-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Lomon Baili plans to acquire Anning Ferro Titanium to improve the industrial chain layout
.
CICC believes that Lomon Baili has a titanium dioxide production capacity of 600,000 tons and a titanium concentrate mining capacity of nearly 700,000 tons, and the industrial chain is relatively complete
.
The company intends to acquire 100% equity of Anning Iron Titanium through the issuance of shares and cash payment (accounting for 15% of the transaction price).
The transaction price is between RMB 4.
5 billion and RMB 5 billion.
The main business of Anning Iron Titanium is vanadium ilmenite concentrate and titanium concentrate.
Waiting for production and sales, if the acquisition is completed, the company's industrial chain layout will be further improved
.
? The company's 60,000 tons of chlorinated titanium dioxide has reached the standard and the product has achieved good reputation among customers such as PPG and Aksu
.
The company plans to invest about 1.
81 billion yuan to build a 200,000-ton chlorination titanium dioxide production line.
After the construction is completed, the company's chlorination titanium dioxide production capacity will increase to 260,000 tons, which can optimize the company's product structure and effectively enhance the company's core competitiveness
.
? The boom in the 2Q titanium dioxide industry is expected to continue
.
In 2018, new production capacity was relatively limited and the impact of environmental protection production restrictions was added, and the upward elasticity of the supply side was small
.
On the demand side, CICC researched that the real estate sales area increased by 5% year-on-year in 2018, which will drive the demand for titanium dioxide.
At the same time, overseas exports are still strong.
From January to February 2018, China exported a total of 24.
93% of titanium dioxide.
Industry supply and demand are improving, and 2Q is optimistic.
The prosperity of the titanium dioxide industry continues
.
? The current company's stock price corresponds to the 2018/2019 P/E ratio of 13/12x, and the target price is maintained at 24 yuan, which is 30.
3% upside compared to the current stock price.
The target price corresponds to 2018/2019 17/16xP/E, and the recommended rating is maintained
.
.
CICC believes that Lomon Baili has a titanium dioxide production capacity of 600,000 tons and a titanium concentrate mining capacity of nearly 700,000 tons, and the industrial chain is relatively complete
.
The company intends to acquire 100% equity of Anning Iron Titanium through the issuance of shares and cash payment (accounting for 15% of the transaction price).
The transaction price is between RMB 4.
5 billion and RMB 5 billion.
The main business of Anning Iron Titanium is vanadium ilmenite concentrate and titanium concentrate.
Waiting for production and sales, if the acquisition is completed, the company's industrial chain layout will be further improved
.
? The company's 60,000 tons of chlorinated titanium dioxide has reached the standard and the product has achieved good reputation among customers such as PPG and Aksu
.
The company plans to invest about 1.
81 billion yuan to build a 200,000-ton chlorination titanium dioxide production line.
After the construction is completed, the company's chlorination titanium dioxide production capacity will increase to 260,000 tons, which can optimize the company's product structure and effectively enhance the company's core competitiveness
.
? The boom in the 2Q titanium dioxide industry is expected to continue
.
In 2018, new production capacity was relatively limited and the impact of environmental protection production restrictions was added, and the upward elasticity of the supply side was small
.
On the demand side, CICC researched that the real estate sales area increased by 5% year-on-year in 2018, which will drive the demand for titanium dioxide.
At the same time, overseas exports are still strong.
From January to February 2018, China exported a total of 24.
93% of titanium dioxide.
Industry supply and demand are improving, and 2Q is optimistic.
The prosperity of the titanium dioxide industry continues
.
? The current company's stock price corresponds to the 2018/2019 P/E ratio of 13/12x, and the target price is maintained at 24 yuan, which is 30.
3% upside compared to the current stock price.
The target price corresponds to 2018/2019 17/16xP/E, and the recommended rating is maintained
.
