In today’s briefing:
- GAPack (468 HK): Shandong Xinjufeng Offer Progesses
- Eagle Materials: A Tale Of Increasing Cement Sales & Margin Expansion! – Major Drivers
GAPack (468 HK): Shandong Xinjufeng Offer Progesses
- On the 9th May, Shandong Xinjufeng (301296 CH) (XJF) made a pre-conditional voluntary general Offer at $2.65/share (best & final), contingent on a 50% acceptance. Final/special dividends to be added.
- GAPack(468 HK) has made it clear that XJF is a competitor of GAPack. And Mengniu (2319 HK) may review its relationship if pre-cons are satisfied/waived; or the Offer gets up.
- XJF has announced the necessary applications have been sent to NDRC, MoC, and SAMR; and it prepping for a shareholder meeting to approve the Offer.
Eagle Materials: A Tale Of Increasing Cement Sales & Margin Expansion! – Major Drivers
- Eagle Materials, a producer of building materials such as cement and concrete, concluded the fiscal year 2024 with robust financial performance, reflecting in its record revenue of $2.3 billion and record diluted EPS of $13.61.
- The financial results were primarily attributed to the company’s dedicated workforce and superior quality products, which continue to attract customer support and investor confidence.
- A highlight of Eagle Materials’ operational performance was its effective execution of safety measures.
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