With the selection of the value list of Jinqilin listed companies in Hong Kong stock market opened, thousands of companies will compete fiercely for the eight Project Awards. Who is the most leading entrepreneur, such as Zhang Yong, Yu Liang, Wang Xing, Lei Jun, Xu Jiayin and Ding Lei.
UBS published a research report, saying that China building materials announced on August 7 that it had signed an indicative asset purchase agreement with Tianshan cement, a listed subsidiary of a shares, and planned to split some cement companies from the other party. The target companies in the spin off accounted for 62% of China building materials’ revenue last year. After the restructuring, CNBM will continue to be the controlling shareholder of Tianshan cement, and Tianshan will become China’s largest cement producer with a cement production capacity of 433 million tons per year.
UBS said that although the share price of China building materials has increased by 27% after the announcement of restructuring, it believes that the company’s valuation still has potential to rise, because its current price is equivalent to 0.93 times the one-year forecast market book ratio, which is far lower than that of cement companies in a shares and Hong Kong shares.