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An update from West China Cement ( (HK:2233) ) is now available.
West China Cement has issued a supplemental announcement detailing how it valued AfriSam Holdings in connection with its previously disclosed acquisition of interests and subscription of new shares. The company explained that it rejected cost and income valuation approaches for AfriSam, citing their failure to capture economic benefits and the uncertainty from AfriSam’s recent loss-making history.
Instead, West China Cement adopted a market-based valuation using EV/EBITDA multiples derived from comparable African cement transactions over the past five years. The company selected two recent deals involving Lafarge Africa and Bamburi Cement as benchmarks, arguing these targets share similar business models, geographic exposure and industry conditions with AfriSam, providing a more relevant basis for pricing the transaction.
The most recent analyst rating on (HK:2233) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on West China Cement stock, see the HK:2233 Stock Forecast page.
More about West China Cement
West China Cement Limited is a Jersey-incorporated cement producer listed in Hong Kong. The company focuses on manufacturing and distributing cement and related building materials, and is actively expanding its presence in overseas markets, including Africa, to strengthen its international footprint and diversify its revenue base.
Average Trading Volume: 46,760,550
Technical Sentiment Signal: Buy
Current Market Cap: HK$14.04B
For detailed information about 2233 stock, go to TipRanks’ Stock Analysis page.