Quote | Super Quote
24312 CT-HSBC@EP2411B (PUT)
RT Nominal up0.270 +0.044 (+19.469%)

21/06/2021 17:14

{I-bank focus}CS raises Angang Steel (00347) to HK$6

[ET Net News Agency, 21 June 2021] Credit Suisse raised its target price for Angang
Steel (00347) to HK$6 from HK$5.2 and upgraded its rating to "outperform" from "neutral".
The research house said it is optimistic on steel prices and margins in 2H21 after
short-term fluctuation in current slow demand season. In the short term, it expects the
easing demand in typical low season to weigh on steel prices, especially against the
govt's policy headwinds. However, it expects limited downside given elevated iron ore and
coke prices. In 2H21, it expects there will be still downside pressure on steel supply, to
provide upside risks on steel prices amid resilient demand. (RC)

Back to Related News

Remark: Real time quote last updated: 16/04/2024 15:05
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.