi TAS)
AKCNS TI (Akcansa Cimento AS)
BOLUC TI (Bolu Cimento Sanayii AS)
CIMSA TI (Cimsa Cimento Sanayi VE Ticaret AS)
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UUID: 7947283
(Bloomberg) -- In light of higher energy prices, Yapi Kredi Yatirim says it prefers cement companies that produce diverse, more profitable products, according to research note.
- Says white cement and ground slag cement producers, such as Cimsa, Adana Cimento and Bolu Cimento, may outperform peers as products are more profitable compared to gray cement
- Favors companies operating in Marmara, Black Sea and Central Anotalia regions due to strong demand and pricing outlook
- Downgrades Akcansa to hold vs buy on valuation
- Sees cement consumption to grow 2% in 2017
- Expects Ebitda margin to decline 200bps Y/y based on higher energy costs
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
ADANA TI (Adana Cimento Sanayii TAS)
AFYON TI (Afyon Cimento Sanayi TAS)
AKCNS TI (Akcansa Cimento AS)
BOLUC TI (Bolu Cimento Sanayii AS)
CIMSA TI (Cimsa Cimento Sanayi VE Ticaret AS)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283