
AnhuiConchandCNBMwillreleasetheirannualresultson24Marand25Marrespectively.Wedon’texpectmuchsurpriseonConchgivenitspositiveprofitalert(earningsup50%YoY),butremaincautiousonCNBMduetoitshighgearing.AnhuiConch’sexpectedearningstorise49%YoY.WeestimateConch’s2013earningstorise49%YoYtoRmb9,440m.Weexpecttotalsalesvolumetorise18%YoYto219mtonnesandblendedASPtoincrease3.7%Y...