Anhui Conch Cement: Cheap For Good Reasons

RicAguiar Elevator Pitch I rate Anhui Conch Cement Company Limited (OTCPK:AHCHF) [914:HK] as a Hold. The company is highlighted as a leading “cement producer in China” that boasts a “13% market share” by Fitch Ratings. My previous August 6, 2021 write-up touched on both the bull and bear thesis for Anhui Conch Cement. The focus of this latest article is the stock’s valuations and the company’s Q4 2023 results preview. Anhui Conch Cement’s valuations are inexpensive based on historical and peer comparisons. But the stock’s cheapness is warranted considering its weak financial outlook. The company’s earnings are projected to fall…