I have changed my rating for Anhui Conch Cement from Hold to Buy; the stock is trading at an undemanding 0.63x PEG with visible catalysts. Industry-specific re-rating triggers for AHCHY include reduced supply driven by government policies, and higher demand on the back of increased infrastructure investments. The company itself has plans for returning more capital to shareholders, and lowering its business risks through diversification.
Here is how Anhui Conch Cement Co. (AHCHY) and CRH (CRH) have performed compared to their sector so far this year.
Here is how Anhui Conch Cement Co. (AHCHY) and CRH (CRH) have performed compared to their sector so far this year.
ARR, AKAM and AHCHY have been added to the Zacks Rank #5 (Strong Sell) List on May 28, 2023.