In today’s briefing:
- Lucror Analytics – Morning Views Asia
- West China Cement – Earnings Flash – H1 FY 2025 Results – Lucror Analytics
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: Greentown China, SK Hynix, JSW Infrastructure
- UST yields rose slightly amid limited new catalysts yesterday, reversing a portion of the steep declines from last Friday.
- The yield on the 2Y UST advanced 3 bps to 3.72%, while that on the 10Y UST was up 2 bps at 4.28%. Equities retreated, with the S&P 500 and Nasdaq down 0.4% and 0.2% at 6,439 and 21,449, respectively.
West China Cement – Earnings Flash – H1 FY 2025 Results – Lucror Analytics
- West China Cement (WCC) has reported improved H1/25 numbers.
- Earnings from Mainland China rebounded y-o-y, after declining in FY 2023 and FY 2024.
- This was supported by higher ASP (amid industry-wide supply controls) and lower costs, which offset the impact from weaker sales volumes.
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