Core Viewpoint - Goldman Sachs reports that China National Building Material (03323) achieved a net profit of 1.36 billion RMB in the first half of the year, a significant recovery from a loss of 2.02 billion RMB in the same period last year, indicating a strong performance driven by better-than-expected profits in new materials and cement businesses [1] Financial Performance - The company's recurring net profit, excluding one-off factors, reached 1.29 billion RMB, compared to a recurring loss of 1.55 billion RMB in the previous year [1] - The performance exceeded both Goldman Sachs' and market expectations [1] Dividend Policy - Similar to the previous year, the company did not declare an interim dividend [1] Analyst Rating - Goldman Sachs maintains a "Buy" rating for the company, raising the target price from 4.4 HKD to 6.7 HKD [1]
高盛：升中国建材目标价至6.7港元 上半年业绩胜预期